Anta Announces Complete Acquisition of Armafin Sports

An investor consortium consisting of Anta Sports, Fangyuan Capital, Anamered Investments and Tencent announced that it has successfully completed the voluntary proposed cash acquisition Dacoz Coupons of all issued and outstanding shares of Amalfi Sports (hereinafter referred to as “Amafen Sports”). Open offer. According to the results of the final tender offer, the shares accepted for the tender offer accounted for approximately 94.98% of all shares and voting rights of Amalfi Sports (excluding shares held by Amalfi Sports or other subsidiaries).

Ding Shizhong, Chairman and CEO of Anta Group, said: "Today is a major day for every investor consortium member and Amalfi Sports. The success of the takeover offer allows us to work together to change the future of the global sportswear industry. -- A future that provides consumers, sports enthusiasts and professionals around the world with better performance, experience, greater satisfaction and enjoyment. The Investors Consortium is a leading expert in the Chinese market, new retail and high-end sportswear. We are excited to be one of them. In the coming months, we will work closely with Amway Sports' elite team to complete the privatization process and plan a growth plan that will fully realize its future potential."

In order for the shares of the remaining shareholders to accept the acquisition, the investor consortium decided to proceed with a follow-up offer period in accordance with the terms and conditions of the tender offer. The follow-up offer will begin at 09:30 on March 13, 2019, Finland time and end at 16:00 on March 27, 2019, Finland. During the follow-up offer period, the tender offer may be accepted in accordance with the acceptance procedures set out in the terms and conditions of the tender offer. Acceptance is binding and may not be withdrawn.

The Investor Consortium will announce the initial percentage of the effective acquisition of shares during the follow-up offer period around March 28, 2019, and announce the final percentage around April 1, 2019.

The Offer Consideration for the Effective Acquisition of the Shares during the Subsequent Offer Period will be paid to the Shareholders around April 2, 2019. The actual time that the accepting shareholder will receive the payment will depend on the time required by the financial institution to make the payment process.