Moncler Group | Annual Report 2024 Consolidated Financial Statements 363 Moncler Group | Annual Report 2024 Consolidated Financial Statements 362

3. Scope for consolidation

As at 31 December 2024 the Consolidated Financial Statements

of the Moncler Group include the f igures, on a line-by-line

basis, of the parent company Moncler S.p.A. and 52 subsidiaries,

as detailed in the following table:

INVESTMENTS

(IN ASSOCIATES FOR CONSOLIDATION)

Registered off ice Share capital Currency% of ownership Parent company

Moncler S.p.A.Milan (Italy)54,961,191 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 Pacif ic 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)99,475,500 JPY 100.00% Industries S.p.A.

Moncler Shanghai

Commercial Co., Ltd

Shanghai (China)82,483,914 CNY 100.00% Industries S.p.A.

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

ve Tekstil Ticaret Ltd Sti. (*)

Istanbul (Turkey)1,000,000 TRY 51.00% Industries S.p.A.

Moncler Brasil Comércio

de moda e acessòrios Ltda.

Sao Paulo (Brazil)20,000,000 BRL 95.00%

5.00%

Industries S.p.A.

Moncler USA Inc.

Moncler Taiwan Limited Taipei (China)10,000,000 TWD 100.00% Industries S.p.A.

Moncler Canada Ltd Vancouver (Canada)13,001,000 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)78,587,000 RON 99.00%

1.00%

Industries S.p.A.

Moncler Deutschland

GmbH

Moncler UAE LLC (*)Dubai (United Arab Emirates)1,000,000 AED 49.00% Moncler Middle East

FZLLC

Moncler Ireland Limited Dublin Ireland350000 EUR 10000 Industries SpA

Moncler Australia PTY LTD Melbourne Australia2500000 AUD 10000 Industries SpA

Moncler Kazakhstan LLP Almaty Kazakhstan250000000 KZT 9900

100

Industries SpA

Moncler Suisse SA

Moncler Sweden AB Stockholm Sweden1000000 SEK 10000 Industries SpA

Moncler Norway AS Oslo Norway3000000 NOK 10000 Industries SpA

Moncler Mexico

S de RL de CV

Mexico City Mexico33000000 MXN 9900

100

Industries SpA

Moncler USA Inc

Moncler Mexico Services

S de RL de CV

Mexico City Mexico0 MXN 9900

100

Industries SpA

Moncler USA Inc

Moncler Ukraine LLC Kiev Ukraine47367417 UAH 9999

001

Industries SpA

Moncler Suisse SA

Moncler New Zealand Limited Auckland New Zealand2000000 NZD 10000 Industries SpA

Moncler Malaysia Sdn BhdKuala Lumpur Malesia1 MYR 10000 Industries SpA

In relation to the scope of consolidation, please note that during

the 2024, compared to 31 December 2023 no new companies

were established.

We highlighted that:

with ef fect from 1 January 2024 Stone Island Retail Srl

and Stone Island Distribution Srl have merged within

Sportswear Company SpA

On 28 March 2024 Moncler Japan Corporation acquired

from the Japanese shareholder Yagi Tsusho Ltd

the remaining share of its stake in Moncler Japan

Corporation equal to 506 of the share capital

bringing the percentage of ownership to 100

On 16 October 2024 Moncler Rus LLC completed

the liquidation procedure and it has been therefore

deleted from the Company Register

Please note that Moncler Istanbul Giyim ve Tekstil Ticaret

Ltd. Sti., Moncler UAE LLC, Stone Island Korea and Stone Island

Japan Inc., are fully consolidated, without attribution of interest to

third parties, in accordance with the anticipated interest principle

in light of the agreements in place between those

companies shareholders

The associated companies ALS Luxury Logistic Srl and

Star Color Srl held at 30 and 24 respectively a

re not

consolidated and they are valued using the equity method

INVESTMENTS

(IN ASSOCIATES FOR CONSOLIDATION)

Registered off ice Share capital Currency% of ownership Parent company

Sportswear Company S.p.A.Bologna (Italy)10,084,166 EUR 100.00% Moncler S.p.A.

Stone Island Germany GmbH Monaco (Germany)500,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island Antwerp Bvba Antwerp (Belgium)400,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island Amsterdam BV Amsterdam (Holland)25,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island USA Inc.New York (USA)2,500,000 USD 100.00% Sportswear Company

S.p.A.

Stone Island Canada Inc.Toronto (Canada)5,500,000 CAD 100.00% Sportswear Company

S.p.A.

Stone Island China Co., Ltd Shanghai (China)20,133,300 CNY 100.00% Sportswear Company

S.p.A.

Stone Island France S.a.s.Saint Priest (France)50,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island Korea Co., Ltd (*)Seoul (South Korea)30,500,000 KRW 51.00% Sportswear Company

S.p.A.

Stone Island (UK) Retail Limited London (United Kingdom)1,000,000 GBP 100.00% Sportswear Company

S.p.A.

Stone Island Japan Inc. (*)Tokyo (Japan)400,000,000 JPY 80.00% Sportswear Company

S.p.A.

Stone Island Suisse SA Chiasso (Switzerland)100,000 CHF 100.00% Sportswear Company

S.p.A.

Stone Island Sweden AB Stockholm (Sweden)3,000,000 SEK 100.00% Sportswear Company

S.p.A.

Stone Island España S.L.Barcelona (Spain)3,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island Austria GmbH Vienna (Austria)500,000 EUR 100.00% Sportswear Company

S.p.A.

Stone Island Hong Kong Limited Hong Kong (China)500,000 HKD 100.00% Sportswear Company

S.p.A.

Stone Island Macao Limited Macao (China)5,500,000 MOP 100.00% Sportswear Company

S.p.A.

(*) Fully consolidated (without attribution of interest to third parties)

(**) Share capital value and % of ownership take into consideration the treasury shares held by the same.