Peach Property Group AG announced that Reto Garzetti, Executive Chairman of the Board of Directors, and Kurt Hardt, Member of the Board of Directors, have decided to step down from the Board of Directors of Peach Property Group AG as of October 31, 2023. Klaus Schmitz, previously a member of the Board of Directors, will be appointed as Executive Chairman of the Board of Directors for the remaining term of office until the next General Meeting. Klaus Schmitz has been on the Company's Board of Directors since 2020 and acts as Shareholder Representative of Peak Investment S.à.r.l. The current independent directors Peter Bodmer and Dr. Christian De Prati will remain in office.