It is a typical trademark infringement.

The Olympic five-ring symbol is a type of Olympic symbol rights. According to Article 2 of the "Olympic Symbol Protection Regulations", it also includes seven types of symbols: the Olympic flag of the International Olympic Committee, the Olympic motto, the Olympic emblem, Proper names such as the Olympic anthem, Olympiad, Olympia, Olympiad and their abbreviations. No organization or individual may use the above logo without authorization from the International Olympic Committee.

After the color change, it is a similar trademark, and the black and white version is exactly the same.

Not only did you use the Olympic rings logo, but you also used the proprietary name "Olympic", which is undoubtedly double infringement.