On December 7, 2018, an investor consortium, Mascot Bidco Oy, has made a cash offer to purchase all issued and outstanding shares of Mavic parent company, Amer Sports Corp.

Under the tender offer, Mascot Bidco Oy members including ANTA Sports, FV Fund and Anamered Investments, offered price under the Tender Offer is EUR 40.00 in cash per Amer Sports share. This price represents a premium of 39 percent compared to the closing price of Amer Sports shares on September 10, 2018. The terms of the tender offer value the entire issued and outstanding share capital of Amer Sports at EUR 4.6 billion.

The Investor Consortium intends to invest significant time, resources and effort in helping Amer Sports to accelerate several important ongoing and new strategic initiatives under private ownership, including expanding Amer Sports' businesses in the Chinese market. It intends to provide Amer Sports with access to ANTA Sports' extensive distribution network, R&D resources and manufacturing and sourcing capabilities in China, such that Amer Sports will have a significant opportunity to accelerate the expansion of its businesses in the Chinese market. The completion of the Tender Offer is not expected to have an immediate material effect on the operations, assets, the position of the management or employees or the business locations of Amer Sports.

Under the new ownership, Amer Sports' management team would have the autonomy to execute on its business plan under the strategic direction of the Board of Directors, and it is not expected to have an immediate material effect on the operations, assets, the position of the management or employees or the business locations of Amer Sports.

The tender offer is expected to commence on or about December 20, 2018, and to run for approximately 10 weeks. It is expected to be completed during the second quarter of 2019 at the latest.