Gigaset AG i.L.: Changes in the Management Board

EQS-Ad-hoc: Gigaset AG / Key word(s): Personnel
Gigaset AG i.L.: Changes in the Management Board

17-Jun-2024 / 19:08 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

ISIN: DE0005156004 / DE000A14KQ77

Gigaset AG i.L.: Changes in the Management Board

Bocholt, June 17th, 2024 19:06 p.m.: The Supervisory Board of Gigaset AG
i.L., today resolved to reappoint Mr Ran Tao for a further 12 months and Mr
Guoyu Du and Mr Sean Hsin Jan Fang for a further 4 months as interim members
of the company's Management Board with effect from June 20th, 2024, after
their appointments to the Management Board were originally limited until
June 11th, 2024.

The new appointments to the Management Board are made against the background
of the ongoing negotiations and preliminary work of the insolvency
administrator Dr Markus Wischemeyer with 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 with the aim of restructuring and ending the
insolvency proceedings.

At the same time, the current Chairman of the Management Board, Dr Magnus
Ekerot, and the Supervisory Board today reached an amicable agreement on the
termination of his Management Board mandate with effect from the end of June
20th, 2024. The Supervisory Board would like to thank Dr Magnus Ekerot for
his extraordinary performances in connection with the restructuring efforts.
The Supervisory Board has appointed Mr Ran Tao as the new Chairman of the
Management Board with effect from June 21st, 2024.

The insolvency administrator continues to conduct the negotiations with Gold
Gear in an open and constructive manner with a view to satisfying the
creditors of Gigaset AG i.L. to the best of its ability. Whether and, if so,
within what timeframe an investor solution will be found and an insolvency
plan presented is currently still open and depends on the clarification of
various preliminary issues.

Gigaset AG i.L.
Management Board


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:    1926975

End of Announcement EQS News Service
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1926975 17-Jun-2024 CET/CEST