361度2025年环境、社会与治理（ESG）报告 2025

1｜

｜

22025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORTContent03

ABOUT361°05

2025HIGHLIGHTS07

CHAIRMAN'S

MESSAGE09

ABOUTTHE

REPORT15

SUSTAINABLEGOVERNANCE

PRACTICE21OPERATIONAL

EXCELLENCEAND

PRODUCT

RESPONSIBILITY38

HIGH-QUALITYCUSTOMERSERVICE43

ADDRESSINGCLIMATECHANGE51

UPHOLDING

ENVIRONMENTALCOMMITMENTS59

COMPLIANTAND

HARMONIOUS

EMPLOYMENT

ENVIRONMENT67

FULFILLINGSOCIAL

RESPONSIBILITY71

APPENDIX75

REPORT

INDEX01

｜ContentContent｜022025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORTABOUT361°Founded

in2003and

listed

in2009

(1361.

HK),361°

is

oneofChina

Istopcomprehensivesport

brands

.Ourbrandmatrix

boasts

four

segments:361°Sports,361°

Kids,361°E-commerce

and361°

International.Over

the

recent

years,we

have

been

honingourexpertiseandofferingamazingproductsworldwide,especiallyamongyoungpeople.Meeting

consumerneedsthroughourbrandand

productvaluesgives

usmomentumtogrowsteadilyandsustainablytotacklethe

fiercecompetition.

Inthisway,wemayspreadourbrandculturebetterandignitegreater

publicinterest

insports

.Sinceitsinception,361°hassteadfastly

adheredto

its

brandspirit

of"ONE

DEGREE

BEYOND,"

relentlessly

pursuing

itscorporatevisionof"becomingagloballyrespectedsportsbrand."

Itoperates

multiple

business

lines

.361°Sportsexpandsitsproductmatrix

around

corecategoriessuchasrunning,basketball,comprehensivetrainingandsportslifestyle,hasbuilta

presence

in

badminton,

a

newsportssectorfortheCompany,strivingtoprovideprofessionalandstylishsportsgearforsportsenthusiastsandprofessionalathletes;it

meetsusers

Idiverse

needsfor

healthand

exercise

whilecontinuouslyenhancingconsumerexperience.361°

Kids

continuouslyintensifiesitseffortsinthefieldofchildren

Isandadolescentsports,particularlyexcellingin

mainstreamadolescentsportssuchas

jumprope,basketball,soccerand

running;itofferschildrenandadolescentsgearthatcombines

technologywithprofessionalism,promotingthedevelopment

ofchildren

Isandadolescentsports

.361°

Internationalfocuses

ontheglobalmarket,withsubsidiariesintheUnitedStates,Europe,

MalaysiaandSouthAmericatoexpanditsdistributionbusiness

.So

far,361°

has

earned

a

good

professionalreputationwithitsnumeroushigh-endfootwearproducts

and

globallyrenownedcutting-edgetechnologies

.361°fully

supported

the2016

Rio

Olympic

Games

andParalympic

Games

as

China

Is

first

brand

in

this

aspect.361°

hasbecometheofficialpartneroffourconsecutiveAsianGamesfrom2010

(16th

Asian

Games

Guangzhou)to

2022

(19th

AsianGames

Hangzhou).

Leveragingits

brandexperience,the

brand

aimsto

becomeauniqueculturalsymboloftheAsianGames

.

ItwillalsosponsortheninthAsianWinterGamestobe

held

in03

｜ABOUT361°Harbinin2025,thuscontributingtothevigorousdevelopmentof

ice

and

snow

sports

.What

Is

more,361°sponsored

othermajor

events

such

as

Universiade

Shenzhen2011,YouthOlympic

Games

Nanjing2014,China

Table

Tennis

Super

Leaguefrom2009to2013and

China

Volleyball

Super

League

from2010to2015.361°boasts

professional

products

and

rich

industryexperience.Ithasprovided

professionalsports

equipmentfor

28nationalOlympiccommitteesaroundtheworld,inaddition

tomultipleChinesenationalteamsand

professionalteams

.Apartfrom

joininghandswithChinesenationalteamssuchas

NationalSwimTeam,

National

HockeyTeam,

NationalCycling

Team,

NationalTriathlonTeamand

NationalWomen

IsWaterPoloTeam,ithasestablished

long-termtieswiththeWorldAquatics

.

