Youngtimers AG Publishes Annual Report, Calls for Annual General Meeting to be held on 6 August 2025, and Announces Board and Auditor Changes and the Introduction of an Opting-Out 

July 15, 2025, Basel, Switzerland 

2024 Financial Results 

Youngtimers AG, a Basel-based Company listed in Switzerland (YTME: SIX) (the "Company"), publishes its annual report and reports its 2024 financial results. The annual report can be found on the Company's website: https://ir.youngtimers.com/financial-reports/ .

The Company reports the following audited key figures for the financial year 2024 on a consolidated basis: 

The substantial differences concerning EBIT, net loss, balance sheet total and equity to the unaudited preliminary key figures published previously are due to the recognized impairment and pro-rata amortization of goodwill in relation to the acquisition of C Capital Corp. The impairment was triggered due to a downward revision of the business plan compared to the assumptions made at the acquisition date. 

The negative equity is owed to an accounting effect and does not impact the operational or financial stability of the Youngtimers group. Still, the group is considering measures to strengthen the balance sheet. Among others, C Capital Corp. has an outstanding bond 

consisting of 70'000 notes with a nominal value of USD 1'000 each. The bond matures on 19 December 2033. The bondholders have the possibility to convert the CHF equivalent of their claims outstanding under the bond into shares of the Company, subject to the approval of the Company. The Company is currently assessing a transaction to settle the claims under the bond by issuing additional equity. 

Annual General Meeting 

The Board of Directors of the Company furthermore calls for the 2025 Annual General Meeting (the “AGM”) to be held on 6 August 2025, at 9:00am CEST, at the domicile of the Company in Basel. 

The Company and Ms. Motoko Yorozu aligned that she will not stand for re-election as member of the Board of Directors at the AGM. Furthermore, the current Chairman ad interim, Mr. Yin Pan (Ben) Cheng will not stand for re-election as Chairman. Therefore, the Board of Directors proposes to the Company’s shareholders to vote at the AGM for the re-election of Mr. Lorenzo Landini, Mr. Yin Pan (Ben) Cheng, Ms. Jue (Kirsten) Gao and to elect Dr. Rory Knight as new member and Chairman of the Board of Directors, as well as Mr. Henry Lee as new member of the Board of Directors. 

Also, the Company and Berney Associés Audit SA, Lausanne ("Berney"), aligned that Berney is not standing for re-election as statutory auditor and group auditor at the AGM. The election of a new auditor is an agenda item for the AGM. The new auditor has not yet been confirmed. The shareholders will be notified of the name of the new auditor to be elected as soon as possible, but in any case on or before 31 July 2025. 

Furthermore, the Board of Directors proposes adopting an opting-out clause by introducing a new Article 21a to the Company’s Articles of Association. This opting-out clause removes the obligation to submit a public takeover offer for any person who, directly, indirectly or acting in concert with third parties, acquires shares and thereby, together with the shares already held, exceeds the threshold of 33⅓ percent of the voting rights, whether exercisable or not. Certain aspects of the introduction of such opting-out clause are subject to a separate ad hoc announcement of the Company and more details concerning the opting-out clause are included in the invitation to the AGM. 

Beyond the election of the members of the Board of Directors, the Chairman of the Board of Directors and a new auditor, and the introduction of the opting-out clause, the following items are included on the agenda of the AGM: 

• Approval of the Management Report, the Financial Statements of the Company and the Consolidated Financial Statements for the 2024 Financial Year 

• Vote on the Remuneration Report 2024 

• Discharge from Liability of the Members of the Board of Directors 

• Appropriation of Available Earnings of the Company as per the Balance Sheet 

• Votes on Compensation for the Members of the Board of Directors and the Executive Management Team for 2025/2026 

• Election of Mr. Yin Pan (Ben) Cheng, Ms. Jue (Kirsten) Gao and Dr. Rory Knight to the Remuneration Committee 

• Election of the Independent Proxy 

• Change of Domicile from Basel to Zurich 

The detailed invitation and further information on the AGM can be found on the Company's website: https://ir.youngtimers.com/meetings/.

About Youngtimers AG

Youngtimers AG is listed in Switzerland (Symbol YTME on SIX Swiss Exchange) and headquartered in Basel. Following the acquisition of C Capital, Youngtimers AG now operates, amongst others, C Capital, an APAC-focused global asset management firm. This development marks a significant step in expanding Youngtimers AG’s investment expertise and global reach.
 
For more information, please contact:
 
Youngtimers AG 
ir@youngtimers.com
+41 61 563 10 72
Gerbergasse 48
4001 Basel, Switzerland
www.youngtimers.com