Explanatory note on Agenda Item 1 pursuant to

§ 124a sentence 1 number 2 German Stock Corporation Act (Aktiengesetz - AktG)

The subject of Agenda Item 1 is the presentation of the adopted annual financial statements of adidas AG and the approved consolidated financial statements, the combined Management Report of adidas AG and the adidas Group as of December 31, 2023, the proposal of the Executive Board on the appropriation of retained earnings, as well as the Supervisory Board Report for the 2023 financial year.

The aforementioned documents also comprise the Explanatory Report of the Executive Board on the disclosures pursuant to §§ 289a, 315a German Commercial Code (Handelsgesetzbuch - HGB) as well as the Declaration on Corporate Governance for the 2023 financial year.

No resolution will be passed on this Agenda Item 1. The Supervisory Board approved the annual financial statements and consolidated financial statements prepared by the Executive Board; the annual financial statements have thus been adopted in accordance with § 172 sentence 1 AktG. Therefore, in accordance with statutory provisions, the Annual General Meeting does not have to pass a resolution on Agenda Item 1.

Likewise, it is not required by law that the Annual General Meeting resolve upon the other documents set out in Agenda Item 1 which are to be presented to the Annual General Meeting.

Herzogenaurach, April 2024

adidas AG

The Executive Board

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adidas AG published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2024 07:27:04 UTC.