, together with its CHANEL brand (the "Brand") subsidiaries, which for the avoidance of doubt, excludes any non-Brand subsidiaries, such as Eres or Orlebar Brown, and wineries owned by the Group such as

in order to stabilize the financial system. Nevertheless, as the COVID-19 situation has shown no clear sign of improvement and may persist throughout the first half of this year or beyond, pending the

2022, 15 countries and territories have implemented or proposed to implement mandatory, TCFD-aligned climate reporting. Strengthening Market Demand for TCFD Reporting 20 Expanding on expectations set by

to enter into futures contracts for hedging or investment purposes to increase their management efficiency and the regulations on the use of trusts in the capital market transactions were issued to