Themes ETF Trust – Leverage Shares 2X Long NIO Daily ETF is an actively managed, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily percentage change in the American depositary receipt of NIO Inc. (NYSE: NIO). The Fund is designed for investors seeking leveraged, short-term exposure to NIO, a China-based electric-vehicle company, and invests at least 80% of net assets, plus borrowings for investment purposes, in NIO ADRs and financial instruments with economic characteristics that collectively provide targeted two-times daily exposure; such instruments may include derivatives, including swaps and options. The Fund does not seek to achieve its stated leveraged objective over periods longer than a single trading day and may experience materially different performance over longer holding periods due to daily rebalancing, compounding and leverage effects. NIOG is listed on The Nasdaq Stock Market and is issued by Themes ETF Trust, with Themes Management Company LLC serving as investment adviser; it is domiciled in the United States and was launched on December 18, 2025. The Fund operates within the leveraged single-stock ETF segment and is principally associated with the consumer-discretionary, automobile and components industries through its NIO-linked exposure. Its principal offering is a 2x long daily NIO investment vehicle for sophisticated investors, traders and other market participants seeking tactical exposure to movements in NIO ADRs. Recent developments include the Fund’s December 2025 launch as part of the Leverage Shares by Themes platform and the continued expansion of that platform during 2026 through additional 2x long single-stock leveraged ETFs covering technology, industrial, energy and other market-moving companies.