ORBUSNEICH (06929): Recommend revoking existing general authorization and granting new general authorization.

ORBUSNEICH (06929) announced that, in view of the latest revision to the listing rules regarding treasury shares taking effect from June 11, 2024, the board of directors recommends revoking the general mandate granted to the directors at the annual general meeting held on June 6, 2024, and seeks shareholders' approval to grant a new general mandate to the directors at the upcoming special general meeting of the company. The special general meeting will consider a ordinary resolution for shareholders to consider and, if thought fit, to approve the proposal to revoke the existing general mandate and to grant the directors a new general mandate. The board of directors believes that revoking the existing general mandate and granting a new one will provide the company with flexibility to buy back shares and hold the purchased shares as treasury shares for further issuance, sale and/or transfer (including granting any share options or share awards under any share scheme of the company).