Proposal of the Board of Directors

The Board of Directors will propose at the Annual General Meeting of the shareholders on 21 April 2023 the following:

Appropriation of Retained Earnings

in 1 000 CHF	2022	2021
Retained earnings carried forward from previous year	195 409	195 937
Net profit for the year	47 293	9 844
Plus undistributed dividends from treasury shares		49
Retained earnings	242 702	205 830

Distribution of a dividend ^¹ for the financial year 2021		– 10 421
Distribution of a dividend ^¹ for the financial year 2022	– 10 421
Retained earnings carried forward	232 281	195 409

Appropriation of capital contribution reserve

in 1 000 CHF	2022	2021
Carry forward from previous year	442 788	453 159
Withholding tax free distribution ^¹ for the financial year 2021		– 10 421
Withholding tax free distribution ^¹ for the financial year 2022	– 10 421
Plus non distribution for treasury shares		49
Capital contribution reserve carried forward	432 367	442 788

¹ No distribution for treasury shares at the time of payment.