Slides
Page 1
361 Degrees International Limited Stock Code: 1361.HK March 2026 Annual Results
Page 2
Financial Review 02 03 0401 05 Brand Building Business Review Appendix Q&A Content
Page 3
Disclaimer These presentation slides have been prepared by 361 Degrees International Limited (the “Company”) solely for us during its presentation held in connection with its annual results for the year ended 31 December 2025 and may not be reproduced or redistributed. In particular, these presentation slides should not be transmitted into the United States or distributed in the United States and they should not be distributed to any U.S. person (as defined in Regulation S under the United States SecuritiesAct of 1933, as amended (the “SecuritiesAct”). The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice, its accuracy is not guaranteed, and it may not contain all material information concerning 361 Degrees International Limited. The Company makes no representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. In addition, the information contains projections and forward-looking statements that reflect the Company’scurrent views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the Company’s assumptions are correct. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or to provide any investment service or investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. 3
Page 4
President’s Speech Anchor Global Strategy Build brand roots with professionalism Optimise Operations Forge resilient growth through innovation Deepen Sports Focus Drive future progress with technology 4
Page 5
Investment Highlights Deepen the global sports event ecosystem to reinforce our leadership as a professional brand Focus on breakthroughs in core technologies to build long-term product competitive barriers Innovate retail formats at the point of sale to enhance channel operations and sales efficiency Expand diversified growth engines to drive sustained and steady performance growth Fulfil corporate social responsibility to solidify the foundation of sustainable value creation 5
Page 6
“Flying Flame 5” Professional Marathon Racing Shoes Financial Review
Page 7
11% RMB 11.1 Billion 10% RMB 2.6 Billion 26% RMB 3.3 Billion 14% RMB 1.3 Billion 45% Annual dividend per share HK 31.7 cents 7 1067% RMB 0.8 Billion Financial Highlights Revenue from 361º Kids Revenue from E-commerce Profit Attributable to Equity Holders Final Dividend Payout Ratio Net Cash Generated from Operating Activities Total Revenue
Page 8
8 Financial Overview RMB mn 2025 2024 Change Revenue 11,145.8 10,073.5 +10.6% Gross profit 4,628.5 4,183.3 +10.6% Operating profit 1,767.1 1,576.2 +12.1% Profit attributable to equity holders 1,308.9 1,148.6 +14.0% Basic EPS (RMB cents) 63.3 55.6 +13.8% Profitability Ratios (%) Gross profit margin 41.5 41.5 No change Operating profit margin 15.9 15.6 +0.3 p.p. Margin of profit attributable to equity holders 11.7 11.4 +0.3 p.p. Return on shareholders’ equity 13.5 12.4 +1.1p.p. Operating Expenses Ratios (percentage of revenue) (%) Advertising and promotional expenses 10.5 12.8 -2.3 p.p. Staff costs 8.4 8.5 -0.1p.p. Research and development expenses 3.4 3.4 No change Dividend Final dividend declared per share (HK cents) 11.3 10.0 +1.3 Interim dividend paid per share (HK cents) 20.4 16.5 +3.9 Annual dividend per share (HK cents) 31.7 26.5 +5.2
Page 9
3,509.9 4,287.2 4,629.5 935.3 1,098.5 1,412.1 2,687.5 3,093.2 3,422.6 988.3 1,211.3 1,119.9 2023 2024 2025 Adults-Footwear Kids-Footwear Adults-Apparel Kids-Apparel Accessories and Shoe Soles 8,423.3 10,073.5 11,145.8 Revenue Breakdown Accessories and Shoe Soles: 561.7 (5.1%) Apparel: 4,542.5 (40.7%) Footwear: 6,041.6 (54.2%) Accessories and Shoe Soles: 302.3 (3.6%) 9 Revenue Analysis Amount: RMB mn / (% of revenue) Apparel: 3,675.8 (43.6%) Footwear: 4,445.2 (52.8%) Accessories and Shoe Soles: 383.3 (3.8%) Apparel: 4,304.5 (42.7%) Footwear: 5,385.7 (53.5%)
Page 10
1,489.2 1,840.7 1,989.5 391.5 454.7 589.1 1,087.6 1,276.6 1,451.8 416.2 508.1 473.0 77.7 103.2 2023 2024 2025 Adults-Footwear Kids-Footwear Adults-Apparel Kids-Apparel Accessories and Shoe Soles 125.1 2023 2024 2025 Kids-Footwear Kids-Apparel GPM of Adults Products % 42.4% 42.9% 43.0% 40.5% 41.3% 42.4% 2023 2024 2025 Adults-Footwear Adults-Apparel GPM of Kids Products 41.1% 41.5% 41.5% % 10 Gross Profit and Gross Profit Margin Analysis Gross Profit and Gross Profit Margin (“GPM”) 4,183.3 3,462.2 4,628.5 Amount: RMB mn / % 41.9% 41.4% 41.7% 42.1% 41.9% 42.2%
