MILAN—The stockholders of Luxottica approved its statutory 2017 year-end statements and appointed a new board at its general stockholders’ meeting held here yesterday. On the sidelines of the meeting, Luxottica’s senior executives said that they expected a go-ahead from China “in the coming weeks” to clear the group’s pending merger with Essilor after recent approvals were received in Europe and the U.S. as previously reported. Leonardo Del Vecchio, Luxottica’s founder, told Reuters that he thought China might ask for “minor restrictions” and Francesco Milleri, Luxottica’s CEO, also told a stockholder at the meeting in response to a question, that a green light from China is “expected in the next few weeks.”

At the general meeting, the company appointed the board of directors, composed of 12 members, who will remain in office for one fiscal year until the approval of financial statements for the year ended Dec. 31, 2018. They include: Leonardo Del Vecchio, chairman of the board of directors, Luigi Francavilla, Francesco Milleri, Stefano Grassi, Elisabetta Magistretti, Maria Pierdicchi, Sabrina Pucci, Karl Heinz Salzburger, Luciano Santel, Cristina Scocchia and Andrea Zappia, all taken from the majority list presented by Delfin S.à r.l.(which tendered approximately 83 percent of the share capital represented in the general meeting), and Marco Giorgino taken from the minority list presented by a group of institutional investors (which tendered approximately 16 percent of the share capital represented in the general meeting).

The stockholders at the general meeting also appointed a Board of Statutory Auditors including: Giovanni Fiori, chairman, Dario Righetti and Barbara Tadolini as regular statutory auditors. Maria Venturini and Francesca Di Donato were appointed as alternate statutory auditors. Giovanni Fiori and Francesca Di Donato were taken from the list presented by a group of institutional investors. Dario Righetti, Barbara Tadolini and Maria Venturini were taken from the list presented by the stockholder Delfin S.à r.l. The Board of Statutory Auditors will remain in office for three fiscal years until approval of the financial statements for the fiscal year ended Dec. 31, 2020.

The stockholders then resolved to establish the gross annual remuneration for the entire board of directors in the amount of €1.2 million; for the chairman of the Board of Statutory Auditors in the amount of €105,000; and for each regular statutory auditor in the amount of €70,000.

The Extraordinary General Meeting of Stockholders approved the proposed amendment to Article 18 of the Group’s By-Laws relating to the term of office of the directors, in order to allow them to remain in office up to a maximum of three financial years according to the determinations that will be taken by the Group’s shareholders. At the conclusion of the general meeting, the board of directors met and appointed Luigi Francavilla as deputy chairman and Francesco Milleri as deputy chairman and chief executive officer.

The curriculum vitae of each Director and Auditor as well as the information related to the respective candidate lists are available at www.luxottica.com under the Governance section. Luxottica expects to announce its Q1 2018 results on Aug. 27.