Capital increase approved as Suning Holdings Group acquires majority stake from ISC. New board appointed, Erick Thohir confirmed as president, Michael Bolingbroke as CEO

MILAN - F.C. Internazionale Milano S.p.A. Shareholders' Meeting, chaired by Erick Thohir, today approved in Milan the issuing of 3,263,021,485 new ordinary shares assigned to Suning Holdings Group.

The resolution is part of the agreement that through the purchase of ordinary shares allows Suning Holdings Group to acquire the majority stake in F.C. Internazionale Milano S.p.A (68.55%).

As result of the transactions, International Sports Capital (Erick Thohir) becomes a minority shareholder in the Club (31.05%), while Internazionale Holding (Massimo Moratti) ceases to be a shareholder. The historic individual shareholders retain a minority 0.4%.

The Shareholders' Meeting has also approved the appointment of the new Board of Directors of the Club, that is now composed by Mr. Erick Thohir, Mr. Ren Jun, Mr. Mi Xin, Mr. Yang Yang, Mr. Liu Jun, Mr. Steven Zhang, Mr. Handy Soetedjo, Mr. Michael Bolingbroke and Mr. Nicola Volpi.

The new Board convened immediately after the Shareholders' Meeting and confirmed Erick Thohir as President and Executive Chairman, and Michael Bolingbroke as Chief Executive Officer.

The Chairman of Suning Holdings Group, Zhang Jindong, said: 'I deeply believe that, with the support of all the Nerazzurri fans worldwide, the support of Suning's resources, the effort and commitment of Inter's expert leadership, drawing inspiration from a model like Massimo Moratti, we will be able to revive the former splendour and restore Inter to glory.'

Inter President, Erick Thohir, commenting on the new company structure, said: "I welcome the new Directors and I am proud of the strategic partnership formalised today with Suning Holdings Group that will enable us to take the next step in the project and return Inter to its rightful place in the world of football.'



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