Page 11
12.7% 12.8% 10.5%9.2% 8.5% 8.4% 3.7% 3.4% 3.4% 2023 2024 2025 Advertising & promotional expenses Salary & welfare R&D expenses RMB mn 2025 2024 Change Advertising & promotional expenses 1,165.7 1,292.5 -9.8% E-commerce – commission & platform service fee 281.7 238.2 +18.3% Packaging fee and storage fee 324.1 303.6 +6.8% Logistics fee 130.0 110.1 +18.1% Staff costs 173.1 159.5 +8.5% Others 181.1 107.5 +68.5% Total selling and distribution expenses 2,255.7 2,211.4 +2.0% RMB mn 2025 2024 Change R&D expenses 378.3 341.5 +10.8% Administrative staff costs 177.0 160.1 +10.6% Depreciation and amortisation 67.9 48.8 +39.1% Travel, office and legal consulting expenses 55.3 54.3 +1.8% Donations 103.4 11.2 +823.2% Others 72.2 83.0 -13.0% Total administrative expenses 854.1 698.9 +22.2% 11 % of revenue Major Operating Expenses Analysis Selling and Distribution Expenses Administrative Expenses
Page 12
961.4 1,148.6 1,308.9 2023 2024 2025 12 % 11.3% 12.4% 13.5% 2023 2024 2025 40.2% 45.0% 45.0% Profit Attributable to Equity Holders Analysis Profit Attributable to Equity Holders Return on Shareholders’ Equity Dividend Payout Ratio Amount: RMB mn Amount: RMB mn / % 386.1 516.9 589.0 2023 2024 2025
Page 13
RMB mn As at 31 December 2025 As at 31 December 2024 Change Current assets 12,827.3 12,058.0 +6.4% Current liabilities 3,836.3 3,362.7 +14.1% Net current assets 8,991.0 8,695.3 +3.4% Equity attributable to owners of the Company 10,078.1 9,375.2 +7.5% Net asset value per share RMB 5.1 RMB 4.8 +6.3% Net cash per share RMB 2.0 RMB 2.1 -4.8% Current ratio (x) 3.3x 3.6x -0.3x Gearing ratio (%) 2.1 1.9 +0.2p.p. 13 Balance Sheet Overview
Page 14
107 117 149 149 88 74 存货 应收账款及应收票据 应付账款及应付票据 列1 20252024 Trade and Bills Receivables - Ageing Analysis Working Capital Turnover Days RMB Million / % As at 31 December2025 As at 31 December2024 Within 90 days 3,576.7 75.5% 2,744.1 62.5% Over 90 days but within 180 days 639.5 13.5% 1,105.6 25.2% Over 180 days but within 360 days 519.6 11.0% 538.9 12.3% 4,735.8 100.0% 4,388.6 100.0% 14 Working Capital Cycle Analysis Trade and bills receivables Inventories Trade and bills payables
Page 15
Cash Flow RMB mn 2025 2024 Profit before tax 1,756.6 1,562.8 Adjustment of non-cash profit and loss and items from non- operating activities 180.9 90.6 Change in inventories 31.0 (759.9) Change in trade and bills receivables (394.8) (598.4) Change in trade and other payables 231.6 116.1 Change in deposits, prepayments and other receivables (627.1) (66.0) Cash from operating activities 1,178.2 345.2 T axes (363.6) (275.4) Net cash generated from operating activities 814.6 69.8 15 Liquidity Analysis
Page 16
RMB mn As at 31 December 2025 As at 31 December 2024 Change Pledged bank deposits 9.2 8.7 +5.7% Bank deposits, cash and cash equivalents 4,093.8 4,254.2 -3.8% T otal cash 4,103.0 4,262.9 -3.8% T otal bank borrowings (299.0) (261.2) +14.5% Net cash (including bank deposits, cash and cash equivalents) 3,804.0 4,001.7 -4.9% Financial Resources 16 Capital Strength
Page 17
“AG6” Aaron GORDON’s Signature Shoes Aaron GORDON Brand Ambassador of 361 ° Brand Building
Page 18
18 Technology-Driven, Brand-Focused, Dedicated to Professional Excellence 361° Kids: Leverage technological innovation to strengthen product offerings that combine professional functionality, health technology, and kids’ fashion, creating a differentiated competitive advantage Embrace the brand statement of “CHASING YOUR LOVE!”, and positions as the “Youth Sports Expert”, 361° Kids is dedicated to meeting the diverse needs of children and adolescents The products focus on professional categories such as running, basketball, football, rope skipping, outdoor activities, and campus life, providing high- quality solutions for all scenario sports and lifestyle wear 361°: Leverage technological innovation as core driving force, 361° continuously propels high-quality corporate development, dedicated to providing consumers with high-value, professional-grade sporting products Embrace the brand spirit of “ONE DEGREE BEYOND” and positions as “Professional, Youthful, Internationalised”, 361° is dedicated to becoming a globally respected sports brand that inspires everyone to embrace sports and pursue excellence Target the mass and professional market, offering integrated sportswear products in categories such as running, basketball, and lifestyle that meet the demand of sports enthusiasts and empower them to surpass their limits
