VIVA GOODS (00933) has announced a further acquisition of 29.6195 million shares in LI NING through its wholly-owned subsidiary, Viva China Development Limited.

The purchases were executed on the open market via the Stock Exchange during the period from 28 August 2026 to 1 September 2026, inclusive of both dates.

Prior to this transaction, the acquiring entity held 407.5 million shares of LI NING, representing approximately 15.77% of the total issued share capital as of the date of this announcement.

Following the completion of the acquisition, the purchaser will hold 437 million shares, increasing its stake to approximately 16.91% of the total issued share capital of LI NING.

LI NING is accounted for as an associate and will continue to be classified as one of the group's associates after the acquisition is completed. The group will continue to recognise its share of LI NING's profits less losses in its accounts.