LEM HOLDING SA

LEM HOLDING SA, à Meyrin, CHE-103.334.260 (FOSC du 27.12.2024, p. 0/1006217461). Zhang Libo, d'Allemagne, à Trélex, est membre du conseil d'administration avec signature collective à deux. Signature collective à deux a été conférée à Chulia Antoine, de France, à Lausanne.

"Category: Notifications issued to company members/nSub-category: Invitation to the General Meeting/nPublication date: SHAB 04.06.2025/nPublicly viewable until: 04.06.2026/nPublication number: UP04-0000007236/nPublishing entity/nHomburger AG, Hardstrasse 201.

8005 Zürich/nInvitation to the ordinary general meeting LEM/nHOLDING SA/nOrganisation concerned:
/nLEM HOLDING SA/nCHE-103.334.260/nRoute du Nant-d'Avril 152/n1217 Meyrin/nGeneral meeting details:/n26.06.2025, 15.30 Uhr, Marriott Hotel, Cointrin.

Genève/nSwitzerland/nInvitation/Agenda:
/nInvitation to the Annual General Meeting of LEM HOLDING SA. The full text of the/ninvitation is included in the attached PDF./nInvitation/nAnnual General Meeting of/nShareholders of LEM HOLDING SA/nThursday, 26 June 2025.

at 15:
30 (CEST)/nMarriott Hotel, Cointrin, Genève,/nSwitzerland/nLEM Invitation to the Annual General Meeting of Shareholders 2025 3/nInvitation to the 2025/nAnnual General/nMeeting of/nShareholders of/nLEM HOLDING SA/nDate and time/nThursday.

26 June 2025/nat 15:
30 (CEST)/ndoors open at 15:00 (CEST)/nPlace/nMarriott Hotel/nChemin du Ruisseau 1, 1216 Cointrin, Genève, Switzerland/nPublic transportation/nFrom Geneva.

