SCHEDULE 13G/A 0001999371-24-014561 0001089113 XXXXXXXX LIVE 2 Ordinary shares, par value EUR 0.0300580119630888 per share 03/31/2025 0001988894 Amer Sports, Inc. G0260P102 Konepajankuja 6 Helsinki H9 00511 Rule 13d-1(d) HSBC Holdings plc X0 232365782.00 0.00 232365782.00 0.00 232365782.00 N 42 HC Percent based on a total of 553,631,196 ordinary shares outstanding as of December 31, 2024 as shown in Schedule 20-F filed by Amer Sports, Inc. on March 07, 2025. Amer Sports, Inc. Konepajankuja 6, Helsinki, H9 HSBC Holdings plc 8 Canada Square, London E14 5HQ, United Kingdom Incorporated in England with limited liability 232,365,782 42% 232,365,782 0 232,365,782 0 Y N HSBC International Trustee Limited ("HKIT") manages (i) DSJ Family Trust, which owns 100% of Allwealth Assets Limited, which owns 100% of Talent Trend Investment Limited, which owns 33.52% of Anta International Group Holdings Limited and 0.036% of Anta Sports Products Limited ("Anta Sports"); (ii) DSZ Family Trust, which owns 100% of Top Bright Assets Limited, which owns 100% of Shine Well (Far East) Limited, which owns 34.06% of Anta International Group Holdings Limited and 0.336% of Anta Sports; and (iii) certain other family trusts, which own minority interests in Anta International Group Holdings Limited amounting to 29.71% in the aggregate. Anta International Group Holdings Limited directly owns 42.79% of Anta Sports, and it also has indirect ownership of Anta Sports by owning 100% of Anda Holdings International Limited, which owns 5.73% of Anta Sports, and owning 100% of Anda Investments Capital Limited, which owns 4.11% of Anta Sports. Anta Sports owns 100% of Anllian Sports Products Limited, which directly owns Ordinary Shares; and Anta Sports also owns 100% Anllian Holdings Limited, which owns 100% of Anllian Holdco (BVI) Limited which directly owns Ordinary Shares. HKIT also manages Sunyoung Trust, which owns 100% of Newsun Capital Limited which directly owns Ordinary Shares. HKIT has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares covered by this Statement that may be deemed to be beneficially owned by the Reporting Person. Such interests of Amer Sports, Inc. relate to more than 5 percent of the class of Ordinary Shares. HKIT is an indirect, wholly owned subsidiary of HSBC Holdings plc. HSBC Bank plc ("HBEU") in its normal course of business holds 0.002% Ordinary Shares (of the total reportable holdings) in Rights of Use Unexercised capacity and can utilize the shares as per the client's contractual arrangement. HBEU is a wholly owned subsidiary of HSBC Holdings plc. N Anllian Sports Products Limited, Anllian Holdco (BVI) Limited, Newsun Capital Limited, HSBC Bank plc Y Y Y HSBC Holdings plc /s/ Hannah Ashdown 05/14/2025