Document

以下是公司普通股关键条款的摘要。其中包括与普通股、公司章程、特别表决权股条款和荷兰法律相关的信息，截至2023年12月31日公司年度报告在第20-F表格上生效的法律。此处所述的公司章程和特别表决权股条款摘要均须参阅公司章程和特别表决权股条款的全文，方为完整。

截至2023年12月31日，公司的授权股本总额为1870万欧元，分为4亿普通股，每股面值0.02欧元，2亿A特别表决股，每股面值0.02欧元，5千万B特别表决股，每股面值0.08欧元和1千5百万C特别表决股，每股面值0.18欧元。为了方便公司的忠诚投票结构，公司章程规定在董事会与荷兰商业登记处提交所需备案后，可增加授权股本的过渡性规定。所有已发行的普通股和A特别表决股已全部已足额缴纳。

根据公司章程规定，普通股和特殊表决股可根据董事会提议的股东大会通过的决议发行，或者根据股东大会指定的董事会提供，或者由董事会提供。一经股东大会通过的决议指定，股东大会不能撤回，除非在指定时决定其他。董事会发行股份或授予权利（例如授予期权）的权限范围和期限将由股东大会的决议确定，并且最多涉及公司授权资本中所有未发行的股份的日期，董事会决定发行股份或授予权利。

订阅股份。该授权的期限不得超过五年。董事会被指定为发行股份或授予订阅股份权利的机构，可以分别由股东大会的决议延长，但延长期限不得超过五年。董事会可以根据股东大会的指定在任何情况下确定的发行股份数或授予的订阅股份权利的最大数量。

根据荷兰法律和章程规定，每位股东在发行新普通股或授予认购普通股权利时，享有优先认购权，比例与其持有的普通股总数成正比。除非以下情况除外：（i）向公司员工或其集团的另一家公司发行新普通股或授予普通股认购权；（ii）非以现金支付；以现金支付；以及（iii）向行使先前授予的普通股认购权的人发行新普通股或授予普通股认购权。特殊表决股份持有人无权享有优先购买新发行的普通股或特殊表决股份的权利，也不会因特殊表决股份的发行而存在优先购买权。根据荷兰法律，优先权可在发行新普通股或授予认购普通股权利的公告后至少两周的期间内行使，在《荷兰国家公报》公告。

董事会提议的股东大会，或者大会指定董事会代表，有权解决在发行普通股或授予普通股认购权时限制或排除优先购买权的问题。如果拥有不足半数已发行股本的股东出席，股东大会通过限制或排除优先购买权或授权董事会这样做的决议需要获得投票的三分之二多数。如果出席会议的股本已达一半或更多，该决议则可获得简单多数的投票通过。

根据荷兰法律，董事会可以被指定为限制或排除优先认股权的主管机构，但限制期不得超过五年，只有在董事会也被授权或同时被授权发行普通股的情况下才能这样做。如果董事会向股东大会提出限制或排除优先认股权的提议，必须书面解释提案的理由和拟定发行价格的选择。

根据章程条款，只要普通股在受监管的外国证券交易所上市，董事会可以根据适用的荷兰法律决定，前述段落不适用于由董事会为该外国证券交易所上市目的而指定的在荷兰以外的注册人所登记的股东名册部分中的普通股，并且此类股票的物权法方面应受该证券交易所所在国的法律管辖。

For additional information on the Special Voting Shares, see the Company’s annual report on Form 20-F for the year ended December 31, 2023 under “Item 10.B—Memorandum and Articles of Association — Loyalty Voting Program—Terms and Conditions of the Special Voting Shares”.

Pursuant to Dutch law and the Articles of Association, the distribution of dividends will take place following the adoption of the annual accounts, from which the Company will determine whether such distribution is permitted. The Company may make distributions to its shareholders, whether from profits or from the Company’s freely distributable reserves, only insofar as the Company’s shareholders’ equity exceeds the sum of the paid-up and called-up share capital plus any reserves to be maintained by Dutch law or the Articles of Association.

