General Principles

The Corporate Governance Report has been prepared and structured in accordance with the SIX Swiss Exchange Directive on Information relating to Corporate Governance (DCG) dated 2 December 2025 and effective as of 1 January 2026. The report also reflects the recommendations set out in the Swiss Code of Best Practice for Corporate Governance, issued by the Swiss Business Federation (economiesuisse), as applicable on 31 December 2025. The Corporate Governance Report covers the period from 19 September 2025 (IPO date) to the end of the 2025 financial year.

To ensure consistency and avoid duplication, certain sections of this report include cross-references to other parts of the Annual Report, such as the Consolidated Financial Statements and the Compensation Report.

The Board of Directors, under the guidance of the Chairperson, is responsible for setting the strategic direction of the Group and overseeing the Group’s overall management and performance. These responsibilities are borne collectively. The Board of Directors has established dedicated committees to assist in specific areas of its work.

The Group’s key principles and rules relating to governance are defined in its Articles of Association and Organisational Regulations, as well as other internal regulations and directives. A central element is the Code of Conduct issued by the Board of Directors, which outlines the Group’s commitment to integrity, ethical behaviour, sustainability, diversity, cybersecurity, and compliance with all applicable laws and regulations as well as the Group’s internal policies, directives, and guidelines. The Board of Directors expects all employees to adhere to these standards, to act responsibly, to respect others and the environment, and to report any potential breaches of the Code of Conduct.