Convening of an Extraordinary General Meeting to vote on capital measures on September 27, 2019

Munich, August 16, 2019: The Company SE („“ or the “Company” and together with its subsidiaries the „Group“) announces that the Management Board and the Supervisory Board have decided to convene an Extraordinary General Meeting for September 27, 2019, to resolve on an ordinary capital reduction by way of a consolidation of shares at a ratio of 2 : 1 and thus enable the Group to carry out a capital increase. In addition, the administrative bodies will propose to approve an ordinary capital increase against cash contribution with subscription rights for the sh

Growth strategy in China, increasing flexibility and strengthening liquidity position

With the support of the two large Asian investors, who participated in the capital increase in March 2019, pursues a consistent growth strategy in China. The Chinese market offers significant potential for growth, which the Group intends to use consistently through targeted growth measures. The planned growth measures include (i) the already planned opening of a second bonded warehouse, (ii) the development of additional online distribution channels, (iii) the continuous expansion of the product offering, (iv) potential cooperations with local Chinese companies and (v)

Planned capital measures to achieve the above-mentioned objectives

In order to achieve the above-mentioned goals, the Management Board and the Supervisory Board propose to the General Meeting to resolve on a capital reduction at a ratio of 2 : 1 in accordance with § 222 ff. AktG. As a result of this measure, the Company’s share capital will be reduced from EUR 9,963,670.00, divided into 9,963,670 no-par-value bearer shares, by EUR 4,981,835.00 to EUR 4,981,835.00, divided into 4,981,835 no-par value bearer shares. The reduction will be made in accordance with the provisions on an ordinary capital reduction (§§ 222 et seq. AktG) at the ratio 2 : 1 in