Core Viewpoint - Li Ning Company Limited announced the conversion of its publicly offered convertible securities issued on April 22, 2013, at an adjusted price of HKD 3.183 per share, resulting in the issuance of 2,748 new shares with a principal amount of HKD 8,746.884 million [1] Group 1 - The company will convert its convertible securities on January 29, 2026 [1] - The adjusted conversion price for the securities is HKD 3.183 per share [1] - A total of 2,748 new shares will be issued as part of this conversion [1]

Group 1 - The company, Li Ning (02331), announced the conversion of its publicly offered convertible securities issued on April 22, 2013, at an adjusted price of HKD 3.183 per share [1] - The company will issue and allot 2,748 new shares with a principal amount of HKD 8,746.884 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 李寧有限公司 呈交日期： 2026年1月29日 第 1 頁 共 6 頁 v 1.3.0 FF305 B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) 第 2 頁 共 6 頁 v 1.3.0 FF305 確認 根據《主板上市規則》第13.25C條 / 《GEM上市規則》第17.27C條，我們在此確認，據我們所知所信，第一章節所述的每項股份發行或庫存股份出售或轉讓已獲發行人董事會正式授權批准，並遵 照所有適用上市規則、法律及其他監管規定進行，並在適用的情況下： 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | ...

Core Viewpoint - Lingnan University awarded honorary doctoral degrees to six distinguished individuals in recognition of their significant contributions to their respective fields and society [1][2]. Group 1: Honorary Doctorates Awarded - Dr. Ho Ching-huan and Dr. Li Ning received honorary Doctor of Business Administration degrees [1]. - Mr. Lau Cheung-kiang, Chairman of the Hong Kong Jockey Club, was awarded an honorary Doctor of Laws degree [1]. - Professor Tang Tao, an eminent scholar and academic leader, received an honorary Doctor of Science degree [1]. - Professor Wang Anyi, a prominent contemporary writer, and Mr. Donnie Yen, an international kung fu superstar, were awarded honorary Doctor of Humanities degrees [1]. Group 2: Acceptance Speech Highlights - Dr. Li Ning expressed deep honor in receiving the award and gratitude towards Lingnan University for the recognition [2]. - He acknowledged the long-term contributions of the other awardees in various fields, including economic development, public governance, technological innovation, and cultural dissemination [2]. - The university, established in 1888 in Guangzhou, is currently led by President Qin Sizhao and overseen by Supervisor Lee Ka-chao [2].

(2026米兰冬奥会中国体育代表团室内领奖鞋 赤兔9 ULTRA SE ) 2026年1月27日，2026年米兰冬奥会中国体育代表团成立动员大会在北京召开，标志着中国体育代表团 正式成立。此次中国体育代表团由286人组成，其中运动员126人，工作人员160人，将参加7个大项的15 个分项91个小项的比赛，是我国冬奥会境外参赛项目最多、运动员规模最大的一届。出席动员大会的中 国体育代表团成员身着李宁品牌提供的专业运动装备亮相。为让体育精神突破赛场边界，中国体育代表 团同款联名产品即日起将在李宁官方线上、线下渠道同步发售，首次实现中国体育代表团同款联名产品 与消费者的"零时差"同步上市。 作为中国奥委会官方合作伙伴，李宁品牌以专业运动装备全方位支持、保障中国运动健儿的米兰征程。 在动员大会上，运动员身着李宁品牌打造的室内领奖服亮相，以"中国红"为主色调，主身与侧幅分别采 用弹力经编面料及高弹肌理面料，使得整体挺阔舒适，展现运动员在领奖时刻的庄严与荣耀；领奖服拉 头细节处巧妙采用中国传统吉祥寓意纹样"双胜纹"，该纹样由两个菱形交叠穿插而成，蕴含着胜利、祥 瑞、同心共赢等美好寓意，并在此基础上衍生出"双胜雪花纹"，运 ...

