CAVIUS ApS

The principal activities of the company Like previous years, the Company´s activities consisted of product development, production and trade of smoke alarms.

Development in activities and financial matters The gross profit for the year totals DKK 13.307.402 against DKK 8.831.586 last year. Income or loss from ordinary activities after tax totals DKK 4.723.793 against DKK 801.084 last year. Management considers the net profit or loss for the year satisfactory.

Events occurring after the end of the financial year The new Australian (Queensland) standard for smoke alarms has started to increase revenue. The legal requirements and Cavius´ position in the market are expected to lead to a constantly increasing turnover in the following years. During the financial year, Cavius Holding has established its own sales company in the UK, Cavius Ltd. Sales in the UK, which is started in June 2021, are expected to increase the total revenue and profit in the Cavius Group. Expectations for Scotland in particular are high. New legislation for smoke alarms in Scotland enters into force by 1. January 2022.

4. Contingencies Contingent liabilities Rental liabilities The company has entered into a rental contract with an annual rent of DKK 204 thousands. The contact can be terminated with 6 months' notice.

Joint taxation With Cavius Holding ApS, company reg. no 37157872 as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax.

The jointly taxed enterprises' total known net liability to the Danish tax authorities emerges from the financial statements of the administration company.

3. Charges and security For bank loans, DKK 0, the company has provided security in company assets representing a nominal value of DKK 4.000 in thousands. This security comprises the assets below, stating the carrying amounts:

DKK in thousands Inventories 4.104 Trade receivables 1.740 Other fixtures and fittings 784 Total intangible assets 2.588