Proposals and recommendations to the Annual General Meeting of Shareholders (AGM) 

Having stated all of the above, the Supervisory Board endorses the report of the Management Board. We propose that the AGM adopt the 2023 Financial Statements audited by Ernst & Young Accountants LLP. In accordance with Article 6 (2) of the State-FMO Agreement of November 16, 1998, and the current dividend policy, we propose that the AGM approve the allocation of €64.9 million net profit (2022: €1 million net profit) as follows: €62.8 million profit to Contractual Reserves and a distribution of €2.1 million as a cash dividend equal to €5.38 per share A and share B.

Another proposal for adoption by the AGM is the appointment of a new external auditor.

In addition, the Supervisory Board is pleased to nominate a candidate for the vacant Supervisory Board position. Furthermore, the reappointments of several Supervisory Board members will be proposed.

We trust that the AGM will also discharge the Management Board for its management of FMO and the Supervisory Board for its supervision during the reporting year.