李宁进一步表示，此次获颁荣誉博士学位的6人都在各自的领域长期深耕。他们的卓越实践与持久贡 献，为经济发展、公共治理、科技创新、人文关怀与文化传播等领域带来了积极而深远的影响。(完) 此次获颁授荣誉博士学位的6人及其学位分别为香港赛马会主席廖长江获荣誉法学博士学位、广州南方 学院校长汤涛获荣誉理学博士学位、香港霍英东集团行政总裁霍震寰与李宁品牌创始人李宁获荣誉工商 管理学博士学位、中国当代作家王安忆与香港演员甄子丹获荣誉人文学博士学位。 李宁作为荣誉博士代表致辞时表示，衷心感谢岭大授予的崇高荣誉。未来他将深耕体育事业，让体育精 神在更多青少年心中薪火相传，为教育发展和社会公共事业贡献绵薄之力。 中新网香港1月27日电 岭南大学(以下简称"岭大")26日在香港举行荣誉博士颁授典礼，岭大校董会主席 姚祖辉向香港霍英东集团行政总裁霍震寰、李宁品牌创始人李宁、香港演员甄子丹等6人颁授荣誉博士 学位，以表彰他们在各自专业领域作出的卓越贡献。 1月26日，岭南大学向香港霍英东集团行政总裁霍震寰、李宁品牌创始人李宁、香港演员甄子丹等6人颁 授荣誉博士学位。图为6位荣誉博士与颁奖嘉宾合照。(岭南大学 供图) ...

今日早盘下跌我们判断主要是资金面因素，基本面来看： 1）流水数据短期没有异常，之前多次沟通1月整体数据会是下滑趋势，尤其1.18-1.29期间直接对应去年春节高基 数，跌幅会比较大，也是预期内的，目前来看各个品牌都呈现这个趋势，2月会开始高增，因此建议观察1+2月合 计情况，或春节农历对农历情况。 李宁异动反馈国金纺服杨欣 1）流水数据短期没有异常，之前多次沟通1月整体数据会是下滑趋势，尤其1.18-1.29期间直接对应去年春节高基 数，跌幅会比较大，也是预期内的，目前来看各个品牌都呈现这个趋势，2月会开始高增，因此建议观察1+2月合 计情况，或春节农历对农历情况。 2）龙店没有任何利空数据，1.16那周为了配合大秀三里屯慢闪已改为中国李宁快闪（开业之前就规划好的），2 月会改回龙店，因此近期没有新的数据。 截至1.16龙店慢闪月销已达到160万，远超同业水平；其他龙店快闪表现符合预期。 整体我们判断可能是部分资金太关注近期高频数据导致错杀，以及新消费龙头回暖吸引资金调仓，因此建议继续 关注，把握错杀机会。 2）龙店没有任何利空数据，1.16那周为了配合大秀三里屯慢闪已改 李宁异动反馈国金纺服杨欣 今日早盘下 ...

香港岭南大学26日举行荣誉博士颁授典礼，向李宁和王安忆等6人颁授荣誉博士学位，以表彰他们在其 专业领域的卓越成就，以及对社会福祉作出的贡献。 在典礼上，霍震寰和李宁获颁授荣誉工商管理学博士学位；香港赛马会主席廖长江获颁授荣誉法学博士 学位；学者汤涛获颁授荣誉理学博士学位；作家王安忆和演员甄子丹获颁授荣誉人文学博士学位。 李宁说，岭大以"作育英才，服务社会"为校训，多年来培养了大量优秀人才，学校对博雅教育的推崇与 践行也让他深受触动。此次被授予荣誉博士学位，对他而言既是鼓励，更是一份新的责任，未来将尽己 所能促进"体育"与"教育"形成合力，为教育发展和社会公共事业贡献力量。 来源：新华社 作者: 张雅诗 郭鑫 王安忆出席荣誉博士颁授典礼，她获颁授荣誉人文学博士学位。新华社发（吕小炜摄） 1月26日， 李宁代表各荣誉博士致谢辞表示，各人在各自领域长期深耕，为经济发展、公共治理、科技创新、人文 关怀与文化传播等领域带来了积极而深远的影响。 ...

