| Disclosure of Subsidiaries |
| | | | | | | | | | | | | | | | | | | | | | | | | Equity interest | | Entity | | Domicile | | 12/31/2023 | | 12/31/2022 | | | | | | | | | | | | | | | | 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. | | Dover, DE, USA | | 100% | | 100% | | On Europe AG | | Zurich, CH | | 100% | | 100% | | On Experience 1 LLC | | Dover, DE, USA | | 100% | | 100% | | On Experience 2 LLC | | Wilmington, DE, USA | | 100% | | 100% | | On Experience 3 LLC | | Wilmington, DE, USA | | 100% | | 100% | | On Experience 4 LLC | | Wilmington, DE, USA | | 100% | | 100% | | On Experience 5 LLC | | Wilmington, DE, USA | | 100% | | 100% | | On Experience 6 LLC | | Wilmington, DE, USA | | 100% | | —% | | On Experience 7 LLC | | Wilmington, DE, USA | | 100% | | —% | | On Experience 8 LLC | | Wilmington, DE, USA | | 100% | | —% | | On Hong Kong Limited | | Hong Kong, SAR of CN | | 100% | | 100% | | On Inc. | | Portland, OR, 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% | | —% | | On Oceania Pty Ltd. | | Melbourne, AU | | 100% | | 100% | | On Running Canada Inc. | | Vancouver, CA | | 100% | | 100% | | On Running Sports Products (Shanghai) Company Ltd. | | Shanghai, CN | | 100% | | 100% | | On Running UK Ltd. | | London, UK | | 100% | | 100% | | On Vietnam Co. Ltd. | | Ho Chi Minh City, VN | | 100% | | 100% | | Brunner Mettler GmbH | | Zurich, CH | | 100% | | 100% |
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