On Holding AG Class A Ordinary Shares represents equity in On Holding AG, a Swiss performance sportswear company focused on athletic footwear, apparel, and accessories. The company develops products for running, outdoor activities, training, tennis, and everyday wear, serving consumers who look for performance-driven sports products with a design-led approach. On Holding AG distributes its products through a broad international network that includes independent retailers, global distributors, and direct-to-consumer channels, giving it a presence across major consumer markets. The business is centered on the On brand, which is positioned in the premium sportswear segment and is closely associated with innovation in footwear and apparel design. Based in Zurich, Switzerland, On Holding AG plays a visible role in the global athletic apparel market by combining performance-focused product lines with a multi-channel retail strategy.