SMT Scharf AG: Annual General Meeting approves all proposed resolutions by a
large majority

EQS-News: SMT Scharf AG / Key word(s): AGM/EGM
SMT Scharf AG: Annual General Meeting approves all proposed resolutions by a
large majority

22.05.2024 / 17:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SMT Scharf AG: Annual General Meeting approves all proposed resolutions by a
large majority

  * Managing Board and Supervisory Board approved by a large majority for
    the 2023 financial year

* New Supervisory Board elected, consisting of 5 members in future

* Attendance of the represented share capital recorded at 41.73 %

Hamm, May 22, 2024 - SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a
leading global provider of customized transport solutions and logistics
systems for underground mining, successfully held its 2024 Annual General
Meeting in Hamm today, on Wednesday. The share capital represented amounted
to 41.73 %. All proposed resolutions were approved by the Annual General
Meeting with a large majority. The shareholders approved the members of the
Management Board and Supervisory Board for the past financial year elapsed
by a large majority.

Moreover, the Annual General Meeting also elected a new Supervisory Board,
which continues to include Prof. Dr. Louis Velthuis, Dr.-Ing. Dirk Vorsteher
and graduate economist Dorothea Gattineau. Following the registration of the
resolved amendment to the Articles of Association, the Supervisory Board
will consist of a total of five members. The candidates for these vacancies
have not yet been determined, but the two open positions are to be filled in
a timely manner. Dr. Li Zhang, Managing Director of Yankuang Donghua Heavy
Industry Co., Ltd. and Dr. Qiang Yu, Minister of Financial Management at
Yankuang Energy Group Company Limited, were also elected as substitute
members of the Supervisory Board.

At the meeting, the Managing Board reported on SMT Scharf AG's business
performance in the 2023 business year, followed by an overview of
developments in the first quarter of 2024, as well as the expectations for
the year as a whole. In the year elapsed, SMT Scharf recorded strong demand
for spare parts and service in its core markets, as mining customers focused
on fleet maintenance and servicing. New investment business, which had
declined in the past reporting year, was up again in the first quarter of
2024 compared to the same prior year period. The major orders received in
the tunnel logistics segment, where activities to expand business outside of
coal mining are bearing fruit, also give rise to a positive outlook on the
current year.

Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft
Steuerberatungsgesellschaft, Cologne branch, was once again appointed as
auditor for the 2024 financial year.

The detailed voting results for the respective agenda items will be made
available on the website at www.smtscharf.com in the Investor Relations
section.

Company profile

The SMT Scharf Group develops, manufactures and services transportation
equipment for underground mining as well as for tunnel construction. The
main products include captivated railway systems that are deployed
worldwide, primarily in hard coal mines, as well as in mines for gold,
platinum and other metals. They are needed to transport material and
personnel with payloads of up to 48 tonnes and on routes with gradients of
up to 30 degrees. In addition, SMT Scharf supplies the mining sector with
chairlifts. Since 2018, SMT Scharf's diverse portfolio has also included
rubber-tyred diesel and electric vehicles for mining and tunnelling,
including loaders, scissor lifts and underground trucks. As part of the
further diversification of the business, the product range has been
successfully expanded since 2019 to include electronic components and
control systems for mining and other industries. Overall, the SMT Scharf
Group is active with subsidiaries in seven countries, as well as commercial
agencies worldwide. Further information about the SMT Scharf Group can be
found online at www.smtscharf.com.


Contact

Investor Relations
cometis AG
Thorben Burbach
Phone: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
Email: burbach@cometis.de


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22.05.2024 CET/CEST Dissemination of a Corporate News, 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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   Language:       English
   Company:        SMT Scharf AG
                   Römerstrasse 104
                   59075 Hamm
                   Germany
   Phone:          +49 2381 960-01
   Fax:            +49 2381 960-311
   E-mail:         info@smtscharf.com
   Internet:       www.smtscharf.com
   ISIN:           DE000A3DRAE2
   WKN:            A3DRAE
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich (m:access),
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1909091

End of News EQS News Service
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1909091 22.05.2024 CET/CEST