265 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Disclosures Relevant for Takeovers and Explanatory Comments Direct or indirect investments in capital exceeding 10% of voting rights Based on the information available to the Company, the follow- ing direct or indirect holdings exceeding 10% of the voting rights at the end of the reporting period were held at the stated report- ing date:1 Shareholder Direct share of voting rights Indirect share of voting rights Stefan Quandt, Germany 0.2 26.62 AQTON SE, Bad Homburg v. d. Höhe, Germany 9.4 17.23 AQTON Verwaltung GmbH, Bad Homburg v. d. Höhe, Germany – 17.24 AQTON GmbH & Co. KG für Automobilwerte, Bad Homburg v. d. Höhe, Germany 17.2 – Susanne Klatten, Germany 0.2 21.55 Susanne Klatten Beteiligungs GmbH, Bad Homburg v. d. Höhe, Germany 21.5 – 1 Based on voluntary notifications provided by the listed shareholders as at 31 December 2024. 2 Controlled entities, of which 3% or more are attributed: AQTON SE, AQTON Verwaltung GmbH, AQTON GmbH & Co. KG für Automobilwerte 3 Controlled entities, of which 3% or more are attributed: AQTON Verwaltung GmbH, AQTON GmbH & Co. KG für Automobilwerte. 4 Controlled entities, of which 3% or more are attributed: AQTON GmbH & Co. KG für Automobilwerte. 5 Controlled entities, of which 3% or more are attributed: Susanne Klatten Beteiligungs GmbH The percentages of the share capital with voting rights disclosed above may have changed subsequent to the stated date if these changes were not required to be reported to the Company. As the Company’s shares are issued to bearer, the Company is gen- erally aware of changes in shareholdings only if such changes are subject to mandatory notification requirements. Shares with special rights that confer control rights There are no shares with special rights that confer control rights. Control of voting rights when employees participate in capital and do not directly exercise their control rights Like all other shareholders, employees exercise their control rights pertaining to any shares they have acquired in conjunction with the Employee Share Programme and/or the share-based remuneration programme directly on the basis of relevant legal provisions and the Company’s Articles of Incorporation. Statutory regulations and provisions contained in the Articles of Incorporation governing the appointment and removal of members of the Board of Management and changes to the Articles of Incorporation The appointment or removal of members of the Board of Man- agement is based on the rules contained in §§ 84 et seq. AktG in conjunction with § 31 of the German Co-Determination Act (MitbestG). Amendments to the Articles of Incorporation must comply with §§ 179 et seq. AktG. Amendments must be decided upon by the shareholders at the Annual General Meeting (§ 119 (1) no. 6, § 179 (1) sentence 1 AktG). The Supervisory Board is authorised to adopt amendments to the Articles of Incorporation that only concern the wording (§ 179 (1) sentence 2 in conjunction with § 15 (3) of the Articles of Incorporation). Resolutions are passed at the Annual General Meeting by a simple majority of shares cast unless otherwise explicitly required by binding provisions of law or, if a majority of share capital is required, by a simple ma- jority of shares represented in the vote (§ 21 (1) of the Articles of Incorporation).