113 COnSOLIdATed FInAnCIAL STATeMenTS112 COnSOLIdATed FInAnCIAL STATeMenTS MONCLER GROUP 2023

level 3: Fair values measured using inputs for the asset or li- ability that are not based on observable market data (i.e. un- observable inputs).

2.20 PUT AND CALL AGREEMENTS WITH MINORITY SHAREHOLDERS

The Group records the financial liabilities relating to put options granted to minority shareholders at the present value of the option exercise price. On the initial recognition of the liability, this value is reclassified from equity by reducing the minority share if the terms and conditions of the put option give the Group access to the eco- nomic benefits associated with the share of the capital option. The Group accounts for this share as if it had already been purchased in application of the anticipated interest method. According to IAS 32, the recognized financial liability is equal to the best estimate of the option s strike price and is subsequently remeasured at each clos- ing date in accordance with IFRS 9. The accounting policy adopted by the Group provides for the recognition to equity of any change in the value of the liability.

2.21 ACCOUNTING STANDARDS AND RECENTLY PUBLISHED INTERPRETATIONS

ACCOUnTInG STAndARdS, AMendMenTS And InTeRPReTATIOnS eFFeCTIVe FROM 1 JAnUARY 2023

Title Issued date Effective date Endorsment date EU regulation and date of publication disclosure of Accounting policies February 2021 1 January 2023 2 March 2022 (Ue) 2022/357 (Amendments to IAS 1 and IFRS 3 March 2022 Practice Statement 2) definition of accounting estimates February 2021 1 January 2023 2 March 2022 (Ue) 2022/357 (Amendments to IAS 8) 3 March 2022 deferred tax related to assets May 2021 1 January 2023 11 August 2022 (Ue) 2022/1392 and liabilities arising 12 August 2022 from a single transaction (Amendments to IAS 12 Income taxes) IFRS 17 Insurance contracts May 2017 1 January 2023 19 november 2021 (Ue) 2021/2036 (including amendments June 2020 23 november 2021 published on 25 June 2020) Initial Application of IFRS 17 december 2021 1 January 2023 8 September 2022 (Ue) 2022/1491 and IFRS 9 Comparative 9 September 2022 Information (Amendment to IFRS 17) International Tax Reform Pillar May 2023 1 January 2023 8 november 2023 (Ue) 2023/2468 Two Model Rules (Amendments 9 november 2023 (Amendment to IAS 12)

The adoption of these amendments had no impacts on the Group s consolidated financial statements.

The changes introduced to IAS 12 relating to the recognition of deferred taxation on leasing contracts had no impact since the Group had already previously recognized these effects.

neW STAndARdS And InTeRPReTATIOnS nOT YeT eFFeCTIVe And nOT eARLY AdOPTed BY THe GROUP At the date when these annual financial statements were prepared, the european Union s competent authorities concluded the approv- al process needed for the adoption of the accounting standards and amendments described below. With reference of the applica- ble principles, the Group has decided not to exercise the option of the early adoption, if applicable.

Title Issued date Effective date Endorsment date EU regulation and date of publication Lease liability in a sale September 2022 1 January 2024 20 november 2023 (Ue) 2023/2579 and leaseback 21 november 2023 (Amendments to IFRS 16) Classification of liabilities January 2020 1 January 2024 19 december 2023 (Ue) 2023/2822 as current or non-current October 2022 20 december 2023 (Amendments to IAS 1) and non current liabilities with covenants (Amendments to IAS 1)

We do not expect to see any significant effects on the Group s con- solidated financial statements, from adopting these amendments.

In addition, at the date of these financial statements, the competent bodies of the european Union had not yet completed their endorsement process for the following accounting standards and amendments:

Title Issue date Effective date Approval date by EU of IASB Document Standards IFRS 14 Regulatory January 2014 1 January 2016 Postponed pending the deferral accounts conclusion of the IASB project on rate-regulated activities Amendments Sale or contribution of assets September 2014 deferred until Postponed pending between an investor and its the completion the conclusion associate or joint (Amendments of the IASB of IASB project on to IFRS 10 and IAS 28) project on the the equity method equity method Supplier Finance Arrangements May 2023 1 January 2024 TBd (Amendments to IAS 7 and IFRS 7) Lack of exchangeability August 2023 1 January 2025 TBd (Amendment to IAS 21)

The Group will comply with these new standards and amendments based on their relevant effective dates when endorsed by the euro- pean Union and it will evaluate their potential impacts on the Con- solidated Financial Statements.

