Verona, 14 February 2020. The Board of Directors held yesterday, February 13, for the sake of full transparency and clarity and in the interest of all concerned members and of the market, in relation to the proposal presented by five members to amend the Articles of Association in various parts, and now on the agenda of the extraordinary meeting already convened for 6 and 7 March 2020, unanimously approved, except for Mr. Minali who was absent, to express a negative opinion on the same, because not in the interest of the Company and, therefore, to recommend a contrary vote, since the proposal is inseparable and, therefore, subject to a joint vote.