PRADA S.p.A. announced that its Board of Directors approved updated Terms of Reference for the Nomination Committee on October 23, 2025. Under these Terms, the Committee must comprise three to five Directors, the majority of whom are independent non-executive Directors. Members must demonstrate sufficient expertise and declare that they can commit adequate time.

The Nomination Committee’s responsibilities include reviewing the Board’s composition and diversity policy, evaluating each Director’s contribution, and proposing suitable new candidates to ensure the effectiveness of the Company’s corporate governance. The Committee is authorized to access internal information and departments and to enlist external professional advice if needed.

The Chairperson of the Nomination Committee holds responsibility for convening meetings, defining agendas, and enabling timely reporting back to the Board. The updated Terms of Reference also outline processes for replacing members who leave before the end of their term and affirm that those Terms remain valid through the Board’s tenure. According to the announcement, these guidelines are available on the Company’s website and the Hong Kong Stock Exchange website.