Ding Shizhong, Chairman of the Board of ANTA Sports Group: Full of confidence in Puma's management team and supports the strategic transformation plan it is advancing.

ANTA Group announced today that it has completed the acquisition of a 29.06% equity stake in PUMA SE, the company behind the sports brand PUMA, for a cash consideration of EUR 1.5055 billion, and has obtained approval from all relevant regulatory authorities and satisfied customary closing conditions. ANTA Group has officially become the largest shareholder of PUMA. Ding Shizhong, Chairman of the Board of ANTA Group, said: "We are very pleased to become the largest shareholder and an important strategic partner of PUMA. Currently, the global sporting goods market continues to develop steadily under the dual drivers of increased sports participation and growing consumer demand, containing enormous opportunities. ANTA Group is a multi-brand enabling enterprise. The value of a multi-brand strategy lies in activating the value and potential of these outstanding brands through group empowerment. We believe PUMA's brand heritage and value are highly attractive. We are full of confidence in PUMA's management team and support the strategic transformation plan it is advancing. As a long-term investor, we will empower the PUMA brand with our retail and operational expertise, fully unlock its brand value and development potential, and create long-term value for consumers worldwide."