At the Extraordinary Shareholders' Meeting of INDUS Holding AG, a large majority of the shareholders resolved to amend the statutes and elected new Supervisory Board members representing the shareholders. The election was based on a decision by the Higher Regional Court of Dsseldorf dated 4 June 2018, according to which INDUS Holding AG is subject to the German Co-determination Act (MitbestG). Against this background, the company had to amend the statutes to comply with the provisions of the Co-determination Act and to elect new Supervisory Board members representing the shareholders. Isabella Pfaller, member of the Board of Versicherungskammer Bayern (Bavarian Insurance Chamber), and Jürgen Abromeit, former Chairman of the Board of Management of INDUS Holding AG, were elected new members of the Supervisory Board. At the constituent Supervisory Board meeting, which was held directly after the Extraordinary Shareholders' Meeting, Jürgen Abromeit was elected Chairman of the Supervisory Board.