DGAP-News: Wacker Chemie AG: Corona Pandemic: WACKER to Hold Virtual Annual Shareholders' Meeting in 2022 to Protect Participants' Health

Munich, December 9, 2021 - Due to the ongoing corona pandemic, Wacker Chemie AG has decided to hold next year's Annual Shareholders' Meeting scheduled for May 20, 2022, as a virtual event without the physical presence of its shareholders or their proxies. The chemical company's Supervisory Board approved an Executive Board resolution to that effect yesterday.

WACKER's decision is based on a legal provision that allows virtual-only shareholders' meetings in view of future pandemic-related meeting restrictions. In early September, the German Bundestag had extended until end of August 2022 the option to hold Annual Shareholders' Meetings virtually, which was already in effect for this year.

"WACKER's top priority here is the participants' health," explains CEO Christian Hartel. "The latest wave of the pandemic is in full swing. In addition, there are novel corona virus mutations, which we cannot foresee at the moment how they will impact infection numbers. As it is currently not clear under what conditions large events requiring attendance can be held next year, we decided to go for a virtual Annual Shareholder's Meeting in 2022," adds Hartel.

WACKER will publish its invitation to the virtual Annual Shareholders' Meeting in due course.

This press release contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update its forward-looking statements, nor does it assume the obligation to do so.

For further information, please contact:
Wacker Chemie AG
Media Relations & Information
Christof Bachmair
Tel. +49 89 6279-1830
christof.bachmair@wacker.com