In

this

way,361°showcases

the

strength

of

a

Chinesesportsbrandtotheworld.Adheringtothebrandstrategyof"InnovatewithTechnology,Lead

with

Brand,"361°

has

been

deeply

engaged

in

core

sportscategoriesincludingbasketball,runningand

comprehensivetraining.Throughtechnology-enabledproductinnovation,it

createsproductsthatintegrateaestheticsandtechnological

innovation.361°hasprovidedprofessionalsports

gearforathleteslike

NikolaJokic,AaronGordon,Spencer

Dinwiddie,Li

Zicheng,Guan

Yousheng,

Li

Yuan,Jiang

Wenwen,andJiangTingting,

Ithasbuiltan

in-depth

presence

inthesports

lifestylesectorbysuccessivelysigningpopularathletes,includingswimmerSunYang,gymnastZhang

Doudou,skateboarderGaoQunxiang,andyoungactorAo

Ruipeng.ThishascontinuouslyenhancedthebrandIs

popularityand

influenceamongyoungdemographics

.361°alsoactivelycapturesemergingconsumptiontrendsandcontinuouslyexploresnewapproachesin

IP

marketing.

Itscollaborations

with

popular

IPs,suchasTheThree-Body

Problem,

Pepsiand

Bored

Ape

Yacht

Club

(BAYC),

have

garnered

widespreadrecognitionfromboththeindustryandconsumers

.Furthermore,361°hasforgedastrategicalliancewithStandard

Robotstoembarkonanew

journeyofintelligent

brandevolution.Ithasalso

partneredwithTianjin

UniversityofSporttoestablishanindustry-university-researchinnovation

platform.Theseinitiativesarededicatedtodeliveringhigher-

performance,technology-drivenproductstoconsumers

.Of

course,361°never

forgets

what

it

ought

to

do.Over

theyears,toputthe"Love

Program"into

practice,

our

loveoutreachhastotaledmorethan100

millionyuan

informsof

cash

and

kind.

First

of

all,we

aided

more

than140,000childrenfromimpoverishedmountainareasintheirgarments

andshoesthroughthe"OneCaresOne"

projectwithChinaFoundationforPovertyAlleviation.Second,wedonatedallthe

salesofrelevantnewproductsto

ChinaYouth

DevelopmentFoundationviacooperationwithChinaCottonIndustryAlliance.WhentheCOVID-19

pandemicerupted,wesenttens

ofmillionsofcashandothersuppliestoChinese

placessuchas

Hubei,Jilinand

Fujian.

In

responseto

naturaldisasterssuch

asfloods,earthquakesandfirein

Henan,Shanxi,the

Beijing-

Tianjin-Hebei

region,Gansu,theXizangAutonomous

Regionand

Hong

Kong,361°

has

promptlydonatedcashandsupplies

worthtensofmillionsofyuantosupportdisasterreliefefforts

.Bornoutofpassionandmarchingtowards

a

brightfuture,361°hasfullyembarkedonan

upwardtrajectory.

Goingforward,itwillupholditsbrand

mission

of

"EmpoweringAllThrough

Performance:

High-QualitySportsGearfor

Everyone"

andadheretoitscorevaluesof"Loyalty,

Pragmatism,Collaboration,Efficiency."By

blendingtraditionwithinnovationandutilizingexpertisetodrivetechnologicaladvancements,361°willleverageitsbrandstrengthtosupport

thehigh-qualitydevelopmentofChina

Issportsindustry.361°is

a

constituent

of

the

Hang

Seng

Composite

Indexseries,aswellastheShanghai-Hong

KongStockConnect

andShenzhen-Hong

KongStockConnect.

For

moredetailedinformation,pleasevisitthecompany

Iswebsite:www.361sport.c.2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORTABOUT361°

|

04The16th

China

Listed

Companies

Investor

Relations

Management"Tianma

Award"Presented

by:People's

Daily,Securities

TimesNew

Fortune8th

Best

IR

Hong

Kong–ListedCompanyAwardPresented

by:

New

Fortune2025Sustainable

Brand

Model"Responsible

Product

Award"Presented

by:

