ANTA Group officially announced its investment in MUSINSA China, Ding Shizhong: Not deviating from the main track.

On August 27, Ding Shizhong, Chairman of the Board of Directors of ANTA Group, released a letter to shareholders. In the letter, Ding Shizhong stated that ANTA Group will never chase short-term profits. Since its listing in Hong Kong in 2007, ANTA's stock value has increased from an initial 5.28 Hong Kong dollars to nearly 20 times today. In terms of mergers and acquisitions, ANTA completed the acquisition of Amer Sports in the first half of this year. Ding Shizhong stated that a joint management team has been formed, and a revival plan for the next 3-5 years will be developed within this year. In addition, ANTA Group will invest in MUSINSA China, holding a 40% stake. "This is not deviating from the main track, but getting closer to young consumer trends," explained Ding Shizhong.