Cornavin:
take Tramway 14 (direction Meyrin, Gravière)/nand stop at Avanchets-Etang or take Tramway 18 (direction Meyrin,/nCERN) and stop at Avanchets-Etang. Take the pedestrian crossing in front/nof the Chevalley & Bentley garage and walk for approximately 300 metres./nThe hotel will be in front of you./nIf taking a taxi from Geneva, Cornavin, please allow for about 15 minutes/njourney time./nFrom Geneva Airport: Marriott shuttle at Arrival level, after the car park pay/nstation./nIf taking a taxi from Geneva Airport, please allow for about 5 minutes/njourney time./nCar parking/nCar parking is available at the/nMarriott Hotel, Chemin du Ruisseau 1,/n1216 Cointrin, Genève, Switzerland./nLEM's Board of Directors is pleased to invite you to/nthe 2025 Annual General Meeting of Shareholders./nDirections map/nLEM Invitation to the Annual General Meeting of Shareholders 2025 4/nDear Shareholder,/nThe 2024/25 financial year was shaped by continued geopolitical and/neconomic uncertainties and persistent market headwinds. While the first half/nremained under pressure due to cautious customer spending and high inven-/ntory levels, we saw encouraging signs of recovery in the second half. China/nin particular showed stabilization, especially in the Automotive business,/nwhere we achieved solid sequential growth and regained market share./nDemand in EMEA, the rest of Asia and the Americas remained subdued due/nto cautious capital investments and still elevated stock levels. Neverthe-/nless, we observed early signs of normalization across our businesses,/nprimarily also in Automotive in both Europe and the Americas, where project/nramp-ups and improved bookings supported a more positive development./nIn this environment, LEM continued to move forward, building on a busi-/nness model that is well-positioned to benefit from global megatrends such/nas electrification, renewable energies and e-mobility. We invested in inno-/nvation, strengthened customer proximity and aligned our structure to meet/nshifting market realities - mainly in China, where our efforts to win new/nprojects and build regional capabilities have continued to bear fruit./nWeak financial results but strong rebound in China and Automotive bookings/nThe challenging environment in the 2024/25 financial year is reflected in a/n24.4% decrease in sales to CHF 306.9 million. At CHF 262.2 million, book-/nings were 7.8% above the previous year's level. The China region recorded/na strong increase of 81.5%, while the Automotive business received 57.4%/nmore bookings./nEBIT declined by 76.7% to CHF 18.9 million, corresponding to an EBIT margin/nof 6.1%. This includes restructuring costs of CHF 7.9 million for the ""Fit for/nGrowth"" program. EBIT before restructuring costs would have reached CHF/n26.8 million, representing an EBIT margin of 8.7%. Net profit amounted to/n CHF 8.4 million, after CHF 65.3 million in the previous financial year./n Strategic transformation: Fit for Growth/n A key milestone of the year was the launch of our company-wide transfor-/n mation program, ""Fit for Growth."" This program is designed to improve/n competitiveness, strengthen our focus on Asia, and make LEM more agile/n and customer-centric. As global markets for new energy vehicles and/n renewable energy increasingly shift to Asia, our operations are following/n this trajectory. With a leaner structure, simplified processes and a sharp-/n ened regional focus, we expect ""Fit for Growth"" - which is progressing/n according to plan - to deliver significant EBIT improvements of CHF 18 to/n 22 million in 2025/26 and annual savings of around CHF 35 million from/n 2026/27 onwards./n ?Welcome/n LEM Invitation to the Annual General Meeting of Shareholders 2025 5/n In line with this strategy, we continued to ramp up production at our new/n facility in Penang, Malaysia, which now acts as a dual-sourcing hub for Asia,/n Europe and the Americas. The expanded site enhances our flexibility and/n proximity to customers while reinforcing supply chain resilience. At the/n same time, our operations in China remain focused on serving the domestic/n market, in line with our ""China for China"" approach./n Broad-based downturn across businesses, with early signs of stabilization/n The Automation business was impacted by the weak global investment/n climate and high stock levels, particularly in EMEA and Japan. The situation/n improved in the fourth quarter and LEM saw slight growth, market share/n gains, and an increase in short-term orders./n The Automotive business picked up again in the second half of the year,/n with robust growth in China and project ramp-ups in Europe and the Amer-/n icas. LEM expects further traction in the coming year, reflected in the/n strong increase in bookings. Additionally, we secured new project wins in/n EV battery management and inverter applications across Europe and China,/n strengthening our leadership position in e-mobility./n In Renewable Energy, business remained challenging due to high inventory/n levels and weak export activity from China. Nevertheless, the domestic/n business in China remained robust, and LEM strengthened its position in a/n consolidating market./n Energy Distribution & High Precision was affected by lower demand for DC/n meters and project delays in the rollout of charging infrastructure in Western/n markets, though increasing exports from Chinese charging station manu-/n facturers helped support sales./n Our Track business was subdued in Europe due to expiring retrofitting pro-/n jects. Follow-up orders will not start before the third quarter 2025/26./n Performance in India declined as a result of customers losing market share./n However, the business continues to follow long investment cycles,/n providing steady, albeit slower development opportunities./n Economic uncertainty with stabilization emerging in China/n The China region showed clear signs of stabilization and LEM demonstrated/n remarkable resilience in this highly competitive market. This was most/n noticeable in Automation, Automotive as well as Energy Distribution and/n High Precision. LEM strengthened its Chinese market position across key/n segments and secured new customer projects./n In the Rest of Asia, subdued overall market demand was further amplified by/n high inventory levels. However, the ramp-up of the Penang site supported/n our ability to serve global customers through cost-effective production and/n dual-sourcing./n LEM Invitation to the Annual General Meeting of Shareholders 2025 6/n EMEA saw a significant decline in demand across most segments due to/n the economic slowdown and cautious investment behavior. Only Automo-/n tive showed a certain resilience thanks to project ramp-ups./n The development in the Americas region rema"

LEM HOLDING SA, à Meyrin, CHE-103.334.260 (FOSC du 26.07.2023, p. 0/1005804764). Les pouvoirs de Borla Andrea Luigi sont radiés.