Huxiu20258thChina

Human

ResourcesSiriusAward

"Best

Employer

Brand

for

Global

Enterprises"Presented

by:Moka,Beijing

Institute

for

General

Artificial

Intelligence,

HRflagGoldAwardoftheSustainableFinanceDisclosurePioneerProgrammePresented

by:Hong

Kong

Quality

Assurance

Agency(HKQAA)ESGSustainable

Innovation

EcosystemConference"Annual

ESG

Innovation

PracticeCase"Presentedby:SouthernMetropolis

DailyThe11thHongKongInvestor

RelationsAssociation

Investor

RelationsAwards2025(The

"Best

IRCompany",the"Best

IRTeam",the"Best

IRO")Presented

by:Hong

Kong

Investor

Relations

AssociationRanked54thamong

Fujian

ProvinceTop100PrivateEnterprisesPresentedby:

theFujianProvincialFederationofIndustry

and

CommerceRanked34thamongFujianProvinceTop100

Private

Manufacturing

EnterprisesPresentedby:

theFujianProvincialFederationofIndustry

and

CommerceRanked48th

among

Fujian

Province

Top100Innovative

Private

EnterprisesPresentedby:theFujianProvincialFederationofIndustryandCommerce05

｜2025

HIGHLIGHTS

2025

HIGHLIGHTS｜062025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT2025HIGHLIGHTS361°hasconsistentlymaintainedthatacompany'sabilitytoachieve

steady

and

sustainable

growth

depends

not

solely

on

short-termfinancial

performance,but

on

whether

responsibility,efficiency

andinnovation

are

embedded

into

every

aspect

of

its

daily

operations.Wehaveestablishedsustainabledevelopmentasacorevalueand

an

integral

component

of

our

long-term

strategy.Guidedbythesharedspiritof"ONEDEGREEBEYOND",weensurethatthis

commitmentisreflectedinproductdevelopment,operationalmanagement

and

concrete

actions,gradually

translating

it

intoresilient

and

enduring

long-term

value.In

an

external

environment

shaped

by

the

intertwined

evolutionof

climate

change,regulatory

requirements

and

industrialupgrading,we

maintain

a

clear

understanding

of

the

complexityandseverityof

thechallenges,whilealsorecognisingthedevelopmentopportunitiesarisingfromtransformation.TheBoard

continues

to

integrate

ESG

and

climate-related

matters

into

the

Company's

governance

and

risk

management

framework.Through

mechanisms

such

as

double

materiality

assessment,we

enhance

the

focus

of

resource

allocation

and

clarify

managementpriorities,ensuring

that

the

Company

maintains

strategic

resilience

in

a

dynamic

market

environment

and

advances

high-qualitydevelopment

with

steady

and

disciplined

progress.BuildingResilienceforaChangingWorldThe

low-carbon

transition

is

inherently

long-term

and

systemic,requiringcontinuousadvancementandrefinementwithintheoverall

operational

framework.We

have

steadily

promoted

theintegration

of

green

manufacturing

and

smart

manufacturing,enhancingproductionefficiencyandmanagementtransparencythrough

digital

systems

and

lean

management

mechanisms.Indoing

so,energy-saving

and

emissions-reduction

requirementsareembeddedintodailymanagementprocessesinatraceableandmeasurablemanner.

Atthesametime,wehaveadvancedthe

adoption

of

clean

energy

and

the

development

ofsupporting

facilities

in

an

orderly

manner.Initiatives

such

as

theimplementation

of

the"5G+Smart

Factory"project

and

rooftopphotovoltaic

installations

at

our

production

bases

have

furtherstrengthened

the

efficiency,operational

stability

and

sustainabilityof

our

manufacturing

system.We

position

our

practical

experience

within

a

broader

industryframeworkbyparticipatinginnationalstandardinitiativesrelated

togreenhousegasmanagementsystems.Workingcollaborativelywith

value

chain

partners,we

contribute

to

the

refinement

ofmethodologicalframeworksandtheoptimisationofmanagementmechanisms,enhancing

the

operability

and

scalability

of

relevantsystems.Through

these

efforts,low-carbon

transformation

extends

beyond

individual

corporate

action

and

gradually

evolves

into

amore

widely

grounded

industry

consensus.AdvancingInnovationAlongsideSustainabilityWebelievewhetherinnovationcangeneratelong-termvaluedepends

on

its

ability

to

balance

professional

athletic

performancewith

effective

environmental

impact

management.Over

thepastyear,wehavecontinuedtointegrategreenprinciplesintoour

research

and

development

framework

and

manufacturingprocesses,advancing

the

optimisation

and

upgrading

of

materialsand

production

techniques

so

that

product

enhancement

andenvironmental

responsibility

progress

in

alignment.CQT

matrixphysical

foaming

technology

has

been

widely

applied

in

footwearmaterials,alongside

the

adoption

of

more

environmentallycompatible

process

options

such

as

fluorine-free

water-repellenttreatments,furtherstrengtheningtheintegrationofproductexcellence

with

sustainable

principles.GivingBackthroughthePower

ofSportBorn

from

sport,361°continues

to

extendthespiritof

sportintobroadersocialcontexts.Overthepastyear,theCompanyhas

continued

to

develop

and

operate

its

proprietary

event

andcommunity

IPs,supporting

participation

and

growth

in

roadrunning,basketballanddiversesports.Throughinitiativessuchas"RisingStars

Arena",wepromoteyouthsportsparticipation

andcreate

more

accessible

sporting

opportunities

for

families

andschools,fostering

the

development

of

healthier

lifestyles.

