2025 ANNUAL L I RESULTS N I N G C O M P A N Y L I M I T E D (INCORPORATED IN THE CAYMAN ISLANDS WITH LIMITED LIABILITY) STOCK CODES：2331 (HKD counter) and 82331 (RMB counter) DISCLAIMER 免責聲明 This presentation incorporates information contained in the annual results announcement (the "Results Announcement") for the year ended 31 December 2025 of Li Ning Company Limited (the "Company"). This presentation should be read in conjunction with the Results Announcement and is qualified in its entirety by the more d ...