Mr. Maik Holger Krämer, who has served as Director of Finance and Controlling on the Managing Board of A.S. Création Tapeten AG since April 1, 2001 and additionally as Chairman of the Managing Board since April 1, 2016, has asked the Supervisory Board to release him from his duties as Managing Board Chairman. Mr. Krämer made this request because of his personal opinion that, against the background of the latest market developments and the current situation of the company, A.S. Création needs both a strong Managing Board Chairman and a strong Director of Finance and Controlling to provide impulses for the further development of A.S. Création. He is of the opinion that a single person cannot fulfill these requirements. At October 25, 2018 meeting, the Supervisory Board therefore appointed Mr. Daniel Barth (born 1966) as new Managing Board Chairman with effect from November 19, 2018. Most recently, Mr. Barth served as Managing Director of Steiff Beteiligungsgesellschaft mbH and Margarete Steiff GmbH.