

The husband-and-wife team Hopf - who themselves have no children - have always considered a solid school education and company-based training as well as the promotion of musical talent to be important.
The foundation solely and directly pursues charitable purposes as defined in the section "Tax-privileged purposes" of the Fiscal Code of Germany and is subject to supervision by the Bavarian administrative region of Swabia.
Josef Seitz is the chairman of the board of the charitable foundation and Helmut Beyschlag is his proxy.
Mr. Gunther Düll rounds off the board of directors.
The Fritz and Lieselotte Hopf Foundation is an indirect majority shareholder of SPN Schwaben Präzision Fritz Hopf GmbH. The transfer of the majority of the company's shares to the Fritz and Lieselotte Hopf Foundation serves the purpose of guaranteeing the independence and the continued existence of the company in the long term.
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