240 241 MONCLER GROUP
2021
&RPPLWWHH´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
LVVXHGDGHFODUDWLRQRIFRQVLVWHQF\ZKLFKVKRZVWKDWWKH%RDUGRI'LUHFWRUV¶ 5HSRUWDFFRPSDQ\LQJWKH6HSDUDWHDQGWKH&RQVROLGDWHG)LQDQFLDO6WDWHPHQWV DVRI'HFHPEHUDQGVRPHRIWKHVSHFLILFLQIRUPDWLRQLQWKH³5HSRUW RQ&RUSRUDWH*RYHUQDQFHDQG2ZQHUVKLS´LQGLFDWHGLQ$UWLFOHDSDUD 78) IRUZKLFK WKH&RPSDQ\¶VGLUHFWRUV DUH UHVSRQVLEOHZDVSUHSDUHG LQ DFFRUGDQFHZLWKWKHSURYLVLRQVRIODZ
LVVXHGDQRSLQLRQRQWKHFRQIRUPLW\RIWKHVHSDUDWHDQGFRQVROLGDWHGILQDQFLDO VWDWHPHQWV ZLWK WKH SURYLVLRQV RI 5HJXODWLRQ (8 ³(6() 5HJXODWLRQ´
GHFODUHGWKDWWKH\KDGQRWKLQJWRUHSRUWLQWHUPVRIDQ\VLJQLILFDQWHUURUVLQWKH %RDUGRI'LUHFWRUV¶5HSRUWRQWKHEDVLVRIWKHLUNQRZOHGJHDQGXQGHUVWDQGLQJ RIWKHEXVLQHVVDQGLWVFRQWH[WDFTXLUHGGXULQJWKHFRXUVHRIWKHDXGLWDFWLYLW\
YHULILHGWKHGLUHFWRUV¶DSSURYDORIWKH1RQ)LQDQFLDO5HSRUW $IWHUDWWHQGLQJWKHPHHWLQJVRIWKH&RQWURO5LVNVDQG6XVWDLQDELOLW\&RPPLWWHH
ZKLFKZHUHDWWHQGHGE\WKH)LQDQFLDO5HSRUWLQJ2IILFHUDQGWKHPDQDJHUVRIWKH LQGHSHQGHQWDXGLWRUVWKH%RDUGRI6WDWXWRU\$XGLWRUVKDVQRREVHUYDWLRQVWRPDNH DV WR WKHSURSHUXVHRI WKHDFFRXQWLQJVWDQGDUGVRU WKHLUFRQVLVWHQWXVHLQ WKH SUHSDUDWLRQRIWKHFRQVROLGDWHGILQDQFLDOUHSRUW 2Q0DUFKWKH([WHUQDO$XGLWLQJ)LUPDOVRJDYHWKH%RDUGRI6WDWXWRU\ $XGLWRUVDVXSSOHPHQWDU\UHSRUWDVUHTXLUHGE\$UWLFOHRI5HJXODWLRQ(81R ,QDQDQQH[WRWKDWUHSRUWWKHH[WHUQDODXGLWILUPDOVRJDYHWKH%RDUGRI 6WDWXWRU\$XGLWRUVDGHFODUDWLRQRQ LQGHSHQGHQFHDV UHTXLUHGE\$UWLFOHRI 5HJXODWLRQ (81RZKLFKGLGQRW UHYHDODQ\VLWXDWLRQ WKDWFRXOG FRPSURPLVH LQGHSHQGHQFH ,Q DFFRUGDQFH ZLWK WKH SURYLVLRQV RI $UWLFOH SDUDJUDSK D RI /HJLVODWLYH 'HFUHH WKH %RDUG GXO\ VHQW WKH VXSSOHPHQWDU\UHSRUWWRWKH%RDUGRI'LUHFWRUVZLWKRXWPDNLQJDQ\REVHUYDWLRQV ,QDFFRUGDQFHZLWK$UWLFOHSDUDJUDSKHRI/HJLVODWLYH'HFUHHWKH %RDUGRI6WDWXWRU\$XGLWRUV±DJDLQLQLWVUROHDV³,QWHUQDO&RQWURODQG$FFRXQWV $XGLWLQJ&RPPLWWHH´±YHULILHGDQGPRQLWRUHGWKHLQGHSHQGHQFHRIWKHDXGLWLQJ ILUP,QFRQGXFWLQJWKHVHDXGLWVQRVLWXDWLRQVZHUHIRXQGWKDWZRXOGFRPSURPLVH WKHLQGHSHQGHQFHRIWKHDXGLWLQJILUPQRUZHUHWKHUHDQ\FDXVHVRILQFRPSDWLELOLW\ ZLWKLQWKHPHDQLQJRIWKHDSSOLFDEOHUHJXODWLRQV7KLVKDVDOVREHHQFRQILUPHGE\ WKHGHFODUDWLRQJLYHQE\(<XQGHU$UWLFOHSDUDJUDSKDRI5HJXODWLRQ(81R $FWLYLWLHVRIWKH%RDUGRI6WDWXWRU\$XGLWRUVZLWKUHIHUHQFHWRQRQ DXGLWVHUYLFHV
:LWKUHIHUHQFHWRQRQDXGLWVHUYLFHVDWWKHUHTXHVWDQGZLWKWKHVXSSRUWRIWKH %RDUG LQ-XQHWKH&RPSDQ\DGRSWHGDVSHFLILFSURFHGXUHJRYHUQLQJWKH DZDUGLQJRIPDQGDWHVWRDXGLWLQJILUPVDQGWKHLUQHWZRUNVLQUHODWLRQWRQRQDXGLW VHUYLFHV³,QWHUQDO3URFHGXUHIRUWKHDZDUGLQJRIPDQGDWHVIRUQRQDXGLWVHUYLFHV WRWKHDXGLWRUVRIWKH*URXSDQGFRPSDQLHVLQLWVQHWZRUN´ 'XULQJLQDFFRUGDQFHZLWKWKHSURYLVLRQVRI$UWLFOHSDUDJUDSKHRI /HJLVODWLYH'HFUHHDQG$UWLFOHSDUDJUDSKRI5HJXODWLRQ(8 WKH%RDUGRI6WDWXWRU\$XGLWRUVLQLWVUROHDVWKH,QWHUQDO&RQWURODQG$FFRXQWV $XGLWLQJ &RPPLWWHH SUHUHYLHZHG WKH SURSRVDOV VXEPLWWHG IRU LWV DWWHQWLRQ