Core Viewpoint - The Pino family is exploring strategic options for the German sports brand Puma, including a potential sale [1] Group 1: Strategic Options - The Pino family is collaborating with advisors and engaging with potential buyers, including Anta and Li Ning, as well as other U.S. sports apparel companies and sovereign wealth funds from the Middle East [1] Group 2: Li Ning's Response - A representative from Li Ning stated that the company has not engaged in any substantial negotiations or evaluations regarding the rumored transaction [1] - Li Ning remains focused on its core development strategy of "single brand, multiple categories, and multiple channels," prioritizing the growth and development of the Li Ning brand [1]