RadiSurf ApS

The principal activity is to provide research and development services relating to coating products for various applications to our parent company Yield Engineering Systems. The recorded profit for 2025 is lower than expected, primarily due to foreign exchange losses resulting from the depreciation of USD against DKK from 7.20 to 6.36. In August 2025, our parent company Radisurf Inc. merged with Yield Engineering Systems, Inc. The merger was not expected to have any impact on the Company’s principal activities, as RadiSurf ApS has evolved into a focused R&D entity operating under a cost-plus agreement with its parent company, now Yield Engineering Systems, Inc.