Declaration on the report of the Managing Directors on relationships with affiliated companies pursuant to Section 312 of the German Stock Corporation Act (AktG)
In the 2020 fiscal year, MAX Automation SE was a company dependent on Orpheus Capital II GmbH & Co. KG, Hamburg, Germany, and LS Digital & Management Services GmbH & Co. KG, Hamburg, Germany, within the meaning of Section 17 AktG. Based on a voting trust agreement that went into effect on 26 August 2020, there is mutual attribution of voting rights between Orpheus Capital II GmbH & Co. KG and LS Digital & Management Services GmbH & Co. KG. The primary controlling parent of Orpheus Capital II GmbH & Co. KG and LS Digital & Management Services GmbH & Co. KG pursuant to AktG is Oliver Jaster, Germany. Control results from a consistently expected (de facto) majority of votes at future Annual General Meetings. There is no control or profit and loss transfer agreement of MAX Automation SE with Orpheus Capital II GmbH & Co. KG or LS Digital & Management Services GmbH & Co. KG. The Managing Directors of MAX Automation SE have therefore prepared a report by the Managing Directors on relationships with affiliated companies in accordance with Section 312 (1) AktG, which contains the following concluding statement:
“In the legal transactions listed in the report on relationships with affiliated companies, MAX Automation SE received appropriate consideration for each legal transaction at the time the legal transactions were carried out or omitted according to the circumstances known to the Managing Directors and has not been disadvantaged as a result.”