A NEW chAptER Last year, I announced the opening of a new era for VIVESCIA Industries. Today, we are fully committed to it. In spring 2025, we took a major decision: to bring Délifrance, our frozen bakery business, under the wing of the family- owned company Vandemoortele, a leading frozen bakery group. I would like to take this opportunity to commend the unwavering commitment of the Délifrance teams, who over the years have succeeded in building increasingly robust momentum in innovation and economic performance, even in a volatile and inflationary environment. CHRIStOph BÜrEN President of SICOM, VIVESCIA Industries' general partner 1. On 20 November, the date of this editorial, the deal is being finalized, subject to the approval of the competition authorities. Shareholders’ newsletter 2024-2025 05