As at 31 december 2023 the Consolidated Financial Statements of the Moncler Group include the figures, on a line-by-line basis, of the parent company Moncler S.p.A. and 55 subsidiaries, as detailed in the following table:

Investments Registered office Share capital Currency % of ownership Parent company (in associates for consolidation) Moncler S.p.A. Milan (Italy) 54,925,535 eUR Industries S.p.A. Milan (Italy) 15,000,000 eUR 100.00% Moncler S.p.A. Moncler deutschland GmbH Munich (Germany) 700,000 eUR 100.00% Industries S.p.A. Moncler españa S.L. Barcelona (Spain) 50,000 eUR 100.00% Industries S.p.A. Moncler Asia Pacific Ltd Hong Kong (China) 300,000 HKd 100.00% Industries S.p.A. Moncler France S.à.r.l. Paris (France) 8,000,000 eUR 100.00% Industries S.p.A. Moncler USA Inc new York (USA) 1,000 USd 100.00% Industries S.p.A. Moncler UK Ltd London (United Kingdom) 2,000,000 GBP 100.00% Industries S.p.A. Moncler Japan Corporation Tokyo (Japan) 104,776,859 JPY 94.94% Industries S.p.A. (*) (**) Moncler Shanghai Shanghai (China) 82,483,914 CnY 100.00% Industries S.p.A. Commercial Co. Ltd Moncler Suisse SA Chiasso (Switzerland) 9,500,000 CHF 100.00% Industries S.p.A. Moncler Belgium S.p.r.l. Bruxelles (Belgium) 1,800,000 eUR 100.00% Industries S.p.A. Moncler denmark ApS Copenhagen (denmark) 2,465,000 dKK 100.00% Industries S.p.A. Moncler Holland B.V. Amsterdam (Holland) 18,000 eUR 100.00% Industries S.p.A. Moncler Hungary KFT Budapest (Hungary) 150,000,000 HUF 100.00% Industries S.p.A. Moncler Istanbul Giyim Istanbul (Turkey) 1,000,000 TRY 51.00% Industries S.p.A. ve Tekstil Ticaret Ltd. Sti. (*) Moncler Brasil Comércio. Sao Paulo (Brasil) 20,000,000 BRL 95.00% Industries S.p.A. de moda e acessòrios Ltda. 5.00% Moncler USA Inc Moncler Taiwan Limited Taipei (China) 10,000,000 TWd 100.00% Industries S.p.A. Moncler Rus LLC Moscow (Russian Federation) 590,000,000 RUB 99.99% Industries S.p.A 0.01% Moncler Suisse SA Moncler Canada Ltd Vancouver (Canada) 1,000 CAd 100.00% Industries S.p.A. Moncler Prague s.r.o. Prague (Czech Republic) 200,000 CZK 100.00% Industries S.p.A. White Tech Sp.zo.o. Katowice (Poland) 369,000 PLn 70.00% Industries S.p.A. Moncler Korea Inc. (**) Seoul (South Korea) 2,550,000,000 KRW 100.00% Industries S.p.A. Moncler Middle east FZ-LLC dubai (United Arab emirates) 50,000 Aed 100.00% Industries S.p.A. Moncler Singapore PTe, Limited Singapore 5,000,000 SGd 100.00% Industries S.p.A. Industries Yield S.r.l. Bacau (Romania) 25,897,000 ROn 99.00% Industries S.p.A. 1.00% Moncler deutschland GmbH Moncler UAe LLC (*) dubai 1,000,000 Aed 49.00% Moncler Middle east FZ-LLC (United Arab emirates) Moncler Ireland Limited dublin (Ireland) 350,000 eUR 100.00% Industries S.p.A. Moncler Australia PTY LTd Melbourne (Australia) 2,500,000 AUd 100.00% Industries S.p.A. Moncler Kazakhstan LLP Almaty (Kazakhstan) 250,000,000 KZT 99.00% Industries S.p.A. 1.00% Moncler Rus LLC

3 SCOPE FOR CONSOLIDATION