Ming Le Sports AG Reports Earnings Results for the Full Year Ended December 31, 2022

Ming Le Sports AG is a Germany-based sportswear manufacturer in the Chinese market. The Company targets urban customers in year-range between 16 and 35, both men and women. The Company's products include footwear, apparel, accessories and equipment, and is diversified into two business operating business segments: Footwear, as well as Apparels, accessories and equipment. It designs its own products and manufacturers them at the Company's facilities or through contract manufacturers. It markets and sells its products through a network of 24 distributors to, as of April 30, 2012, approximately 3,324 retail outlets in China. The Company's operational business is exclusively carried out by Mingle (China) Co, Ltd and Fujian Mingle Sportswear Co, Ltd, which are indirectly wholly owned subsidiaries of the Company. Furthermore, the Company holds a 100%-stake in Mingle (International) Limited, which acts as a holding company.