In July 15th, the well-known short selling agency Muddy Waters Research muddy water released fourth reports, summed up last week three short Anta sports report and Anta's response. Meanwhile, muddy water said there will be more plans for the disclosure of Anta.

In the past 9 years, muddy water has been exposing the fraud of listed companies of Hong Kong Stock Exchange and has never been accused by regulators. The 14 companies that were exposed by muddy water, 6 delisting, 1 suspended for nearly 5 years, 2 were sold by management premium, 2 shares fell more than 90%, 2 shares fell significantly, and only 1 companies rose.

The report also points out that Anta has no evidence to refute more than 100 pages of evidence and comment on corruption, but relies on agents to make unconfirmed and meaningless statements.