HOCHDORF Holding Ltd: Answers to the shareholder questions to the AGM on Agenda Item 8

[ Report ]

Hochdorf (pta006/15.06.2020/07:00) - As the Board of Directors announced in publishing its invitation to the Annual General Meeting, a minority shareholder raised various questions about the financial statements for 2018 and 2019, which we listed in the appendix to the agenda of the Annual General Meeting. These questions have been answered by the Board of Directors (questions 1 and 5) and the auditors (questions 2, 3, 4, 6, 7 and 8). The answers have been published on HOCHDORF Holding Ltd homepage. As the Annual General Meeting will be held without the presence of shareholders, the Board of Directors considers this prior publication of the answers to the shareholder's questions to be the only feasible way of satisfying its shareholders' legitimate need for information.

As detailed on the agenda, the shareholder concerned also requested a special audit to clarify these questions. The Board of Directors is recommending that shareholders accept this request for a special audit if they are not fully satisfied with the answers provided by the Board of Directors and the auditors or have any doubts. The publication of the answers on the website will enable all shareholders to form their own opinion on this matter and instruct the independent proxy for the Annual General Meeting accordingly.

The answers to the questions raised by the shareholder are published on the HOCHDORF Holding Ltd homepage ( https://www.hochdorf.com/en/media/press-releases/ ).

(Ende)