Gigaset AG i.L.: Management Board expanded; options for revitalizing the
company through insolvency plan proceedings / investor solution being examined

EQS-Ad-hoc: Gigaset AG / Key word(s): Personnel
Gigaset AG i.L.: Management Board expanded; options for revitalizing the
company through insolvency plan proceedings / investor solution being
examined

08-Feb-2024 / 09:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc News
WKN: 515600 / WKN A14KQ7

Bocholt, February 8th, 2024

Gigaset AG i.L.: Management Board expanded; options for revitalizing the
company through insolvency plan proceedings / investor solution being
examined

Bocholt, February 8th, 2024 (09:52 a.m.) - The Supervisory Board of Gigaset
AG i.L., whose assets have been subject to ordinary insolvency proceedings
since January 1st, 2024, today decided to expand the company's Management
Board and to appoint Gerrit Jan Konijnenberg, Guoyu Du, Sean Hsin Jan Fang
and Ran Tao as additional members of the Management Board on an interim
basis for four months from February 12th, 2024. The current sole member of
the Management Board, Dr Magnus Ekerot, will remain Chairman of the Board.

The expansion of the Management Board takes place against the backdrop of
discussions between the insolvency administrator, Dr Markus Wischemeyer, and
Gold Gear Investment (Singapore) Pte. Ltd ('Gold Gear') regarding a possible
investor solution for the presentation of an insolvency plan to the
creditors and other parties involved in the proceedings. In order to
facilitate the process, Gold Gear has provided a temporary commitment to the
insolvency administrator to cover the ongoing losses likely to be incurred
in maintaining the business during the commencement of the insolvency
process. Gold Gear has indicated that it will submit a proposal for an
insolvency plan in the near future with the aim of restructuring the Gigaset
AG i.L. and terminating the insolvency proceedings.

The relevant considerations exist independently of the agreement announced
on January 24th, 2024 to sell the business and other assets of Gigaset
Communications GmbH to a subsidiary of VTech Holdings Limited.

The insolvency administrator is open to talks with Gold Gear in a
constructive manner with a view to satisfying the creditors of Gigaset AG
i.L. to the best of its ability. It remains to be seen whether and, if so,
within what timeframe an investor solution can be found and an insolvency
plan presented.


Gigaset AG i.L.
The Management Board

Gigaset AG is listed on the General Standard of Deutsche Börse. Its shares
are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN:
DE0005156004).


End of Inside Information

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   Language:       English
   Company:        Gigaset AG
                   Frankenstr. 2
                   46395 Bocholt
                   Germany
   Phone:          +49 (0)89 444 456 866
   Fax:            +49(0)89 444 456 930
   E-mail:         info@gigaset.com
   Internet:       www.gigaset.com
   ISIN:           DE0005156004
   WKN:            515600
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1832963

End of Announcement EQS News Service
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1832963 08-Feb-2024 CET/CEST