On March 26, 2024, Baloise Holding AG announced that zCapital has submitted proposals to the Board of Directors, according to which the registration and voting rights restriction in the articles of associations is to be lifted, at the annual meeting of shareholders scheduled to be held on April 26, 2024, and the Company stated that Considering the interests of the various stakeholders and the feedback received so far, the Board of Directors takes the view that the complete lifting of the registration and voting rights restriction without replacement proposed by zCapital is not in the long-term interest of Company and the majority of its shareholders, encouraged the shareholders to vote and recommended zCapital?s proposals be rejected, at the 2024 annual meeting of shareholders.