Li Ning: In the first quarter, Li Ning's sales points achieved a double-digit growth in retail revenue compared to the entire platform.

Li Ning announced that as of the first quarter ending on March 31, 2026, the retail turnover of Li Ning sales points on the entire platform achieved a low double-digit growth on a year-on-year basis. In terms of channels, offline channels achieved a low double-digit growth, with retail channels seeing a growth of 10%-20% at the lower end, and wholesale channels achieving a low single-digit growth; e-commerce virtual store business achieved a high double-digit growth. As of March 31, 2026, in China, the total number of Li Ning sales points is 6,075, a net decrease of 16 so far 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 Ning YOUNG sales points is 1,464, a net decrease of 54 so far this year.