The extraordinary general meeting of ANTA Sports Products Limited has passed the resolution required by the tender offer for all shares in Amer Sports Corporation

Amer Sports Corporation
STOCK EXCHANGE RELEASE
February 22, 2019 at 12.15 p.m.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

The extraordinary general meeting of ANTA Sports Products Limited has passed the resolution required by the tender offer for all shares in Amer Sports Corporation

The extraordinary general meeting of ANTA Sports Products Limited has passed the resolution required in connection with Mascot Bidco Oy's voluntary public cash tender offer for all the shares in Amer Sports Corporation

Mascot Bidco Oy (the "Offeror") has on December 20, 2018 commenced a voluntary public cash tender offer recommended by the Board of Directors of Amer Sports Corporation ("Amer Sports") to purchase all the issued and outstanding shares in Amer Sports that are not held by Amer Sports or any of its subsidiaries (the "Tender Offer"). The acceptance period of the Tender Offer commenced on December 20, 2018 at 9.30 a.m. (Finnish time) and, as a result of the extension announced on February 21, 2019, the acceptance period will expire on March 7, 2019 at 4.00 p.m. (Finnish time) (the "Offer Period"). The Offeror has reserved the right to extend the Offer Period in accordance with the terms and conditions of the Tender Offer.

The Offeror has today announced that the extraordinary general meeting of ANTA Sports Products Limited ("ANTA Sports") has today resolved to approve the Tender Offer and all the transactions contemplated thereunder, and has thus passed the resolution required by the Tender Offer. The condition to completion of the Tender Offer concerning the approval by the shareholders of ANTA Sports has thus been satisfied. The completion of the Tender Offer is still subject to the satisfaction or waiver by the Offeror of certain other conditions on or prior to the Offeror's announcement of the final results of the Tender Offer including, among others, approval for the completion of the Tender Offer from the Federal Economic Competition Commission in Mexico and the Offeror having gained control of more than 90 percent of the issued and outstanding Amer Sports shares and voting rights.