Page 19
19 2009 • 361° was officially listed on the Main Board of the Hong Kong Stock Exchange • 361° Kids was launched • The official partner for the 17th Asian GamesIncheon2014 • Global overseasstrategywas initiated • The official partner for the 16th Asian Games Guangzhou 2010 • Extensive coverage and recognition by the People’s Daily 2010 • Received the Outstanding Contribution Award of the Asian Games from the Olympic Council of Asia • A number of products received international accolades 2021 • 361° launched its racing family running shoe matrix • 361° was the first in the industry to put forward the “carbon capture” concept 2022 • 15th anniversary of listing on the Main Board of the Hong Kong Stock Exchange • The official partner of the 20th Asian Games Aichi-Nagoya 2026, as a contributor to the Asian Games for the fifth consecutive times 2024 • The official partner of the 9th Asian Winter Games Harbin 2025 • Global partner of World Aquatics (2026–2029) • Commenced a new round of strategic cooperation with the Olympic Council of Asia 2025 2014 • 361° brand was established 2003 Brand Milestones • 361° was awarded“China FamousBrand” • 361° was ranked the first in the “China’s Top 100 Potential Enterprises” list releasedby Forbes (Chineseversion) 2005 • The official partner of the Rio 2016 Summer Olympic in Brazil and Paralympic Games, being the first Chinese sportswearbrand to sponsorthe Olympics 2016 • The official partner for the 18th Asian Games Jakarta Palembang 2018 • 361° was named as one of “China’s 500 Most Valuable Brands” for 14 consecutive times 2018 • Signed Nikola JOKIĆ as global brand ambassador • The official partner for the 19th Asian Games Hangzhou 2023 2023
Page 20
20 International Competitions Empower the Brand’s Elevation 361° integrates its brand spirit “ONE DEGREE BEYOND” – into the international sporting arena, supporting global sport through profes sional equipment and exceptional service, showcasing the mission and strength of a Chinese brand Official Partner of the Asian Winter Games Harbin 2025 • Responding to the needs of winter sports and drawing inspiration from local culture, 361° has created customised professional apparel for torchbearers, volunteers and delegations from across Asia, launched the “Heat Up the Snow” campaign alongside a comprehensive training product range, providing full support to the popularisation of winter sports in China Official Partner of the Asian Games Aichi-Nagoya 2026 • The fifth consecutive partnership with the Asian Games. 361° has officially unveiled the Aichi-Nagoya 2026 Official Sportswear Collection, crafted from recycled materials to deliver both high performance and sustainability, firmly advancing the vision of a “Green Asian Games” Global Partner of the World Aquatics (2026–2029) • Supplying professional sportswear for all World Aquatics competitions and provide official kit for key initiatives, including the World Aquatics Athlete Scholarship Programme and the “Discover Aquatics” programme, playing an active role in building the global aquatic sports ecosystem Official Partner of the Olympic Council of Asia (2026–2030) • Commenced a new phase of strategic cooperation with the Olympic Council of Asia, continuing a partnership that began with the Asian Games Guangzhou. By further enhancing event delivery and athlete support, 361° reaffirms its enduring commitment as a Chinese brand to contributing meaningfully to the global sporting ecosystem Shine on the Global Sporting Stage, Demonstrate the Commitment of a Chinese Brand
Page 21