As

sportbecomesmoreintegratedintoeverydaylife,thevaluesitembodies,

includingperseverance,respectandaspiritofprogress,arefurtherconveyed

across

wider

communities.LookingtotheFutureLooking

ahead,we

will

remain

committed

to

our

sustainabilitydirection

and

deepen

our

green

transformation,furtherstrengtheninggovernancecapabilitiesandintegratingESGandclimate-related

matters

more

systematically

into

business

decision-makingandmanagementprocesses.

Atthesametime,wewillcontinue

advancing

green

product

and

manufacturing

upgradesthroughongoingtechnologicalinnovation,whileenhancingcollaboration

with

our

supply

chain

and

relevant

partners,translating

responsibility

into

actions

that

are

concrete,measurable

andsustainable.Finally,onbehalfof

theBoardofDirectors,wewouldliketoexpressour

sincere

appreciation

to

our

shareholders,partners

and

allemployees

for

their

long-standing

support

and

trust.Lookingahead,guidedbythespiritof"ONEDEGREEBEYOND",wewillremain

steadfast

amid

change

and

continue

strengthening

ourcapabilities

through

transformation,advancing361°toward

higher-quality

and

more

sustainable

development,and

laying

a

solidfoundation

for

the

creation

of

long-term

value.ChairmanDINGHuihuang24

March2026CHAIRMAN'SMESSAGEDearShareholders,Partners,Employees,andAllStakeholders,07

｜CHAIRMAN

IS

MESSAGE

CHAIRMAN

IS

MESSAGE

｜082025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORTBoardStatementTopromotetheeffectiveandorderlyadvancementof

theGroup'ssustainabledevelopmentinitiatives,wehaveestablishedanESGgovernanceframeworkcomprisingtheBoardofDirectors,themanagementteam,andfrontlineexecutionstaff,withclimate-related

mattersincorporatedintounifiedoversight.Withinthisframework,the

Boardservesasthehighestdecision-makingandsupervisorybodyfor

theGroup'ssustainabledevelopment.Itisresponsibleforformulating

sustainabilitystrategiesandobjectives,identifyingandassessingESG

andclimate-relatedrisksandopportunities,leadingsustainability-relateddecisions,andregularlyreviewingandoverseeingthemanagementofmaterialissuesandprogresstowardsrelevanttargets.TheBoardadoptsacomprehensivemanagementapproachtooversee

and

make

decisions

on

the

Group's

ESG

and

climate-relatedmattersandassumesultimateresponsibilityforsuchmatters.TheGroupconvenesatleastoneBoardmeetingannuallytodiscusssustainabilityandclimatechange-relatedissues,ensuringthatallDirectorsremaininformedofthelatestESGregulatoryrequirementsandleadingindustrypractices.Thisenablestheeffectiveintegrationof

thesustainabledevelopmentstrategyintotheGroup'scorebusinessoperationsanddecision-makingprocesses.Duringkeyperiods,suchasupdatestopoliciesandregulatoryrequirements,relevantinformationiscommunicatedtotheBoardandmanagementontime

toensurethattheirskillsandcompetenciesremainuptodate.TheGroup'smanagementteamisresponsibleforconductingdetailed

analysesof

theESGandclimatechange-relatedrisksandopportunities

identifiedbytheBoardandforformulatingcorrespondingactionplans.Themanagementteamoverseesrelevantmattersbyproviding

analysis,recommendationsandupdates,andreportsannuallyontheachievementofESGandclimate-relatedtargetsforreviewbythe

BoardorrelevantBoardcommittees.ThisensuresthattheBoardisabletoexerciseeffectiveoversight,makeadjustmentswherenecessaryandfacilitatetheimplementationofrelatedpoliciesandthe

achievementofobjectives,whileprovidingfrontlineexecutionstaffwiththenecessaryresourcesandsupport.Frontlineexecutionstaff

diligentlyandefficientlycarryouttheirassignedresponsibilitiesto

achievetheGroup'ssustainabilityobjectives.TheBoardmonitorsESGperformanceand

related

risksthroughvariouschannels,includinginternalreports,industryresearch,externalreports,andstakeholderfeedback.TheCompanySecretary,the

Group

Legal

Centre,and

the

Audit

Centre

are

responsible

forregularlyprovidingtheBoardwiththelatestcomplianceinformation.ABOUTTHE

REPORT｜

10ABOUTTHEREPORTThis

is

the2025Environmental,Social,and

Governance("ESG")Report(the

"Report")of361

Degrees

International

Limited(hereinafterreferred

to

as"the

Group","we","361Degrees",or"361°").

