Item 1: Report of the Supervisory Board 2021/22

AT&S ANNUAL REPORT 2021_22	COMPANY	ADVANCED TECHNOLOGIES
		& SOLUTIONS

REPORT OF THE SUPERVISORY BOARD

DEAR SHAREHOLDERS,

AT&S continued to pursue its successful growth course in the ¿Q QFL O H U GHVSLWH WKH YRO WLOH P UNHW HQYLURQ-

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and earnings once again and achieved record levels for both

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markets as we continue to evolve. Revenue was at a record level of € 1,589.9 million (previous year: € 1,188.2 million), up 34%. Likewise, EBITDA reached an all-time high of € 349.5 million (previous year: € 245.7 million).

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to € 103.3 million due to the higher operating result.

visory Board were also related to advancing the company's strategic development, which the Management Board coordinated with the Supervisory Board in detail on a regular basis, the expansion projects at the various production sites, in par- ticular, the new construction project in Malaysia at the new site in Kulim, the continued expansion of the plant in Chong- qing, the expansion of the plant in Leoben and the design of

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SUPERVISORY BOARD COMMITTEES

Within the Supervisory Board, the Audit Committee, the Nomination and Remuneration Committee as well as the Finance Committee, as standing committees, exercise certain tasks assigned to them through the Rules of Procedure of the Supervisory Board. The respective committees carried out detailed analyses of particular matters where necessary and

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ACTIVITIES OF THE SUPERVISORY BOARD

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year 2021/22.

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the Supervisory Board was regularly informed by the Management Board about the market situation, strategy, operat-

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staff situation and planned capital expenditures in plenary and committee meetings, as well as in comprehensive oral and written reports. The Supervisory Board made the respective decisions accordingly. At these meetings, there was a comprehensive exchange of information between the Management Board and the Supervisory Board about the business development and situation of the AT&S Group, including

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Board and his deputies, and subsequently also the full Supervisory Board, were regularly informed about relevant developments by the Management Board, also outside the framework of Supervisory Board meetings.

The activities of the Supervisory Board also focused on the

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year, the consulting activities and decisions of the Super-

The Audit Committee, consisting of Regina Prehofer (Chair-

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statements for the year ended 31 March 2021, and on planning and preparation for the audit of the annual and consoli-

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in particular, the preparation of a proposal for the election of the statutory auditor. By means of discussions with the audi- tor, inspection of relevant documents and discussions with the Management Board, it obtained a comprehensive view. The Audit Committee also monitored the effectiveness of the company-wide internal control system and the Group's internal audit and risk management systems. The Audit Committee reported to the full Supervisory Board with respect to this

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In accordance with a decision made by the Supervisory Board, the members of the Nomination and Remuneration Committee are Georg Riedl (Chairman), Hermann Eul (Deputy Chairman), Robert Lasshofer, Wolfgang Fleck and

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  lated to succession planning for the position of the CFO and the development of the remuneration policy of the Manage- ment Board members.

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AT&S ANNUAL REPORT 2021_22	COMPANY	ADVANCED TECHNOLOGIES
		& SOLUTIONS

Hannes Androsch,

Chairman of the

Supervisory Board

The following Supervisory Board members were appointed members of the Finance Committee:

Hannes Androsch (Chairman), Regina Prehofer (Deputy Chairwoman), Robert Lasshofer, Georg Riedl, Wolfgang

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SELFEVALUATION OF THE SUPER

VISORY BOARD

The Supervisory Board carries out a self-evaluationannually, QGGLGVR J LQIRUWKH¿Q QFL OH U7KLVHY OX-

ation performed by the Supervisory Board based on a digi-

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Governance requirements and that its organisation, work

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tion 96 (4) of the Austrian Stock Corporation Act (AktG) at

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Report, the Management Board obtained a statement by the auditor prior to the audit, which was submitted to the Supervisory Board. Moreover, based on the prior discussions of the Audit Committee, and after its own detailed consideration and examination, the Supervisory Board approved the consolidat-

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pursuant to Section 245a of the Austrian Commercial Code (UGB) as well as the Management Report, the Group Management Report, the Corporate Governance Report and the

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included extensive discussions with the auditors, did not give rise to any objections. Pursuant to the recommendation of the Audit Committee, the Supervisory Board of AT&S will propose to the 28th Annual General Meeting that Deloitte Audit Wirtschaftsprüfung GmbH, Vienna, be appointed Company

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The Supervisory Board supports the proposal of the Management Board. It will be proposed to the Annual General Meet-

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• 0.78 per no-par share outstanding on the payout date and entitled to dividend as well as a special dividend of € 0.12 due to the positive business development be distributed, and an amount of € 22,835,790.14 be carried forward.

ANNUAL FINANCIAL STATEMENTS AND DIVIDEND

The Supervisory Board of AT&S proposed to the 27th Annual General Meeting that Deloitte Audit Wirtschaftsprüfungs GmbH, Vienna, be appointed Company and Group auditors

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the Annual General Meeting of 8 July 2021.

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nancial statements for the year ended 31 March 2022 were audited by Deloitte Audit Wirtschaftsprüfung GmbH, Vienna,

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the prior discussions of the Audit Committee, and following its own detailed discussions and examination, the Supervisory

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for the year ended 31 March 2022 in accordance with Sec-

ACKNOWLEDGEMENT

We would like to express our sincere gratitude to the Management Board and all employees for our success and the work that made it possible, as well as to our shareholders, loyal customers, reliable suppliers and the public sector for their support. We are convinced that together we will continue to advance the AT&S Group and lead it to further success!

On behalf of the Supervisory Board

Leoben-Hinterberg, 2 June 2022

Hannes Androsch m.p.

Chairman of the Supervisory Board

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