21 Deepening and Enriching Brand Resources Large-scale Sports Events • Large-scale games: Asian Winter Games Harbin 2025, Aichi -Nagoya Asian Games 2026, etc • 21 marathon and other road race events: Qingdao Marathon, Tangshan Marathon and Fuzhou Marathon etc • Other Events: 5 events including the 2025 World Tennis Continental Cup (WTCC) IP crossover products • 10 well-known IPs: SpongeBob, Garfield etc China National Teams & Professional Sports Teams • China national teams: China National Karate Team, China National Handball Team, etc • 15 other sports teams: Guangdong Province Swimming Team, Tianjin City Swimming Team Top Tier Athletesand Celebrities as Spokespersons • 7 basketball players: Nicola JOKI Ć, Aaron GORDON, etc • 13 marathon athletes: LI Zicheng, GUAN Yousheng, etc • 10 other athletes in niche markets: SUN Yang, GAO Qunxiang, etc • Celebrities: AO Ruipeng Diverse Strategic Partnerships • Partnered with Standard Robots to boost the brand’s advancement towards intelligence • Co-launched “Flying Flame 5” Second-Generation Mass Balance Low-carbon Environmental-friendly Running Shoe with Evonik at the 8th China International Import Expo • Signed a strategic cooperation agreement with Tianjin University of Sport for "education-research- industry" synergic system • Collaborated with CLEANCOOL, entry into a new stage of empowering sports gear with aerospace technology 2025 Tangshan Marathon Launched a New Round of Cooperation with the Olympic Council of Asia Garfield Collaboration Signed a Strategic Cooperation Agreement with Tianjin University of Sport Brand Ambassador SUN Yang Partnered with Standard Robots In 2025, A&P Expenses Accounted for 10.5％ of the Group’s Total Revenue
Page 22
22 Comprehensive Rollout of Proprietary Events “3# - Track 10 Kilometres Race” • Renewed Competition Format: Added Women's Elite Category and public pacers to enhance the experience; championship rewards include new product trials, equipment vouchers, etc • Professional Standards: Implement Athletics Association marathon event standards to improve event quality • Dual-Track Approach: Combine elite competition with public participation to build an inclusive running ecosystem and promote the development of road running culture “Light Up” Proprietary Basketball Event • Global Expansion: The event heads to Japan for the first time, enhancing competitive spectatorship • Multi-Tier System: Extended season covering national, regional, local, and youth tournaments to attract mass participation • Independent Hosting: Launched the “Light Up-Junior Basketball Game” with distributors actively replicating the model to expand influence “Meet Up on Skateboards” • Diverse Tracks: A combination of professional and recreational tracks to encourage mass participation • Cultural Fusion: Integrating Chinese folk culture with street culture to break down barriers within skateboarding culture • International Exchange: Chinese and foreign skaters together embody ”Love Knows No Borders," enhancing brand influence “Swing as One” Citywide Badminton Tournament • Innovative Competition Format: Pioneered the “361 Competition Format” team scoring system with unique win conditions • Lifestyle Philosophy: Advocating for finding one's rhythm in life through badminton to attract young consumers • Product Experience: Providing a platform for badminton enthusiasts to experience 361 ° products for the first time, achieving a deep connection between the event and the products “Women’s Fitness Gym” Offline Activities • Multi-city Integration: Held in cities including Shenzhen, Hangzhou, and Chengdu to build a women's sports community • Celebrity Endorsement: Featuring celebrity mentors like JIANG Wenwen and ZHANG Doudou to enhance brand appeal • Immersive Experience: Showcasing brand support for women's sports through activities like yoga and cardio boxing to enhance the sense of engagement Proprietary Innovation Drives Event Upgrades, Empower Brands to Break Through
Page 23
LIN Guipu Badminton Promotion Ambassador of 361 ° Business Review
Page 24
24 361° Product - Running Full-stage Runner Coverage Race-tested Validation Performance-driven Innovation • Built four-tier products matrix: covered Top Speed, Professional Speed, Track Training, and Comfortable Running, met runners' needs throughout every stage, fully showcase technological prowess • Deeply integrated the event ecosystem: through sponsoring domestic and international marathons, and proprietary event “3# - Track 10 Kilometres Race” series validate performance in real-world conditions, empower runners to break records • Accelerate product innovation and iteration: Launched “Flying Flame5” and “Flying Flame 5 FUTURE” in 2025, advancing energy return, comfort and speed Professional Marathon Racing Shoes Flying Flame 5 3# -Track 10 Kilometres Racing Series Final 361° Empowers Runners to Excel Globally with Professional Gear