It

discloses

the

Group's

management

approaches

and

performance

concerningsignificant

environmental

and

social

issues

for

the

fiscal

year

ending

December31,2025(referred

to

as

the"Year"

or"Reporting

Period").

This

Report

is

available

in

both

Chinese

and

English

versions.

In

the

event

of

any

discrepancies

between

the

two

versions,the

Englishversionshallprevail.TheGroupadoptsanoperationalcontrolapproachand,inaccordance

with

theprincipleofmateriality,defines

thedisclosureboundaryof

thisreport

tocover

theperformanceandmanagementpoliciesofitsprincipaloperatingentities,including

theGroup'sofficesintheHongKongSpecial

AdministrativeRegion("HongKong")anditsofficesandmanufacturingfacilitiesin

theUnitedStates,Europe(theNetherlands),Malaysia,BrazilandthePeople'sRepublicofChina("PRC").AstheGroup'sprimaryproductionbasesarelocatedinChineseMainlandandtheproportionof

environmentalandsocialdataattributabletoentitiesinHongKongandotheroverseasregionsisrelativelyminimal,performancedatadisclosedinthisReportcoveronlytheChineseMainlandentitiesandexcludethoseinHongKongandotherregions.ThisReportadherestotheESGReportingCode(AppendixC2)of

the

Listing

Rulesof

the

Hong

Kong

ExchangesandClearingLimited(HKEX).Italsomakesreferencetothe

ImplementationGuidanceforClimate

Disclosuresunder

HKEX

ESGreportingframework,andInternationalFinancialReportingStandardS2-Climate-relatedDisclosures(IFRSS2).It

hasbeenpreparedbasedontheprinciplesof"Materiality","Quantitative","Balance",and"Consistency",consideringtheactualcircumstancesof

theGroup.If

youhaveanycommentsorsuggestionsregardingthisReport,youarewelcometocontacttheGroupatthefollowingaddressorbyemail:Address:Room1609,16/F.,OfficeTower,ConventionPlaza,1

Harbour

Road,Wanchai,China

Hong

KongEmail:361degrees.esg@361spo2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORT

2025ENVIRONMENTAL,SOCIALANDGOVERNANCEREPORTReportingGuidelinesReportingScopeFeedback09

｜ABOUTTHE

REPORTStakeholdersExpectationsandConcernsCommunicationChannelsGovernmentand

Regulatory

AuthoritiesShareholdersEmployeesCustomersSuppliersDistributorsandAuthorised

RetailersCommunityand

the

PublicCompliancewithlawsandregulationsBusinessethicsOccupationalhealthandsafetyESG

risk

managementReturnoninvestmentCorporategovernanceBusinesscomplianceCompensationandbenefitsOccupationalhealthandsafetyTrainingopportunitiesCareerdevelopmentProductqualityassuranceConsumerexperienceEco-friendlymaterialsandcircularinitiativesTechnologicalinnovationFairandtransparentprocurementmanagementWin-wincooperationProtectionofintellectualpropertyrightsEnhancementof

wasterecyclinginretailstoresImprovementinproductqualityanddesignStrengthenedmarketingeffortsBusinessprofitabilityDevelopmentof

sportsinitiativesCommunitycontributionRegulatorycompliancereportingRegular

reportsReportsandannouncementsGeneral

meetings

and

investor

briefingsCorporatewebsitePerformanceappraisalsRegular

meetings

and

training

sessionsEmails,notices,circulars,hotline

and

team-buildingactivitiesCustomersatisfactionsurveysCustomerservicehotlineandemailMedia

briefingsCorporatewebsiteOpen

tender

processesContractsandagreementsTelephonediscussionsOn-site

visits361°brand

trade

fairsCommunicationwithretailchannelmanagementdepartmentsRegularmeetingsCorporatetrainingprogrammesPubliceventsandmarketingactivitiesInvestmentincharitableandpublicwelfareprogrammesIdentificationAssessmentAnalysisandPrioritisationValidationReviewAnindependentsustainabilityconsultant