Supervisory Board

Chairman of the Supervisory Board:
Dr.-Ing. Wolfhard Leichnitz
Essen, Germany
Citizenship: german
Biography

Deputy Chairwoman of the Supervisory Board:
Christine Kreidl
Diplom - Kauffrau
Regensburg, Germany
Citizenship: german
Biography

Member of the Supervisory Board:
Dr. rer. nat. Rolf Blessing
Trendelburg, Germany
Citizenship: german
Biography

Advice and oversight by the Supervisory Board

At its meetings, the Supervisory Board took a close look at business developments within SINGULUS TECHNOLOGIES AG in the 2017 fiscal year. The reports submitted by the Executive Board were based on key indicators showing developments in order intake, revenue and earnings. A particular emphasis was placed on ongoing reporting on the liquidity situation and equity development. Actual business developments in 2017 were compared against the Company's budget targets. All deviations were documented and any measures required to make corrections were discussed with the Executive Board. Further written and oral reports provided by the Executive Board, other employees, the Company's auditors and external consultants rounded off the reporting process.

The Executive Board and the Supervisory Board coordinated the further development of the Company's strategic orientation and discussed the implementation of this strategy at regular intervals. The necessary investment plans were analyzed and approved within the context of the strategy that had been adopted.

The Supervisory Board verified that the transactions discussed were lawful, expedient and proper, giving particular consideration to the Company's economic situation.

The Executive Board sent the Supervisory Board all interim reports, as well as the half-yearly financial report for the 2017 fiscal year in a timely manner prior to their publication. The Executive Board explained the reports and presented all key indicators and statements in detail. In particular, the Supervisory Board asked for detailed explanatory information on the income statement, the liquidity situation and the development of equity, as well as on other selected balance sheet items. The suggestions made by the Supervisory Board on the individual interim reports and the half-yearly financial report were implemented by the Executive Board.

Over the last fiscal year, the Supervisory Board was provided with regular information on the course of business and the Group's economic situation. The Supervisory Board received monthly reports from the Executive Board on current business developments in the individual segments, including developments in the market environment, as well as the order intake, order backlog and key financial indicators. The development in the equity of the SINGULUS TECHNOLOGIES Group and SINGULUS TECHNOLOGIES Aktiengesellschaft was addressed at all Supervisory Board meetings. The Company's liquidity was documented and monitored on an ongoing basis throughout the year. The Chairman of the Supervisory Board also discussed the Company's position and its further development at regular individual meetings held with the Executive Board. He then reported back to the other members of the Supervisory Board.

The Supervisory Board discussed and reviewed all transactions that were subject to its consent, as well as any transactions that required its involvement in the interests of the Company. These also included, in particular, new projects that involved expanding the Company's existing range of services. The Supervisory Board was directly involved in all decisions that were of material importance to the Company.

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