Corporate Governance

Aurelio Regina has held the position of Chairman of the Issuer’s Board of Directors since September 2026. In 1986, he graduated with a degree in Political Science from LUISS in Rome and, in 1991, began his professional career at Philip Morris Corporate Services Italia Inc., where he served as CEO until 2000. From 2000 to 2025, he worked at Egon Zehnder International as a Senior Partner, gaining significant experience in executive search, corporate governance and leadership. Since 2006, he has been involved with Manifatture Sigaro Toscano, where he served as Vice-Chairman and, subsequently, as Chairman. Since 2018, he has held the position of Chairman of Sisal. Since 2020, he has also served as Vice-Chairman for Energy at Confindustria and as Chairman of the Energy Technical Group, as well as holding the position of Chairman of Fondimpresa.

Paolo Luccini, at the Admission Document Date, serves as Chairman of the Board of Directors of the Issuer and Chief Executive Officer vested with the broadest powers of ordinary and extraordinary administration. In 1993, he graduated in Economics and Business with a business specialisation at the University of Parma and immediately after graduation he started to work at an accounting firm located in Carrara. In 1995, he founded MGA, originally holding the position of sole director and the role of technical director. Over his 25-years-long career, he has gained solid experience in managing and running projects generated by the award of public and private contracts concerning ordinary and extraordinary maintenance works for road and motorway arteries, holding the role of technical director and liaising with major customers such as Autostrada dei Fiori S.p.A., Salt S.p.A., Autocamionale della Cisa S.p.A. and Autostrade per l'Italia S.p.A. In 2021, he founded the holding company Reway Group, in which he conferred, together with the other two family members Alex Luccini and Maryna Syvtsova, the investments held in the three companies MGA, SOTECO and TLS, which constitute, at the Admission Document Date, the Reway Group.

Fabio Cosmo Domenico Canè has held the position of Director on the Issuer’s Board of Directors since September 2026.

Mr Canè graduated with honours in Business Economics from LUISS University, obtained an MBA from New York University’s Stern School of Business, and is a chartered accountant.

From 2000 to 2004, Mr Canè was co-founder and Chairman of the Board of Directors of Yoox (now YNAP). Prior to that, he was a partner at Bain & Co. in Milan.

Before joining Renaissance, from 2005 to 2014 he held various roles at Intesa Sanpaolo, including Head of Private Equity, Head of Investment Banking (with responsibility for M&A, ECM, DCM and structured finance, with assets under management totalling over €10 billion) and Head of Restructuring & Special Situations.

Fabio Canè is a Partner and joined Renaissance in 2015.

He has been involved in numerous transactions, including Lima Corporate, Ilpea, Fila, Pavan, Esaote, Engineering, Comelz, Rino Mastrotto, SICIT, Inetum, Neopharmed and U-Power.

Mr Canè is a member of the Board of Directors and Chair of the Buyout Committee at AIFI, the Italian Association of Private Equity, Venture Capital and Private Debt.

Alessio Masiero has held the position of Director on the Issuer’s Board of Directors since July 2026. In 2005, he graduated with a degree in Business Economics from Bocconi University and went on to complete a Master’s degree in Finance at Bocconi University. Before joining Renaissance, he worked as an Investment Manager in the Private Equity Department of the Abu Dhabi Investment Authority (ADIA) in Abu Dhabi from 2012 to 2016. Prior to that, he was an Associate in Citigroup’s Investment Banking Department in London and Milan. He was involved in numerous transactions, including Comelz, Hydro Holding, Rino Mastrotto and U-Power.

He has been a Partner since 2016 and joined Renaissance.

Andrea Paolo Maria Vallini has held the position of Director on the Issuer’s Board of Directors since September 2026. In 1988, he graduated with honours in Business Administration from Bocconi University and obtained a Master’s degree in Executive Management from INSEAD. Mr Vallini is an Operating Advisor and a member of the Board of Directors of the SICIT Group and the U-Power Group. He began his career in the Corporate Finance team at the Ferruzzi-Montedison Group, leading various M&A transactions in the chemical, pharmaceutical and energy sectors. Following a spell at Bain & Co, he spent four years at Edison as Director of Finance & Control. He has gained extensive experience in defining strategic corporate initiatives and in corporate planning and development, having served as Chief Executive Officer of Marsh Italia and as a member of the EMEA Executive Committee. Andrea Vallini is an Operating Partner and Sustainability & ESG Practice Leader and joined Renaissance in 2021.

Andrea Corradino has held the position of Director on the Issuer’s Board of Directors since September 2026. He holds a degree in Law and is qualified to practise as a solicitor; he has been registered with the La Spezia Bar Association since 1988. He is the principal of Studio Corradino, which has been operating in La Spezia since 1955, and practises primarily in the fields of corporate, financial and institutional criminal law. Since 2001, he has been a Director of Termomeccanica S.p.A. and, since 2020, Chairman of the Carispezia Foundation. He also holds positions at ACRI, CDP Real Asset SGR and the Port System Authority of the Eastern Ligurian Sea. Previously, he held, amongst other roles, that of Chairman of the Board of Directors of Cassa di Risparmio della Spezia S.p.A. and various positions in companies within the banking and financial sector.

Giuseppe Vegas, at the Admission Document Date, is an Independent Director within the Board of Directors of the Issuer. In 1973, he earned a degree in Law from the University of Milan. In 1978, after success in a public competition, he became a managerial career development official for the Senate of the Italian Republic. In 1995, he was appointed Undersecretary of State, first at the Ministry of Finance and later at the Ministry of the Treasury. From 1996 and later in 2001 and 2006, he was elected to the Senate of the Republic and in 2008, he was elected to the Chamber of Deputies. From 2001 to 2006, he was appointed, first, Undersecretary and, then, Deputy Minister at the Italian Ministry of Economy and these positions were also held from 2008 to 2010. In December 2010, he was appointed Chairman of Consob and held that office until December 2017. At the Admission Document Date, he is visiting professor at the Economics Faculty of Cattolica del Sacro Cuore University of Milan. He is a freelance journalist for national economics newspapers and the author of a large number of scientific publications on public spending and financial markets with a focus on fintech.