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Slide function

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The slide uses a Q&A format to present testimony from a former executive (Mr. A) regarding ANTA's control over distributors.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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05
Bilingual transcript (Chinese/English) presented in a table format.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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06
The slide presents a Q&A format in both Chinese and English, highlighting potential conflicts of interest or hidden control structures within ANTA's distribution network.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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07
The table contains a Q&A format in both Chinese and English. It appears to be part of an investigative report.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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08
The slide contains two interview excerpts (Mr. D and Mr. E) detailing the relationship between the brand and its distributors, and the practice of separating semi-subsidiaries from the listed company to improve financial reporting.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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10
The slide uses a screenshot from a Chinese corporate registry (TianYanCha) to verify the identity and associations of Wang Huayou.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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11
The top half is a screenshot of a recruitment page for 'Jinjiang Yundong Business Consulting Co., Ltd.', which the author links to the Peng brothers and ANTA's distribution network.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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12
The slide lists 23 entities and provides a narrative argument linking their low margins to potential financial fraud at the parent company level.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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14
The slide uses a diagram to explain the 'Connected Person' relationship under Hong Kong Listing Rules to argue that ANTA exerts de facto control over its distributors.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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16
The slide uses a scanned document (likely an ID or employment record) to prove that Ding Qingliang was employed by ANTA (China) Ltd. during a period the company claimed he was working elsewhere.ANTA Sports Products Limited (2020.HK) · Carson C. Block
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17
The slide uses red boxes to highlight the specific claims being challenged in the prospectus text.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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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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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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