F&F to Mobilize All Capabilities to Achieve TaylorMade Acquisition

On June 24, F&F released an official statement regarding the global golf brand TaylorMade, saying, "As the largest investor, F&F made a strategic investment from the outset on the premise of acquiring TaylorMade, and this direction remains unchanged."

At the time of its investment in 2021, F&F committed to and executed the investment on the premise of acquiring TaylorMade, thereby securing key rights such as preemptive consent and preferential purchase rights.

These contractual mechanisms were established to achieve F&F's investment goal of acquiring TaylorMade. Nevertheless, regarding the recent sale process of TaylorMade being conducted by Centroid without F&F's consent, F&F emphasized, "We will hold them accountable by taking all contractually and legally available measures, and F&F will mobilize all of our capabilities to achieve our original investment objective."