Li Ning (02331): In the first quarter, Li Ning's sales points achieved a double-digit growth in retail sales turnover on the entire platform year-on-year.

LI NING (02331) announced that for the first quarter ending on March 31, 2026, the retail sales of LI NING sales points (excluding LI NINGYOUNG) on the entire platform achieved a mid-single-digit growth year-on-year. In terms of channels, offline channels (including retail and wholesale) achieved mid-single-digit growth, with retail (direct operation) channels achieving a low double-digit growth of 10%-20%, and wholesale (franchise distributors) channels achieving low single-digit growth; e-commerce virtual store business achieved high single-digit growth. As of March 31, 2026, in China, the total number of LI NING sales points (excluding LI NINGYOUNG) was 6,075, a net decrease of 16 this year. Among the net decrease of 16 sales points, retail business decreased by 46, while wholesale business increased by 30. In China, the total number of LI NINGYOUNG sales points is 1,464, a net decrease of 54 this year.