Investment Rating - The industry investment rating is "Positive" and maintained [7] Core Insights - December orders for sports footwear and apparel showed a month-on-month decline, indicating that the overall industry has not yet reached an inflection point. Retail performance in the US and UK remains resilient, while demand in other regions is stagnant. The decline in the US consumer confidence index has not yet impacted brand and upstream performance, primarily due to growth being driven by high-end consumption, with mass apparel consumption still expected to recover [2][4][21] - Vietnam's footwear and apparel exports improved significantly in December, while China continues to face pressure. The upstream manufacturing sector is expected to have stronger earnings certainty in the first half of 2026, with a clear direction for recovery in the downstream sports supply chain. Brand apparel revenues are expected to fluctuate in Q4 2025, with profitability anticipated to recover in 2026 [2][5][29] Summary by Sections Manufacturing Performance - In December, the revenue performance of footwear manufacturers showed a year-on-year decline, with specific companies reporting: - Yuanyuan Group: -3.7% YoY, -1.3 percentage points MoM - Fengtai: -0.6% YoY, +11.2 percentage points MoM - Zhijiang International: -2.8% YoY, -5.9% MoM - Yuchi-KY: -2.2% YoY, -8.8% MoM - For apparel manufacturers: - Ruhong: -3.6% YoY, -5.1% MoM - Juyang Industrial: -9.2% YoY, -9.7% MoM - Guangyue: +9.7% YoY, -22.1% MoM [4][16][29] Demand Analysis - Retail performance in December showed resilience in the US and UK, while other regions experienced stagnation. The US consumer confidence index continues to decline, which has not yet reflected in brand and upstream performance. The growth is mainly driven by high-end consumption, with mass apparel consumption still expected to recover [2][21][26] Recommendations - The report recommends focusing on upstream manufacturing, as the performance in the first half of 2026 is expected to be more certain. The recovery direction of the sports supply chain is clear. Key recommended stocks include: - New Australia Holdings, Crystal International, Shenzhou International, and Yuanyuan Group - Attention should also be given to high-elasticity stocks like Nobon and Jeya, as well as undervalued stocks with strong safety margins like Taihua New Materials and Lutai A [5][29][30]

Core Insights - The article narrates the tragic life of Li Jingwei, a once-prominent figure in China's beverage industry, who faced legal troubles and died with a criminal label despite his significant contributions to the industry [1][11]. Group 1: Li Jingwei's Achievements - Li Jingwei transformed a struggling brewery into a leading national brand by creating China's first electrolyte sports drink, Jianlibao, in 1984 [2][3]. - He sponsored the Chinese Olympic team for the Los Angeles Olympics, which significantly boosted the brand's visibility and sales, leading to annual revenues exceeding 5 billion yuan by 1997 [3]. - Li played a crucial role in the rise of the Li Ning brand, helping to establish it as a leading name in sports apparel during the 1990 Beijing Asian Games [4][6]. Group 2: Legal Troubles and Downfall - In 2011, Li was convicted of embezzlement, receiving a 15-year prison sentence, although he spent his time in a hospital due to health issues [1][2]. - The legal case against him stemmed from allegations of misappropriating over 10 million yuan in employee welfare funds for personal insurance [1][2]. - His downfall is attributed to systemic issues within the state-owned enterprise framework, where he lacked true control over Jianlibao despite his managerial success [8][9]. Group 3: Legacy and Reflection - Li's story reflects the struggles of early Chinese entrepreneurs who faced challenges from rigid institutional frameworks, leading to personal and professional tragedies [11][13]. - His experiences highlight the contrast between market-driven success and the constraints imposed by state ownership and bureaucratic systems [6][11]. - The narrative serves as a cautionary tale for contemporary entrepreneurs, illustrating the complexities of navigating both market opportunities and regulatory environments [14].