7. Change of control and defensive measures

7.1. Duty to make an offer

The Articles of Association of HOCHDORF Holding Ltd do not contain any opting-out or opting-up clauses within the meaning of Article 125 or 135 of the Financial Market Infrastructure Act (FinMIA) with respect to the statutory duty to submit a takeover offer.

7.2. Change-of-control clauses

There are no change of control clauses with members of the Board of Directors or Group Management.