Page 25
25 Leverage Ambassador Assets Strengthen Brand Building and Global Growth • Signed Nikola JOKIĆ, Aaron GORDON, and Spencer DINWIDDIE as ambassadors to reinforce professional credibility • Linked ambassadors with product launches and tours: GORDON’s Asia tour, DINWIDDIE’s China tour, and JOKIĆ & GORDON’s US co-launch of “JOKER2” and “AG6” • Built proprietary basketball event “Light Up” to deepen influence in the sport 361° Product - Basketball “JOKER2” Launched in the US Aaron GORDON’s Asia T our 丁威迪中国行 Spencer DINWIDDIE’s China Tour
Page 26
26 Spot Trends & Expand into Pop Culture Strengthen Sport-lifestyle Positioning • Expanded “Lightweight Adventure” range with sun-protection gear and jacket; promoted via multi-scenario events to reinforce urban outdoor, commute and fashion use • Hosted “Meet Up on Skateboards” skate tour and “Swing as One” citywide badminton tournament, bridging sport, style and community, driving product diversification and penetration into niche markets • Built women’s performance matrix across yoga and tennis, launched advanced lines like “New Skin PRO” “New Skin SE” for training-to-everyday needs • Launched female-focused pop-ups and concept stores to create “sport + social” experiences and deepen emotional engagement 361° Product - Training and Lifestyle Swing as One Women’s Fitness Gym Lightweight Adventure Series
Page 27
1.9% 1.4% 74.9% 21.8% 27 361° - Sales Overview Sales Network • The group has 6,647 points-of-sale worldwide, of which 5,394 are located in mainland China • The average store size has reached 165㎡, reflecting 16㎡ increase from the end of 2024 10%-15% 10% 10% 10% Q1 Q2 Q3 Q4 2025 Retail Sales Performance Mall & Department Stores: 1,768 Street Level Stores: 3,626 32.8% 67.2% Channel Mix Super Premium Stores: 105 The 10th-Generation Stores: 78 The 9th-Generation Stores: 4,041 Other Stores: 1,170 Store Image 注：数据截至2025年12月31日 Retail Sales Performance • Retail sales performance was strong, showing a resilient growth trend • There are 127 Super Premium Stores worldwide (as of December 31, 2025), among which 105 are adults’ Super Premium Stores and 21 are kids’ Super Premium Stores. One overseas Super Premium Store has opened in Cambodia • Adopting the “thousand-square-metre space, comprehensive multi-category coverage, and one-stop self-service shopping” model to build a sports equipment hub for all through innovative retail formats and refined operations • AcceleratingSuper Premium Store expansion to optimise network structure and enhance channel quality and efficiency Channel Innovation: 361° Super Premium Store Super Premium StoreThe 10th-Generation Store
Page 28
“Soft Bounce G-II” Running Shoes 28 Leveraging Event–resource Synergies to Strengthen the Positioning of 361º Kids as a “Y outh Sports Expert” • In 2025 World Rope Skipping Championships, partnering with the China National Rope Skipping Team to secure 137 medals and break world records 15 times, enhancing the brand’s professional influence • Partnering with the China National Rope Skipping Team and the Beijing Guoan Junior Training, with support from Basketball Legend LV Xiaoming, Rope Skipping Product Recommender DU Tingting, and Chief Product Recommender AN Xiaoyu to drive event execution and product promotion • Launching the “Light Up-Junior Basketball Game” and “3V3 Youth Football Championship”, with events covering more than 10 key business cities Technology Empowerment to Drive the Upgrade of Professional Sports Products • For campus and youth sports scenarios, 361º Kids launched the “Flying Dagger-axe” and “Speedy” racing running and training shoes, and “Flash Leap” and “Flash Gazelle” rope skipping shoes, enhancing cushioning, rebound, explosive start and rapid response to meet competition needs • Launching outdoor footwear and apparel such as “Mountain Travel ” “Conqueror” and etc to meet kids’ outdoor activity needs and build a full-scenario professional youth sports product portfolio Precise Segmentation to Meet Multi-tiered Consumer Needs • Expanding to 16-year-olds teens with the “Feather Blade” “Drift” basketball shoes , adding badminton, tennis, and outdoor products for a multi -tiered youth sports portfolio • Upgrading apparel functions “protection, flexibility, breathability, warmth and sustainability” for a full -scenario wearing experience Setting a Benchmark in Youth Sports with Dual Engines of High-performance Products and Professional Capabilities “Conqueror” Lightweight Outdoor Shoes 361° Kids Product
