EPOWER TECHNOLOGY ApS

The principal activities of the company Like previous years, the main activity has been to develop business models for B2B partners, based on the patented ETFM engine technology, where the ETFM technology is a part of a concept that adds value to the end user, as well as producing the ETFM technology to B2B partners.

Development in activities and financial matters The gross profit for the year is DKK 370.000 against DKK -43.000 last year. The results from ordinary activities after tax are DKK -30.000 against DKK -767.000 last year. The management consider the results satisfactory.

The company has lost more than 50 % of the share capital and is therefore subject to the rules of the Danish Companies Act § 119 (selskabsloven). The management does not expect to reestablish the lost capital fully as the company is under solvent liquidation.

1. Uncertainties concerning recognition and measurement The company has entered into liquidation, and as a consequence, the annual accounts are to be presented in accordance with the realisation principle.

Events subsequent to the financial year No events have occurred subsequent to the balance sheet date, which have material impact on the financial position of the company.

8. Contingencies Contingent assets The company has an unrecognized deferred tax asset of 176 t.DKK due to uncertainty regarding future usage.