REFURB A/S

The Company’s principal activity is the acquisition of IT equipment from private businesses and the public sector for the purpose of reselling such equipment through certified refurbishment processes.

The income statement for 2022 shows a loss of DKK 158,268 against a profit of DKK 1,759,923 last year, and the balance sheet at 31 December 2022 shows equity of DKK 7,522,564. Management considers the Company's financial performance in the year unsatisfactory.

Other contingent liabilities

The Company has entered contracts regarding rent for a period of 3-6 months with a total obligation of DKK 237 thousand.

The Company is jointly taxed with its parent, Blue Holding ApS, which acts as management company, and is jointly and severally liable with other jointly taxed group entities for payment of income taxes for the income year 2022 onwards as well as withholding taxes on interest, royalties and dividends falling due for payment on or after June 15, 2022.

A company charge at t.DKK 11.000 on the Company’s intangible assets, other fixtures and fittings, tools and equipment, trade receivables and inventories at a carrying amount of t.DKK 22.919 at

31 December 2022 has been put up as security for debt to mortgage credit institutions, totaling

t.DKK 1.666.