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Expert Corporate Governance Service (ECGS)
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KION Group - AGM 09 May 2019

Item 5: Deloitte, Munich, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that Deloitte has audited the Company since the financial year 2007 which exceeds our maximum acceptable term of office of 10 years. We therefore recommend opposing the re-election of Deloitte as auditor.

Items 6.1 and 6.2: We recommend to oppose the election of Michael Macht and Tan Xuguang to the Supervisory Board due to our concerns over the insufficient independent representation on the Board.

Underlying
Kion Group GmbH

Kion Group AG is a Germany-based supplier of industrial trucks, related services and supply chain solutions. The activities of the Company are divided into three segments: Industrial Trucks and Services, Supply Chain Solutions and Corporate Services. The Industrial Trucks and Services segment comprises forklift trucks, warehouse technology, counterbalance trucks, towing vehicles, as well as automated trucks and autonomous trucks. It operates through three international brands: Linde, STILL and Baoli, as well as through three regional brands: Fenwick (France), OM STILL (Italy) and OM Voltas (India). The Supply Chain Solutions segment offers integrated technology and software solutions, picking equipment, automated storage and retrieval systems, sorters, and conveyors, marketed under the Dematic brand. The Company is active in more than 100 countries across the world.

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Proxinvest
Proxinvest

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Expert Corporate Governance Service (ECGS)

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