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Overcoming Monster
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19
Includes a table of Quanzhou provident fund participants and a table of SAIC registered capital changes for Guangzhou Anda Trade Development Co.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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20
Includes images of an ID card and an SAIC registration change notice.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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21
Includes a screenshot of a government filing portal as evidence of the distributor's lack of independence.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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22
The slide uses a photo and a quote from a media source to link an individual to ANTA management, supporting an investigation into corporate control.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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23
The slide includes photographic evidence of the company's office location in Excellence City, Shenzhen, alongside a dialogue transcript.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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24
The slide uses a transcript format to expose the relationship between ANTA and its distributors, contradicting claims of independent franchising.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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25
The slide documents a forensic investigation into a distributor's website, highlighting a link to an internal email directory.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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26
The slide presents a list of names and email addresses as proof of shared infrastructure.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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27
The slide presents investigative findings regarding proxy networks, specifically highlighting connections between Anta executives and distributor personnel.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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28
Includes a screenshot of a Wayback Machine capture of an Outlook Web App login page, likely used to imply a shared IT infrastructure or connection.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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29
The slide uses a screenshot of a Chinese government enterprise credit website with English annotations added to explain the fields.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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30
The slide uses a news clipping from 2003 to demonstrate that an individual claimed to be merely a 'distributor' was actually a high-level employee of a subsidiary.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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31
The slide uses corporate registration documents to expose the relationship between the Chairman's cousin (Lin Sankuang) and the company's ownership history.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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32
Contains detailed footnotes regarding corporate registration and ownership history.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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33
The slide contains two source documents (a news clipping and a board resolution) followed by an analytical summary text.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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34
Includes a transcript excerpt from an investigator interview and references to SAIC filings and ANTA prospectus.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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35
The slide features a photo of the team, a descriptive paragraph about the expedition, and a direct quote from a company executive.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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36
The slide uses specific examples of distributors to argue that they are effectively subsidiaries of ANTA, contradicting official claims.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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37
Includes a photo of a meeting, a Chinese text excerpt, and an interview transcript snippet regarding Su Weiqing and the Beijing subsidiary.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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38
The slide uses investigative research to link specific individuals (Mr. Hong Yanqing, Mr. Lin Sankuang) to ANTA leadership, suggesting they act as proxies for the company.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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39
The slide highlights a discrepancy between public corporate records and ANTA's official prospectus, suggesting undisclosed related-party relationships.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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40
The slide uses a news clipping about a strategic partnership to contrast with the investigative finding that two supposedly distinct distributors share identical recruitment profiles and potentially misleading establishment dates.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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41
The company descriptions are identical, suggesting they are the same entity or closely linked under the same management.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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42
The slide uses screenshots from a corporate registry tool (likely Tianyancha) to highlight overlapping contact details (phone numbers and emails) between Jinan Ruili and Jinan Anchuang.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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43
The slide uses SAIC filing documents and anecdotal evidence from former managers to argue that Jinan Ruili and Zhengzhou Anfa are de facto subsidiaries of Anta.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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44
The slide highlights a potential conflict of interest or undisclosed related-party transaction involving Lin Aiguo and Zhengzhou Anfa.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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45
The slide contains annotated translations of Chinese legal documents, highlighting shareholder names (Chen Lixian, Lin Aimin), capital investment (300k/200k RMB), and ownership percentages (60%/40%).ANTA Sports Products Limited (2020.HK) · Carson C. Block
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46
Includes a screenshot of the National Enterprise Credit Information Publicity System for Zhengzhou Anfa Sporting Goods Co., Ltd. and a transcript of an interview with former ANTA senior managers.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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47
The slide uses a screenshot of a Weibo profile to link a specific individual to a distributor, supporting the argument of hidden related-party transactions.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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48
The slide highlights a contradiction between the 'independent' status of a buyer and their actual role as a director of the ListCo's channel management.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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