Annual General Meeting agrees dividend of EUR 0.21 per share

SMT Scharf AG: Annual General Meeting agrees dividend of EUR 0.21 per share 

• Longjiao Wang subsequently appointed as new CEO of SMT Scharf AG
• Five-strong Supervisory Board completed with the election of Dr. Lei Zhang, Prof. Wei Luan and Prof. Dr. Ferdinand Bernhard Mager
• Managing Board and Supervisory Board released from liability for the 2024 financial year by a large majority 

Hamm, 22 May 2025 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), one of the world’s leading suppliers of bespoke transport solutions and logistics systems for underground mining, successfully held its 2025 Annual General Meeting in Hamm last Tuesday. The share capital represented stood at 61.02 %. The Annual General Meeting approved all the proposed resolutions by a large majority and released members of the Managing Board and Supervisory Board from liability for the past financial year. The Annual General Meeting adopted a resolution to distribute a dividend of EUR 0.21 per eligible share for the 2024 financial year. The dividend policy pursued by the Managing Board and Supervisory Board was also enshrined in the Articles of Association in accordance with a resolution of the Annual General Meeting. According to this policy, every effort will be made to distribute the unappropriated retained earnings in an amount of at least 20% of the consolidated net profit for the year to the shareholders in the form of a dividend after deducting non-controlling interests.

Following the Annual General Meeting, a change in the management of the Managing Board was announced. The main shareholder, Yankuang Energy Group Company Limited, has offered the company's former CEO, Mr. Jun Liu, a new position within the group following the company's Annual General Meeting today. Mr. Liu has accepted this position with immediate effect and has resigned from his position as a member of the company's Managing Board. The Supervisory Board has appointed Mr. Longjiao Wang as a new member of the Managing Board with immediate effect and as the new CEO of SMT Scharf AG. Mr. Wang brings proven management expertise from his many years in executive positions within the mining industry. Most recently, he served at Yancoal Australia and Yankuang Energy Group. Mr. Wang holds a Bachelor's degree in Mining Engineering from Shandong University of Science and Technology, followed by a Master's degree in the same discipline from the same institution. Together with Mr. Reinhard Reinartz (COO) and Mr. Volker Weiss (CFO), Mr. Wang now forms the Managing Board team of SMT Scharf AG.

Li Zhang, Chairman of the Supervisory Board, commented: “The entire Supervisory Board would like to express its sincere thanks to Mr. Liu for his valuable contributions and commitment to SMT Scharf AG. We wish him every success and all the best for the future. At the same time, we are delighted to have found an experienced manager with mining expertise in Mr. Longjiao Wang as his successor. We look forward to a constructive exchange and a trusting working relationship.”

Commenting on his appointment to the Managing Board, Longjiao Wang said: “The SMT Scharf Group is well positioned in key international mining markets. I am looking forward to my new role and will leverage my many years of management and mining expertise to successfully develop the company further.”

Meanwhile, the agenda for the Annual General Meeting included elections to the Supervisory Board which was made up of three members prior to the Annual General Meeting. In view of the fact that the Deputy Chairman of the Supervisory Board, Prof. Dr. Louis Velthuis, stepped down from the Board at the end of the Annual General Meeting, and given the two vacancies on the Supervisory Board, Dr. Lei Zhang, Prof. Wei Luan and Prof. Dr. Ferdinand Bernhard Mager were elected as new Supervisory Board members by the Annual General Meeting. Together with those already on the Board, Mr. Li Zhang, Chairman of the Supervisory Board, and Mr. Qiang Yu, they now make up the five-strong Supervisory Board.

At the Annual General Meeting, the Managing Board reported on SMT Scharf AG’s business performance in 2024 in order to subsequently provide an overview of developments in the first quarter of 2025 and expectations for the whole year. In spite of challenging underlying conditions in the market for mining equipment, SMT Scharf succeeded in meeting the forecast for revenue and earnings for 2024 which had been significantly raised in October. The main factor responsible for this success was the full consolidation of the Chinese joint venture company Shandong Xinsha Monorail Co., Ltd. as from November 2024 which made a major contribution to the rise in revenue and earnings alongside appreciable growth in the Tunnel Logistics segment. This enabled visible progress to be made in the strategically targeted expansion of business outside coal mining.

Furthermore, Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Cologne branch office, was appointed to audit the annual financial statements for the 2025 financial year.

The detailed voting results for the respective agenda items are made available on the website at www.smtscharf.com in the Investor Relations section.


Company profile

The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction. The main products include captivated railway systems that are deployed worldwide primarily in hard coal mines as well as in mines for gold, platinum and other metals. They are needed to transport material and personnel with payloads of up to 48 tonnes and on routes with gradients of up to 35 degrees. In addition, SMT Scharf supplies the mining sector with chairlifts. Since 2018, SMT Scharf’s diverse portfolio has also included rubber-tyred diesel and electric vehicles for mining and tunnelling, including loaders, scissor lifts and underground trucks. As part of the further diversification of the business, the product range has been successfully expanded since 2019 to include electronic components and control systems for mining and other industries. Overall, the SMT Scharf Group operates its own subsidiaries in seven countries and has agents around the world. Further information about the SMT Scharf Group can be found online at www.smtscharf.com.


Contact

Investor Relations
cometis AG
Thorben Burbach
Tel: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
E-mail: burbach@cometis.de