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Ad hoc announcement

Moutier, 14/04/2021

Tornos Annual General Meeting approves all Board of Directors’ proposals

As a result of the extraordinary situation due to the coronavirus, the shareholders of Tornos Holding AG could not attend the 2021 Annual General Meeting on April 14, 2021 in person. They approved all the proposals of the Board of Directors.

The shareholders of Tornos Holding AG approved the annual report, consolidated financial statements, and financial statements for the 2020 financial year. They also approved the proposal to carry forward the balance sheet result to new account.

François Frôté, Michel Rollier, Walter Fust and Till Fust were re-elected as members of the Board of Directors for a term of one year. The shareholders also confirmed François Frôté as Chairman of the Board of Directors. PricewaterhouseCoopers AG, Neuchâtel, was confirmed as statutory auditor for a further year. The shareholders also approved the total remuneration awarded to the Board of Directors and General Management for the period to the 2022 Annual General Meeting.