Supervisory Board Report
Dear shareholders,
Richard A. Seidlitz
Supervisory Board Chair
In the year under review the Supervisory Board addressed matters concerning the situation and growth of DATA MODUL AG in detail. The Board fulfilled the obligations incumbent upon it, advising and supervising the Executive Board in its work.
The Executive Board regularly informed the Supervisory Board both verbally and in writing regarding business developments at DATA MODUL AG.
In these meetings the Supervisory Board was informed regarding market challenges and how our sales volume, financial position and earnings are being impacted by factors including chiefly the war in Ukraine, growing tensions between China, Europe and the US, and a troubled global economy. DATA MODUL Group sales and profits were presented in quarterly reporting, including a breakdown by business segment.
Principal discussion topics of the Supervisory Board
In the period under review the Supervisory Board convened for four meetings. All meetings were attended by all members of the Supervisory Board. The main issues addressed in these meetings are outlined below.
At the Supervisory Board meeting in March 2025, the Annual Financial Statements prepared by the Executive Board for DATA MODUL AG and for the Group for fiscal year 2024 were presented and discussed in detail. The Supervisory Board adopted the Annual Financial Statements of DATA MODUL AG and approved the Consolidated Financial Statements. Representatives of Forvis Mazars GmbH & Co. KG, Wirt-schaftsprüfungsgesellschaft, Steuerberatungsgesellschaft, Hamburg, which audited our Separate and Consolidated Financial Statements, attended this meeting. The Supervisory Board also reviewed the Dependent Company Report per Sec. 312 (1) of the German Stock Corporation Act (Aktienge-setz/AktG) on relations between DATA MODUL AG and its affiliated companies, which the Executive Board presented.
The German Corporate Governance Code declaration per Sec. 161 of the German Stock Corporation Act (Aktiengesetz/ AktG) and the Corporate Governance Declaration per Sec. 289f of German Commercial Code (HGB) were additionally discussed and adopted, among other Board activities. The Declaration of Compliance per Sec. 161 AktG and the Declaration on Corporate Governance per Sec. 289f and 315d HGB have been made publicly available on the Company website at https://www.data-modul.com.
In addition, in a meeting in March 2025 the Supervisory Board addressed the agenda of the 2025 Annual Shareholders' Meeting in detail and the resolution proposals for shareholders to vote on at the Meeting. Discussion focused as well on the business results and outlook thus far for fiscal year 2025.
The primary discussion items at the Supervisory Board meeting of May 2025 were current business performance and the 2025 shareholders' meeting.
The primary discussions items at the Supervisory Board meeting in September 2025 were the economic situation and business performance of the DATA MODUL Group in light of the ongoing war in Ukraine creating economic challenges in Europe. The Executive Board also noted one-time items in the current fiscal year and continuing challenges concerning the business model of the DATA MODUL Group.
At the meeting in November 2025, the CEO reported to the Supervisory Board on matters including the current business and financial situation of the Group and presented on the impact of strategic decisions made on DATA MODUL Group results in the current fiscal year thus far. The CEO also presented the financial plan for 2026, which the Supervisory Board approved. Additionally, the auditor reported regarding audit planning for fiscal year 2025.
The Company provides support to Supervisory Board members in connection with their appointment and continuing education. No onboarding events were conducted in fiscal year 2025 because no new members were court-appointed to the DATA MODUL AG Supervisory Board.
Salesh Rampersad
Supervisory Board Deputy Chair
Audit of the Separate and Consolidated Financial Statements
In early 2026 the Executive Board prepared the DATA MODUL AG Separate Financial Statements and Management Report for fiscal year 2025 in accordance with German Commercial Code (HGB) accounting rules; the Consolidated Financial Statements and Group Management Report were prepared in accordance with International Financial Reporting Standards (IFRS) applicable in the EU, and with the supplemental German GAAP accounting rules per Sec. 315e of German Commercial Code.
The Company's auditors audited both sets of Financial Statements including Management Reports, thereupon issuing unqualified audit opinions.
The auditor also audited the Dependent Company Report. The report covers the period January 1 - December 31, 2025. The auditor issued the following unqualified audit opinion regarding the Dependent Company Report:
"Based on our professionally conducted audit and corresponding opinion, we confirm that 1. the factual information in the Report is correct and 2. consideration paid by the Company in the transactions disclosed in the Report was not unreasonably high."
At its March 2026 meeting, the Supervisory Board discussed in detail the Financial Statements for fiscal year 2025 and Dependent Company Report. Representatives of the auditing firm attended the meeting, reported on their audit findings and provided additional information. In their review, the auditors found no material weaknesses regarding the structure or effectiveness of the internal control and risk management system in place.
Eberhard Kurz
Head of R&D - Display Solutions
The Supervisory Board reviewed the Separate Financial Statements and Management Report of DATA MODUL AG, the Consolidated Financial Statements and Group Management Report for fiscal year 2025 and the Dependent Company Report. This review by the Supervisory Board did not result in the noting of any reservations regarding the Separate Financial Statements, Consolidated Financial Statements, Dependent Company Report, the Executive Board's concluding declaration in the Dependent Company Report or the auditor's findings from auditing of the Dependent Company Report. The Supervisory Board approved the 2025 Consolidated Financial Statements, adopted the 2025 Separate Financial Statements and agreed to the Executive Board's proposal for the appropriation of accounting profits.
Supervisory Board members
The DATA MODUL AG Supervisory Board consists of three members. The Supervisory Board did not form any separate committees during the reporting period, as this is not expected to yield efficiency gains in view of the Supervisory Board being constituted of three members.
The Supervisory Board would like to thank and recognize the work of the Executive Board as well as the contributions of all DATA MODUL employees worldwide for their dedication in fiscal year 2025.
For the Supervisory Board
Richard A. Seidlitz, Supervisory Board Chair Munich, March 2026