Topsports responds to Nike's online channel adjustments: in ongoing communication with the brand regarding resource support including inventory recovery and promotional subsidies.

Topsports is Nike's all-around strategic partner in Greater China and Nike's largest distributor in China. Topsports management noted that this adjustment is a channel strategy adjustment by the brand owner amid the restructuring of the industry's channel landscape, and does not mean that the foundation of the two parties' cooperation has changed; their offline cooperation remains unchanged. Topsports understands the brand owner's approach of cleaning up online channels and rebuilding brand strength, and is continuing to communicate with Nike regarding resource support such as inventory recovery and promotional subsidies.