Page 29
In 2025, Revenue of 361° Kids Business Reached 2.6 Billion, Accounted for 23.2% of the Group’s Total Revenue 29 361° Kids - Sales Overview 60.2% 39.8% 361° Kids Super Premium Store Mall & department Stores: 1,422 Street Level Stores: 942 Super Premium Stores: 21 The 5th-Generation Stores: 366 The 4th-Generation Stores: 1,861 Other stores: 116 10%-15% 10% 10% 10% Q1 Q2 Q3 Q4 2025 Retail Sales Performance Retail Sales Performance • Retail sales have maintained resilient growth momentum Sales Network • The Group has 2,364 points-of-sale for 361º Kids business in mainland China • The average store size is 124㎡, which increased by 12㎡ compared to the end of 2024 • Capturing emerging consumer trends with differentiated store design and merchandising, and multi-tier store coverage including Super Premium Store and the 5th-Generation Store Channel Mix 0.9% 78.7% 15.5% 4.9% Store Image
Page 30
30 361° E-commerce Operations Overview E-commerce Retail Performance • During major e-commerce festivals such as “618,” “November 11th,” “December 12th”, focused on running, basketball and other professional products, retail sales continue to rise • The brand has now fully integrated with instant retail channels including Meituan Flash Buy, Meituan Group Buy, Taobao Flash Sale and JD Instant Delivery, with over 1,000 stores nationwide participating across more than 160 cities, officially ushering in a new era of instant retail for sports brands Business Positioning • Focusing on all-category mass sports products to build an online–offline integrated digital sports retail channel • Balancing professional performance and trendy appeal to serve as a core growth engine and consumer contact form • Covering multi-tiered consumption scenarios to establish a high-quality, quality-for-money, scenario-based online sports retail platform Business Strategies • Implementing a differentiated online-exclusive product strategy, leveraging major e-commerce platforms to boost conversion and sales • Using e-commerce data to optimise product development, deploying digital warehousing and logistics to enhance the shopping experience • Deepening content marketing and community operations, linking sports events, and expanding cross-border e-commerce for efficient full-scope online penetration E-commerce Product Portfolio • Across omnichannel retail, the proportion of online exclusive products has reached 80% • Differentiating online -exclusive and offline products to leverage e -commerce’s unique value and pricing system 35%-40% 20% 20% High Double-digit Q1 Q2 Q3 Q4 2025 Retail Sales Performance In 2025, Revenue from E-commerce Amounted to 3.3 Billion Accounted for 29.5％ of the Group’s Total Revenue
Page 31
Overseas Channel Network Steadily Expanding • 361º has 1,253 POSs outside mainland China, with a network covering the Americas, Europe, and the “Belt and Road Initiative” regions • 361° international business recorded 125.4% year-on-year increase in retail sales (by sales value), steadily strengthening the overseas market foundation Accelerating Cross-border E-commerce Penetration • 361º leverages cross-border e-commerce to deepen its overseas market presence. In the Americas and Europe, 361º has independent websites and official websites to strengthen online reach • In Southeast Asia, 361º partners with well-known local platforms, using localised operations and differentiated marketing to enhance brand influence • In 2025, cross-border e-commerce maintained rapid growth, with sales volume surging by approximately 200% YoY Overseas Direct Stores and Brand Development • In January 2025, 361º opened first directly operated overseas store in Kuala Lumpur, Malaysia, marking the extension of the brand’s overseas channels from expansion to direct operations. We currently operates 6 overseas direct stores • In December 2025, the first overseas 361º Super Premium Store was opened by a Cambodia customer, with the upgraded store image enhancing brand awareness and reputation 31 361° Overseas Operations & ONEWAY Overview Cambodia Super Premium Store 361º Malaysia Store ONEWAY：From Product Experience to Scene Experience ONEWAY Store • On 9 September 2025, ONEWAY, a Finnish outdoor sports brand, inaugurated the grand opening of its first store in Greater China in Zhengzhou, launching the 2025 Autumn/Winter outdoor footwear and apparel collection, covering three product lines“NUUKSIO, SISU, and LUXE”to meet professional skiing, outdoor, and urban outdoor needs • As of now, ONEWAY has opened 7 offline stores in mainland China (Zhengzhou, Jinan, Xi’an, Beijing, Daqing, Lhasa, and Chengdu), gradually expanding the retail network
