Li Ning Company Limited entered into the renewed master agreement relating to the renewal of the existing master agreement with Viva China Holdings Limited pursuant to which the Viva China Group may provide to the group services in relation to brand or product endorsement; sponsorship; and event management. The renewed master agreement would take effect from January 4, 2013 to December 31, 2015 or the day on which Viva China ceases to be a connected person of the company whichever is earlier. The historical figures for the service fees paid by the group in respect of the existing master agreement for the financial years ended December 31, 2011 and December 31, 2012 are approximately RMB 1,600,000 and RMB 200,000, respectively.