Cherry SE successfully completes Share Buyback Program 2022

Munich, July 3, 2023 – On June 30, 2023, Cherry SE [ISIN: DE000A3CRRN9] successfully completed the share buyback program resolved on June 9, 2022, with the approval of the Supervisory Board of the Company ("Share Buyback Program 2022").

On June 9, 2022, the Company announced that it would launch a share buyback program with a volume of up to 2,000,000 treasury shares and a total purchase price (excluding incidental costs) of up to EUR 25 million.

As part of the share buyback program 2022, the Company repurchased a total of 1,344,422 shares at an average price of approximately EUR 6.90 per share and in a total volume of approximately EUR 9.3 million in the period from June 17, 2022, up to and including June 30, 2023. After Cherry SE already transferred a total of 234,138 treasury shares to third parties in the first quarter of 2023 for the pro rata financing of the acquisition of the Swedish e-sports specialist Xtrfy, Cherry SE currently holds 1,110,284 treasury shares. This corresponds to approximately 4.6% of the company's share capital. The share buyback was carried out by a credit institution commissioned by the Company exclusively via the stock exchange in the electronic XETRA trading system of the Frankfurt Stock Exchange.

Detailed information on the share buyback is published on the internet at the following link: https://ir.cherry.de/

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About Cherry

Cherry SE [ISIN: DE000A3CRRN9] is a globally operating manufacturer of high-end mechanical keyboard switches and computer input devices such as keyboards, mice, and headsets for applications in the worlds of gaming, e-sports, office and hybrid workplaces, industry, and healthcare. Since it was founded in 1953, Cherry has been synonymous with innovative, high-quality products developed specifically to meet the various needs of its customers.

Cherry has its operational headquarters in Auerbach in Germany's Upper Palatinate region and employs over 500 people in production facilities in Auerbach, Zhuhai (China), and Vienna (Austria) as well as in various sales offices in Auerbach, Pegnitz, Munich, Landskrona (Sweden), Paris, Kenosha (USA), Taipei, and Hong Kong.

More information is available online at: https://cherry.de/

Contact:

Dr. Kai Holtmann

Investor Relations

Rosental 7, c/o Mindspace, 80331 Munich, Germany

Postal address: Cherrystrasse 2, 91275 Auerbach, Germany

T +49 (0)175-1971503

F +49 (0)9643 20 61-900

E-mail: [email protected]