SMT Scharf AG: Annual General Meeting Approves All Proposed Resolutions by a Large Majority

Hamm, May 22, 2024 – SMT Scharf AG successfully held its 2024 Annual General Meeting. The meeting saw a strong shareholder presence, with 41.73% of the share capital represented. All proposed resolutions were approved by a large majority.

The shareholders endorsed the Managing Board and Supervisory Board for the financial year 2023. A new Supervisory Board was elected, continuing with Prof. Dr. Louis Velthuis, Dr.-Ing. Dirk Vorsteher, and Dorothea Gattineau. The board will consist of five members, with two positions to be filled soon. Dr. Li Zhang and Dr. Qiang Yu were elected as substitute members.

The Managing Board provided a detailed report on the 2023 performance and first-quarter developments in 2024. The company experienced strong demand for spare parts and services. New investment business improved in early 2024, and major orders in tunnel logistics present a positive outlook for the year.

Rödl & Partner GmbH was reappointed as auditor for 2024. Detailed voting results are available on the Investor Relations section of SMT Scharf's website.