Page 32
SUN Yang Brand Ambassador of 361° ZHANG Doudou Brand Ambassador of 361 ° Appendix
Page 33
- 2 0 1 8- - 2 0 1 9- - 2 0 2 0- - 2 0 2 1- - 2 0 2 2- - 2 0 2 3- - 202 4 - UN TUR N JiFeng JOYR IDE+ Archlo ck1.0 UN TUR N Zen Sil ence Ra in Block3.0 BIG3 2.0 3Te ch 1.0 AG1 PRO Flying Fla me 1 AG3 PRO Flying Fla me 3 Furiou s FUTURE 1.5 BIG3 4.0 PRO BIG3 FUTURE PE BIG3 5.0 QUICK PRO Biospe ed FUTURE MIRO NUDE JOKER1 Flying Fla me 4 - 202 5 - Furiou s FUTURE 2 AG6 JOKER2 Flying Fla me 5 33 Excellent Research and Development Capability • As of 31 December 2025, the Group had obtained 1,101 patents and employed 843 R&D personnel • By utilising technology as the primary driver of continuous growth, 361° strives for ultimate professionalismand high quality for money for its products. As supported by materials technology innovation, product matrix expansion, and sports science, the Group continues to introduce new products that will deliver stellar product performances. the Group’s research centre in Wuli Industrial Complex in Jinjiang City of Fujian Province, has advanced R&D capabilities and research facilities. The Group has been recognised with various titles such as a national advanced technology enterprise, national industrial design centre, national prestigious enterprise in intellectual property, “Innovation China” doctoral innovation station China Light Industry Sports Footwear and Apparel Human Factors Engineering T echnology Research Centre and Fujian Human Factors Intelligent T extileMaterials Engineering Research Centre. Relying on multiple national and provincial-level research platforms, we conduct in-depth research in areas such as intelligent sports equipment, structural sports equipment, and functional materials, continuously providing technologicalsupport for product innovation • Guided by the principle of “Boosting Core Competitiveness of Professional Sports through T echnologicalInnovations”, 361° has increased investment in product R&D and rolled out a diversified professionalproduct matrix spanning running, basketball, and other athletic categories In 2025, R&D Expenditure Accounted for 3.4％ of the Group’s Total Revenue Drive Sustainable Growth Through Technological Innovation
Page 34
Group Recognition 34 R&D Brand MarketingCapital Market • The 8th New Fortune Best IR of Hong Kong Listed Company (H Share) • The 16th Hong Kong Listed Companies Investor Relations Management Tianma Award • The 11th Hong Kong Investor Relations Association “Best IR Company”, “Best IR Team”, and “Best IRO” (Small Cap Category) • New Fortune “Best Investor Relations (Hong Kong Listed Companies)” • “2025 Best Investor Relations Management Award” for the inaugural “ESG and Corporate Value Growth” Summit • The 9th China IR Annual Awards “Outstanding Value Creation Award”, “Outstanding Leadership Award” and “Outstanding IR Director Award” • 2025 Top Ten Textile Innovation Products • “Golden Award” and “Silver Award” at the 2025 London Design Awards • German IF Design Award in 2025 • “2025 Honourary Award” at Switzerland FIT Sport Design Award • “Most Influential Designs in the Global Field” at the 2025 MUSE Design Awards • 2025 Annual Sports Industry Marketing Brand by Lanxiong Sports • 2025 Sports Marketing Case of Sports Money • “Emerging Growth Brand of the Year” and “Sports & Outdoor Products of the Year” at the 2025 TBI Top Brand Innovation Awards
Page 35
