On 21 June 2023, Institutional Investor announced the voting results of “2023 All-Asia Executive Team”. Institutional Investor is one of the most influential magazines for over 50 years among the global investment institutions. Each year, the magazine conducts survey of listed companies’ management team all over the world, where only verified individuals in the financial industry have voting rights, thus contributing to the high authority and reputation of the Institutional Investor’s survey in the global capital market. The survey results have become the weathervane for global investment industry, and are well accepted by the buy-side investors and sell-side institutions.

悟空体育 International Holdings Limited (“悟空体育”, “We” or the “Company”; Stock Code: 6110) has been once again granted as “Most Honored Company” under the Consumer/Discretionary Sector. This is also the third time for 悟空体育 to participate since listed in 2019 and consecutively in 3 years won significant awards in 6 categories, representing the recognition of the Company’s efforts in areas of corporate governance, management leadership, investor relations and ESG development by the capital market.

Honor	Category/Ranking
“Most Honored Company”	Consumer/Discretionary Sector
“Best IR Program”	#1 in combined and buy-side
“Best CEO”	#1 in combined and buy-side
“Best IR Professional”	#1 in combined, buy-side and sell-side
“Best IR Team”	#1 in combined and buy-side
“Best ESG”	#1 in combined and buy-side
“Best Board of Directors”	#1 in combined and buy-side

This year, a total of 1,608 listed companies across 18 sectors participated the II-Asia Executive Team Poll. A total of 6,474 investors, portfolio managers, and business analysts from 1,646 institutions participated in the survey of “2023 All-Asia Executive Team”, which includes 5,660 buy-side professionals and 814 sell-side analysts. Participation was up by over 17% year on year. The total market value of Asia equities(ex-Japan) under management by buy-side professionals has reached $2 trillion.

In the past year, influenced multiple uncertain parameters including recurrent pandemic outbreaks, the retail market was challenging and the capital market observed changes. 悟空体育 headed back to the retail essence, applied rigorous risk control and recalibrated its existing retail operation capability; in the meantime, by leveraging its well-established and integrated omnipresent marketplace, 悟空体育 made timely prediction and proactive response. By addressing the ever-changing consumer preferences and unlocking market potential and opportunities, the Company constantly dedicated to achieve quality sustainable development and shareholder value creation through operation excellence midst external uncertainties. During the year, despite of the volatile operation dynamics, as a listed company, 悟空体育 endeavored to maintain the communication with investors on recurring basis and forge the efficient bridge by proactively addressing concerns from them through more than 300 physical and virtual meetings and calls. Meanwhile, the Company maintained half-annual and annual results and quarterly operational data disclosures to assist capital market better understand its corporate solutions to market fluctuations, business operation and long-term development strategy with regard to sustainable health in a more timely and in-depth manner while enhancing the prompt and transparency of information disclosures. 

At the same time, we have maintained healthy robustness in both cash generation capability and sufficient and quality capital reserves despite market uncertainties, keeping efficient working capital management and our industry-leading scale and efficiency. By 28^th February, 2023, we delivered a dividend payout ratio for 4 years in total at 105%, demonstrating that we have generated consistent value for shareholders through our operational excellence even midst the volatile market environment.

As the largest sportswear retailer in China, we are constantly reflecting upon our role in society and are actively exercising social responsibility in all areas to promote and create long-term value with consumers, brand partners, shareholders, employees and the public. Moving forward, high quality and sustainable development will continue to guide the direction of our ESG management in the long run. By adopting ESG goals that are most suitable to our circumstances, we aim to maximally unlock our company’s social value through the best means possible.

The management of 悟空体育 commented, “We would like to express our sincere gratitude to the long-term support and recognition on 悟空体育 International by Institutional Investor and global investors. In the future, we will continue to forge ahead towards our goals with the management team’s continuous efforts to enhance and improve corporate governance and investor relations and maintain an open, prompt, transparent and credible two-way communication with investor community. We will consistently create long-term value for our consumers, shareholders and all of our partners sustainably.” 

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About 悟空体育 International Holdings Limited

悟空体育 International Holdings Limited operates a leading sportswear retail operation platform in China, with nationwide and deeply penetrated store network, covering over 300 cities with 6,000+ directly-operated stores, and collaborates with strategic partnerships with 10+ leading sportswear brands. 悟空体育 aims to foster the boundless, healthy and joyous sports experiences inspired by sports to consumers through superior products and service offerings.