HK Stock Market Move | LI NING (02331) rose by more than 4% in intraday trading and has become the official sportswear partner of the Chinese Olympic Committee again.

LI NING (02331) rose more than 4% in midday trading, up 3.17% to HK$15.64 at the time of writing, with a trading volume of HK$105 million. On the news front, on January 15th, the Shanghai United Property Rights Exchange officially announced that LI NING has been awarded the contract to supply sports apparel for the Chinese sports delegation from 2025 to 2028. The company will become the official sports apparel partner of the Chinese Olympic Committee and the Chinese sports delegation from 2025 to 2028. LI NING brand founder and group chairman LI NING stated that after many years, LI NING brand has once again become a partner of the Chinese Olympic Committee and the Chinese sports delegation, demonstrating the trust of the State Sports Administration and the Chinese Olympic Committee in the LI NING brand, and will work to serve and support the development of China's sports industry in the future.