Wanda Sports Group Company Limited announced that its Board of Directors has formed an independent committee (the "Independent Board Committee") to consider the non-binding proposal (the "Proposal") that the Board received from Wanda Sports & Media (Hong Kong) Holding Co. Limited on September 30, 2020, to acquire all of the outstanding Class A ordinary shares of the Company, including American depositary shares representing Class A ordinary shares, in a going private transaction on the terms and conditions set out in the Proposal (the "Proposed Transaction"). The Independent Board Committee consists of the Company's independent directors, Mr. Edwin Fung and Mr. Kenneth Howard Jarrett.