1.9 INTERGROUP RELATIONS AND DEALINGS WITH RELATED PARTIES.

The Group has dealings with subsidiaries and other related parties at market conditions considered as normal in the respective reference market, taking account of the characteristics of the assets and the services provided.

Transactions between Comer Industries S.p.A. and its consolidated subsidiaries, which are entities related to the Company, are eliminated in the consolidated financial statements, and in compliance with IAS 24.

The "Financial income" heading refers mainly to interest accruing in the period on intra-group loans. At December 31, 2022 the following intragroup loans were outstanding:

• Loan to Comer Industries (Shaoxing) Co. Ltd. by Comer Industries (Jiaxing) Co. Ltd. for 4.5 million euros;

• Loan to Comer Industries S.p.A. from Comer Industries (Jiaxing) Co. Ltd. for 8.0 million euros;

• Loan to Comer Industries S.p.A. from WPG German Holdco GmbH in the amount of 10.9 million euros (resulting from the merger by incorporation of WPG Holdco B.V.);

• Financial payable to Comer Industries S.p.A. from Powertrain Services UK in the amount of 18 million euros (arising from the sale of the investment in the subsidiary Walterscheid Monguelfo S.p.A.);

• Loan to WPG German Holdco GmbH from Comer Industries S.p.A. for 39.8 million euros;

• Loan to WPG US Holdco LLC from Comer Industries S.p.A. for 91.8 million euros;

• Loan to WPG UK Holdco Ltd from Comer Industries S.p.A. in the amount of 18.2 million euros (arising from the merger by incorporation of WPG Holdco B.V.);

• Loan to Comer Industries Components s.r.l. in the amount of 6.1 million euros.

Dealings With Parent Companies

The Group does not have commercial dealings with the majority shareholder, Eagles Oak S.r.l.

Relations With Other Related Parties

It is disclosed that the "Other operating costs" heading includes professional consultancy provided by three Directors of the parent company Comer Industries S.p.A. for non-significant amounts.