Corporate governance statement in accordance with Section 289f (4) of HGB

Targets for the proportion of women on the supervisory board, in management and in the two management levels below management

The "Law for the Equal Participation of Women and Men in Management Positions in the Private Sector and in Public Service" obliges Maschinenfabrik ALFING Kessler GmbH to set targets for the proportion of women on the supervisory board, management board and the two management levels below the management board.

The targets for the Supervisory Board and the Management Board set by the company's shareholders' meeting on March 10, 2017 with a deadline of March 31, 2022 in accordance with Section 52 (2) of the German Limited Liability Companies Act (GmbH-Gesetz) were met with a status quo of “0” as at March 31, 2022.

The targets for the first management level (“0”) and the second management level (3.1%) below the Management Board set by the Management Board in a resolution dated March 10, 2017 with a deadline of March 31, 2022 were also met with a status quo as at March 31, 2022 of “0” (first management level) and 3.3% (second management level).

With regard to the expiry of the deadline on March 31, 2022, the company's shareholders' meeting resolved on March 25, 2022 to maintain the existing quota of “0” on the Supervisory Board and Management Board with a time horizon until March 31, 2027 due to the current mandates, among other things, and as no change or addition to the Management Board is intended..

For its part, on March 25, 2022, the Management Board also redefined the target for the proportion of women in the first and second management levels below the Management Board with a time horizon until March 31, 2027. Due to currently unforeseeable staff vacancies, among other things, these are “0” (1st management level) and 3.3% (2nd management level) at the status quo level at the time the resolution was passed.