Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 68

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 68
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 public company experience, and further reviewing and updating its
accounting and business processes related to internal controls over financial reporting. SES may be unable to fully remediate these material weaknesses until these steps have been completed and have been operating effectively for a sufficient
period.

SES can give no assurance that the measures it is taking or plans to take in the future will remediate the material weakness
identified or that any additional material weaknesses will not arise in the future due to a failure to implement and maintain adequate internal control over financial reporting or circumvention of these controls. While SES is currently in the
process of remediating the material weaknesses, it cannot assure you that these efforts will remediate its material weaknesses in a timely manner, or at all. If SES is unable to successfully remediate our material weaknesses, or identify any future
material weaknesses, the accuracy and timing of its financial reporting may be adversely affected, it may be unable to maintain compliance with securities law requirements regarding timely filing of periodic reports, the market price of its stock
may decline as a result, and it could be subject to sanctions or investigations a stock exchange, the SEC, or other regulatory authorities. Failure to remediate any material weakness in SES’s internal control over financial reporting, or to
implement or maintain other effective control systems required of public companies, could also restrict its future access to the capital markets.

SES has not evaluated its internal controls over financial reporting in accordance with the SOX Act because no such evaluation has been
required. Upon the effectiveness of the registration statement of which this prospectus forms a part, SES will become subject to the periodic reporting and to the informational requirements of the Exchange Act applicable to a foreign private issuer
and expect to file information with the SEC, including an Annual Report on Form 20-F and Current Reports on Form 6-K. SES also will become subject to the SOX Act but
will take advantage of exemptions from compliance with its provisions related to assessments of internal controls over financial reporting. SES expects that, following its fiscal year ended December 31, 2026, it will lose its exemption related
to an auditor’s attestation related to its internal controls over financial reporting and Section 302 of Sarbanes-Oxley will require its management to make certifications as to the effectiveness of its internal controls over financial
reporting.

As part of SES’ future evaluation of internal controls over financial reporting, to ensure compliance with the SOX Act,
it may identify additional material weaknesses. If SES fails to maintain the adequacy of its internal