2. Ordinary capital increase

At the extraordinary general meeting held in Zug on 2 December 2024, the shareholders of Precious Woods Holding Ltd. approved the ordinary capital increase proposed by the Board of Directors. Interest-bearing and non-interest-bearing liabilities against Shareholders in the amount of CHF 43.5 million were converted into equity by offsetting, with 869 838 registered preferred shares with a nominal value of CHF 10.00 and a conversion price of CHF 50.00 being issued. Specifically, of the total of CHF 43.5 million short- and long-term interest-bearing liabilities against shareholders, CHF 8.7 million were converted into share capital and CHF 34.8 million were allocated to capital contribution reserves. Additionally, transaction costs of CHF 0.6 million were recognized in capital contribution reserves.