Recently, TOPSPORTS International Holdings Limited reported its interim results for the period ending August 31, 2025. During this period, driven by various factors such as policy benefits, segmentation, and value upgrades, the athletic footwear and apparel industry has broken conventional growth boundaries, revealing diversified development potential. However, retail operations face significant challenges due to fluctuations in the operating environment. In response to market volatility, TOPSPORTS deepened its holistic retail strategy, expanded into diverse segments, and refined its user operations, achieving approximately ¥12.3 billion in revenue and around ¥790 million in net profit, while maintaining solid cash generation, with cash and cash equivalents reaching about ¥2.54 billion, showcasing the company's resilience amidst challenges. Throughout the reporting period, TOPSPORTS continually enriched its new scenario layout under a holistic perspective, shifting from a focus on "scale expansion" to "value cultivation". Digital intelligence construction serves as a crucial support for TOPSPORTS' retail operations, advancing in three key directions: holistic integration, intelligence, and panoramic views. The company places long-term emphasis on balancing supply and demand as well as circulation efficiency, crucial for retail enterprises, enabling rapid responses to market demand changes. In addition to its core athletic retail business, TOPSPORTS is consistently intensifying its focus on diverse segments, aiming to become a "one-stop sports retail operator", continuously expanding its brand "circle of friends" and operational "capability circle" across the entire value chain, becoming the exclusive operator for more brands in the Chinese market. In the face of a rapidly changing market and increasingly diversified consumer demands, TOPSPORTS consistently places consumers at the core of its business, precisely meeting user needs along the three dimensions of "demand matching - scenario penetration - experiential value", building multi-dimensional interactive scenarios, strengthening lifecycle management for members, upgrading the membership tier system, and facilitating multi-platform integration to achieve the unification of rights in holistic scenarios.