The Board may resolve to reserve the profits or part of the profits. Any profits remaining after the reservation referred to in the previous sentence by the Board will first be applied to allocate and add to the dividend reserve for each class of Special Voting Shares an amount equal to 1% of the aggregate nominal value of all issued and outstanding Special Voting Shares of that class. The profits remaining after application of the preceding sentence will be at the disposal of the General Meeting, which may resolve to add the remaining profits to the reserves or distribute them to the holders of Ordinary Shares. Distributions of dividends will be made to the Company’s shareholders in proportion to the nominal value of their Ordinary Shares.

Pursuant to Dutch law and the Articles of Association, the Board or the General Meeting at the proposal of the Board are allowed to resolve upon interim distributions on Ordinary Shares. For this purpose, the Board must prepare an interim statement of assets and liabilities. Such interim statement shall show the Company’s financial position not earlier than on the first day of the third month before the month in which the resolution to make the interim distribution is announced. An interim dividend can only be paid if (i) an interim statement of assets and liabilities is drawn up showing that the funds available for distribution are sufficient, and (ii) the Company’s shareholders’ equity exceeds the sum of the paid-up and called-up share capital and any reserves to be maintained by Dutch law or the Articles of Association. Interim distributions may be made in cash and in kind (such as in the form of Ordinary Shares).

特别投票股份的持有者将不会就特别投票股份获得任何分红派息；然而，公司将为每类特别投票股份维护一个独立的分红派息储备，仅用于分配累计到特别投票股份的强制最小利润（具体描述见公司截至2023年12月31日的年度报告中的“第10.B项——公司章程和细则 — 忠诚投票结构。）任何来自特别投票股份分红派息储备的分配或任何此类储备的部分或全部释放均需董事会提前提出提案，并需相关类别特别投票股份持有者会议的决议，并将专门按照相关类别特别投票股份的总名义价值按比例分配给相关类别的特别投票股份持有者。

在股东大会上投票。公司或其子公司持有的股份不得在股东大会上投票。然而，普通股的用益权持有人并不被排除在对该等股份投票的权利之外，前提是该用益权或质押权是在该股份被公司或其任何子公司获得之前授予的。公司不得就其自身或子公司持有用益权或质押权的股份进行投票。根据前述句子，未享有投票权的普通股将不被计入可投票股份的数量或在股东大会上出现或代表的股本总额。除非荷兰法律或章程另有规定，否则在股东大会上通过的所有决议均需以简单多数的方式通过。

董事由股东大会依据董事会的约束性提名进行任命，前提是如果在相关股东大会召开时，发起人集团满足最低持有要求，则必须任命一名非执行董事，由IIAC发起人进行约束性提名。如果发起人的提名人未曾担任过董事，则提名须经董事会的自行决定批准。

如果赞助集团未能满足最低持股要求，IIAC赞助人的提名权将立即失效，前提是如果此类失败不是由于赞助集团任何成员出售或转让普通股所致，则如果此类失败从赞助集团任何成员知道此类失败之日起持续超过20个交易日，IIAC赞助人的提名权将失效。在提名权终止后，赞助提名人（或替代赞助提名人的任何临时董事）应应公司的要求立即辞去董事会的职务。

The General Meeting will at all times be allowed to overrule a binding nomination for the appointment of a Director by a simple majority of the votes cast, representing more than one-third of the Company’s issued share capital. If a majority of the votes are cast in favor of overruling the binding nomination, but that majority does not represent more than one third of the Company’s issued share capital, a new General Meeting may be convened at which the resolution to overrule the binding nomination may be adopted by a simple majority of the votes cast, regardless of the Company’s issued share capital represented by that majority.

In the event the binding nomination for the appointment of any Director other than the Sponsor Nominee is overruled, the Board is allowed to make a new binding nomination to fill the vacancy. In the event that also this binding nomination is overruled, the General Meeting shall be free to appoint a Director to fill the vacancy. In the event the binding nomination for the appointment of the Sponsor Nominee is overruled, the IIAC Sponsor may make a new binding nomination to fill the vacancy, provided that at the time of the convocation of the relevant General Meeting, the Sponsor Group satisfies the Minimum Holding Requirement.

