| Oniverse |
1.3 Oniverse
| | | | | | | | | | | | | | | | | | | Equity interest | | Entity | | Domicile | | 6/30/2026 | | 12/31/2025 | | On Holding AG | | Zurich, CH | | | | | | On AG | | Zurich, CH | | 100% | | 100% | | On Brazil Ltda | | Sao Paulo, BR | | 100% | | 100% | | On Cloud Service GmbH | | Berlin, DE | | 100% | | 100% | | On Clouds GmbH | | Zurich, CH | | 100% | | 100% | | On Clouds Inc. | | Delaware, USA | | 100% | | 100% | | On Europe AG | | Zurich, CH | | 100% | | 100% | On Experience 1-31, LLC(1) | | Delaware, USA(1) | | 100% | | 100% | | On Hong Kong Ltd. | | Hong Kong, SAR of CN | | 100% | | 100% | | On Inc. | | Oregon, USA | | 100% | | 100% | | On Italy S.r.l. | | Milan, IT | | 100% | | 100% | | On Japan K.K. | | Yokohama, JP | | 100% | | 100% | | On Korea Ltd. | | Seoul, Korea | | 100% | | 100% | | On Oceania Pty Ltd. | | Melbourne, AU | | 100% | | 100% | | On Running Canada Inc. | | Vancouver, CA | | 100% | | 100% | | On Running Kenya Limited | | Nairobi, KE | | 100% | | 100% | | On Running Sports Products (Shanghai) Company Ltd. | | Shanghai, CN | | 100% | | 100% | | On Running UK Ltd. | | London, UK | | 100% | | 100% | | On Services UK Ltd. | | London, UK | | 100% | | 100% | | On Vietnam Co. Ltd. | | Ho Chi Minh City, VN | | 100% | | 100% | | Brunner Mettler GmbH | | Zurich, CH | | 100% | | 100% | | PT On Running Indonesia | | Jakarta, ID | | 100% | | 100% | | On Taiwan Limited | | Taipei, CN | | 100% | | —% | | On Hong Kong Limited Macau Branch | | Macau, SAR of CN | | 100% | | —% | | On Running México, S. de R.L. de C.V. | | Mexico City, MX | | 100% | | —% |
(1) On Experience 1-31, LLC consists of thirty-one entities (retail stores). They are all 100% owned as of June 30, 2026 and as of December 31, 2025, excluding On Experience 23-31, LLC entities, which were 0% owned as of December 31, 2025 (entities did not exist as of December 31, 2025).
|