RELIEF THERAPEUTICS Holding SA Announces Results of Extraordinary General Meeting

Shareholders approved all proposals by a large majority

GENEVA, SWITZERLAND / ACCESSWIRE / April 26, 2024 / RELIEF THERAPEUTICS Holding SA (SIX:RLF)(OTCQB:RLFTF, RLFTY) (Relief Therapeutics, or the Company), a biopharmaceutical company committed to delivering innovative treatment options for select specialty, unmet and rare diseases, announces the results of the extraordinary general meeting (EGM) of shareholders, which took place in Geneva today, Friday, April 26, 2024. The proposed resolutions were approved by more than 85 percent of the represented votes.

EGM results

1. Election of new members of the Board of Directors

The EGM elected Mr. Peter de Svastich, Mr. Gregory Van Beek, and Mr. Thomas Elzinga as new members of the Company's Board of Directors, for a term of office extending until completion of the next Annual General Meeting expected in June 2024. As anticipated, Ms. Patrice Jean and Mr. Thomas Plitz have concluded their service on the Board of Directors, effective today.

Raghuram (Ram) Selvaraju, Chairman of the Board of Relief Therapeutics, commented: "We are welcoming three new board members, each with valuable expertise and fresh perspective, critical for guiding our strategic direction and enhancing shareholder value. At the same time, we express our deepest gratitude to our two departing members for their invaluable contributions and dedication in shaping our path forward."

2. Capital Reduction by Reduction of Nominal Value

The EGM approved a reduction of the nominal value of the Company's share capital from CHF 56'163'348.00 to CHF 1'404'083.70. The number of outstanding shares, as well as shareholders' financial and patrimonial rights, are not affected by this technical adjustment.

3. Increase of the Conditional Share Capital

The EGM approved an increase of the existing conditional share capital to 7'000'000 shares.

4. Reinstatement and Extension of the Capital Band

The EGM approved an increase of the Company's capital band to 7'000'000 shares and extended its duration until April 25, 2029.

5. Votes on the compensation of the members of the Board of Directors and of the Executive Committee

The EGM approved a maximum amount of CHF 500'000 for compensation of the members of the Board of Directors for the period from the Annual General Meeting 2023 until the Annual General Meeting 2024, and a maximum amount of CHF 4'000'000 for the members of the Executive Committee for the financial year 2024, inclusive of fixed and variable compensation, stock options, and other benefits.