Comet proposes changes to the Board of Directors

Comet Holding AG / Key word(s): Personnel
Comet proposes changes to the Board of Directors

18-March-2024 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

Comet will propose to the Annual General Meeting (AGM) on April 19, 2024,
the election of Paul Boudre as successor to Heinz Kundert as Chairman of the
Board of Directors. Heinz Kundert will stand for re-election as a member of
the Board of Directors for another year to ensure a smooth transition. At
the same time, Benjamin Loh will be proposed to the AGM to succeed Tosja
Zywietz, who will not stand for re-election as a member of the Board of
Directors.

"Since I took over as Chairman in 2019, we have strategically repositioned
Comet and fully focused on the fast-growing semiconductor industry", said
Heinz Kundert. "We have set the course for further profitable growth in the
last five years. I'm now pleased to pass on the baton to Paul Boudre and
support him in taking the company forward." Paul Boudre said: "When I joined
the Board of Directors last year, I was already convinced of the enormous
potential that Comet has as a technology leader, and now even more so. I am
delighted to be proposed as Chairman and I am looking forward to managing
the fortunes of Comet together with my colleagues from the Board of
Directors".

In addition, Comet announces that Tosja Zywietz will not be standing for
re-election at the AGM 2024. As a new member, the Board of Directors
proposes Benjamin Loh for election. Benjamin Loh is a seasoned executive
with extensive experience in both executive and non-executive roles with
European and U.S. companies. He is currently Chairman of the Board,
President, and Chief Executive Officer of ASM International, but will step
down from these positions at ASM's Annual General Meeting in May 2024.
Having lived and worked in numerous countries across Asia, Europe, and the
United States, he brings a wealth of international experience and over 30
years of capital equipment experience in high-tech industries to the table.
"While we are excited to propose Benjamin Loh for election, we would also
like to thank Tosja Zywietz for his great contribution to the development of
Comet and wish him all the best for his future activities", Chairman Heinz
Kundert said.

CV Benjamin Loh

-end-

     Contact
     Dr Ulrich Steiner
     VP Investor Relations &
     Sustainability
     T +41 31 744 99 95
     (1)ulrich.steiner@comet.ch  1.
     mailto:ulrich.steiner@comet.ch

     Key dates
     April 19, 2024                    75th Annual General Meeting,
                                       Trading Update Q1/24
     July 31, 2024                     Half-year results 2024
     October 18, 2024                  Trading Update Q3/24

Comet Group
The Comet Group is a globally leading, innovative technology company based
in Switzerland with a focus on plasma control and x-ray technology. With
premium high-tech components and systems, we enable our customers to both
enhance the quality of their products and make their manufacturing more
efficient, and eco-friendly. Our innovative solutions are in demand in the
semiconductor and electronics market, the aerospace and automobile industry
and in security inspection. Headquartered in Flamatt, Switzerland, the Comet
Group has a presence in all world markets. We employ more than 1,500 people
worldwide, including about 600 in Switzerland. Besides production facilities
in China, Denmark, Germany, Malaysia, Switzerland and the USA, we maintain
various other subsidiaries in Canada, China, Japan, Korea, Taiwan and the
USA. Comet (COTN) is listed on the SIX Swiss Exchange.


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End of Inside Information

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   Language:       English
   Company:        Comet Holding AG
                   Herrengasse 10
                   3175 Flamatt
                   Switzerland
   Phone:          +41 31 744 90 00
   E-mail:         info@comet.tech
   Internet:       www.comet.tech
   ISIN:           CH0360826991
   Valor:          36082699
   Listed:         SIX Swiss Exchange
   EQS News ID:    1860433

End of Announcement EQS News Service
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1860433 18-March-2024 CET/CEST