The General Meeting may at all times suspend or dismiss a Director. Such resolution will require a majority of at least two-thirds of the votes cast, representing more than half of the Company’s issued share capital, or, if such resolution is proposed by the Board, by a simple majority of the votes cast, representing more than half of the Company’s issued share capital.

公司只能由董事会提议的股东大会决议解散。如果公司被解散并清算，在满足所有债务后，公司的剩余股权将被分配。首先，每类特殊投票股的股利准备金余额将按照其特殊投票股类别的总面值，惠及该类别特殊投票股的持有人。任何剩余的余额将按每位持有者所持普通股的总面值，惠及普通股的持有人。

关于修改章程的股东大会决议只能在董事会提议下由股东大会通过，如果任何修正不利于IIAC赞助商的权利，如2023年12月31日结束的公司年度报告中“第10.B项——赞助商提名人的肯定投票”所述，则该提议需要赞助商提名人的肯定投票。公司章程和细则关于章程修正的决议将需要简单多数的投票通过。

在交易结束时，公司、Monterubello、Ermenegildo (Gildo) Zegna和IIAC赞助方签署了股东协议，依据该协议，除其他事项外，只要赞助方集团满足最低持股要求，(i) 协议各方将，并将促使其各自控制的关联公司，行使其权利和权力，以便赞助提名人在以下情况下只会被（a）根据IIAC赞助方的书面要求暂停担任董事，除非董事会合理确定不暂停赞助提名人将违反董事会的受托责任，和（b）根据IIAC赞助方的书面要求或在赞助提名人作为非执行董事在职务执行中存在欺诈或故意不当行为的情况下被解雇；(ii) 公司将向赞助提名人提供机会，以便向董事会提议任命其担任审计委员会和/或薪酬委员会的成员；(iii) IIAC赞助方将有权根据股东协议中包含的条款和例外参与公司的某些资本募集。

只要赞助商集团满足最低持股要求，并符合股东协议中的条件，公司还将(i) 在进行与类似时尚或奢侈品公司的合并的任何重大转型收购之前，诚意地咨询IIAC赞助商并征求其意见，或确定支付特别现金分红，并(ii) 为IIAC赞助商的高级代表提供访问权限，使其能够每月与公司的首席财务官和首席运营官互动，每季度与公司的首席执行官交流，在每种情况下提问有关公司的事务，前提是，在每种情况下，

The General Meeting may resolve to reduce the Company’s issued share capital by a cancellation of shares or by reducing the nominal value of the shares by amending the Articles of Association. A resolution to cancel shares may only relate to shares held by the Company itself or all issued shares of any class of Special Voting Shares. A resolution to cancel all issued shares of any class of Special Voting Shares will be subject to approval of the meeting of holders of such class of Special Voting Shares. Cancellation of a class of Special Voting Shares will take place without the repayment of the nominal value of the class of Special Voting Shares, which nominal value will be added to the special capital reserve.

A resolution of the General Meeting to reduce the share capital requires a majority of at least two-thirds of the votes cast at a General Meeting if less than half of the issued share capital is represented at the meeting. If half or more of the issued share capital is represented at the meeting, such resolution is adopted with a simple majority of the votes cast.

Pursuant to article 2:92a of the Dutch Civil Code, a shareholder who, for his or her own account, holds at least 95% of the Company’s issued and outstanding share capital may initiate proceedings against the other shareholders jointly for the transfer of their shares to the claimant. The proceedings are held before the Dutch Enterprise Chamber (Ondernemingskamer) and can be instituted by means of a writ of summons served upon each of the minority shareholders in accordance with the provisions of the Dutch Code of Civil procedure (Wetboek van Burgerlijke Rechtsvordering). The Dutch Enterprise Chamber may grant the claim for the squeeze-out in relation to all minority shareholders and will determine the price to be paid for the shares, if necessary after appointment of one to three expert(s) who will offer an opinion to the Dutch Enterprise Chamber on the value to be paid for the shares of the minority shareholders. Once the order to transfer becomes final before the Dutch Enterprise Chamber, the person acquiring the shares must give written notice of the date and place of payment and the price to the holders of the shares to be acquired whose addresses are known to him or her. Unless the addresses of all of them are known to the acquiring person, such person is required to publish the same in a Dutch national daily newspaper.