LETTER FROM THE PRESIDENT

Dear shareholders,

After a 2021 that saw us making an important strategic move with the acquisition of Walterscheid, 2022 is destined to be remembered for our company having achieved its best results ever.

At the same time, I am proud to announce that Benevelli and Sitem, acquired in January 2023, have given rise to e-comer, the new green-tech division of Comer Industries with which we will make a major leap forward by offering the market the excellence of Italian technology applied to the Off-Highway segment.

With e-comer we are looking to tomorrow even though we are already ready today, expanding the selection of products in our ranges and increasing our target market. It is a choice that confirms our vision of the future: the growth of a company that is firmly rooted in its native land and at the same time looking to compete in an increasingly challenging global market.

The goal we pursue every day: sustainable growth. Growth understood not only as a mere goal of increasing volumes and profitability but as a strategic vision of the future, in a market where size and solidity represent a true competitive advantage, as well as a prerequisite for continuing to invest and innovate over time.

Sustainable toward our customers, who demand solutions that are always efficient. Sustainable in its attention to its stakeholders.

Sustainable with respect to the planet.

We are facing an ever-changing market, so now more than ever we want to be an international Group, listed on the stock exchange, attentive to the countries it competes in, always contemporary, open to the new needs of young people and new ideas.

This is our vision and way of doing business at Comer Industries.

We want to preserve and develop this position, which makes us proud and is at the same time precious, especially in those markets around the world that recognize great value in Italian ingenuity.

Strategy and investments reflected in the results of the 2022 Financial Statements that follow. These are important numbers, which take on tremendous significance when considered in a context of national and international uncertainty, which speak of a solid, healthy Comer Industries.

Results expressing strong growth in volume and profitability, the result of major reorganizations and investments completed in recent years.

Numbers that are the result of the daily efforts of all those who are a part of our world and to whom go my sincerest thanks. An important 2022, with extraordinary results generated by the many people who, through their daily commitment or by believing and investing in Comer Industries, have enabled us to make it so.

Reggiolo, March 21, 2023