35 Sustainable Development Environmental, Social and Governance Continuously Driving Green Product Innovation ⚫ 361º launched the official sportswear for the Asian Games Aichi-Nagoya 2026, using recycled polyester and digital printing process, fully meeting Olympic Council of Asia environmental standards and showing the brand’s balance between high performance and sustainability ⚫ 361º launched the second-generation Mass Balance low-carbon environmental running shoes, “Flying Flame 5”, integrating recycled raw materials, biogas processes, and Evonik’s eco-friendly materials to achieve approximately 70% reduction in carbon emissions Actively Fulfilling Social Responsibility ⚫ As the official partner of Asian Winter Games Harbin 2025, 361º provided professional gear for over 10,000 torchbearers, volunteers, and staff, and continues to support ice and snow sports promotion, contributing to the nationwide fitness and sports development strategy ⚫ In response to major emergencies, 361º acted swiftly, donating RMB8 million in cold-weather supplies to the earthquake- stricken areas of Tibet and HKD15 million in cash and supplies following a major fire in Hong Kong Continuously Improving Corporate Governance Structure ⚫ The Group develops a clear sustainability roadmap to systematically improve corporate governance, laying a solid foundation for long-term stable growth, shareholder value creation, and improved ESG ratings ⚫ The Group enhances decision-making efficiency and operational transparency, strengthens ISO internal control systems and compliance information disclosure, and establishes multi-level stakeholder communication mechanisms Environment Society Governance ESG-related Awards ⚫ Gold Seal for the Pilot Programme on Sustainability-related Financial InformationDisclosure ⚫ 2025 Sustainable Brand Models “ResponsibleProduct Award” ⚫ “Annual ESG Innovation Practice Case” at the ESG Sustainable Innovation EcosystemConference ⚫ The 8th China HR Sirius Awards – “Best Employer Brand for Globalised Enterprises”
Page 36
361 Degrees International Limited Total Number of Issued Shares (As of December 31, 2025): 2,067,682,000 Mr. Ding Wuhao Mr. Ding Huihuang Mr. Ding Huirong Mr. Wang Jiabi Mr. Wang Jiachen Public Shareholders 17.03% 36 16.29% 15.67% 8.16% 34.69%8.16% Shareholding Structure
Page 37
Sports and Health Industry Moving Toward High-Quality Development • China’s sports and fitness industry is entering a new “mass, full-cycle, multi-dimensional” stage, with a market size of over RMB5 trillion in 2025, expected to reach RMB5.6 trillion in 2026, and a fitness populationof 416 million • Sports apparel spans running, yoga, outdoor, and commuting, with the segmented market projected to exceed RMB600 billion in 2026, growingat a CAGR of 15% roughly Industry Outlook Industrial Chain and Global Expansion • China has the world’s most complete sports apparel manufacturing system, with clusters in Fujian, the Pearl River Delta, and the Yangtze River Delta, while domestic brands expand rapidly into Southeast Asia, Europe,and the US • As a key link connecting materials, manufacturing, channels, and services, sports apparel drives industry-wide upgradesand value reconstruction Policy-Driven Industry Upgrade • The governmentadvances the national fitness strategy, with the “Guiding Opinion on Promoting High-Quality Development of the Sports-for-Health Business” guiding sports consumption toward higher quality, professionalism, and multi-scenariouse • Policy support offers long-term certainty, shifting the industryfrom scale growth to quality and efficiency Kids’ Apparel Market Potential Accelerating • Economic recovery, supportive fertility policies, and the rise of parent–child sports are driving a boom in childrenand youth sports consumption • Rising parental demand for functional, safe, and stylish kids’ apparel is fueling rapid growth in the professionalchildren’s sports equipmentmarket, becoming a key driver of brands’ second growth curve Technology Empowerment Driving Diverse Demand • Rising demand for functional, professional, and eco- friendly products drives material and process innovation, making technologya core engine for brand differentiation • Advanced foaming-tech, recycled fibers, and smart temperature control enhance comfort and protection, meetingusers’ needs for both sustainabilityand performance Online–Offline Integration Reshaping Consumption Patterns • Brands are building an integrated “product+ content+ service” ecosystem: online drives user reach, communities, and data; offline offers immersiveexperiences,guidance,and events • Omnichannel integration boosts conversion and engagement, helpingsports brands shift from retailers to lifestyleservice providers 1 2 3 4 5 6 37
Page 38
GUAN Yousheng 361° Running Ambassador WANG Jiahao 361° Running Ambassador Q&A