Ultimade ApS

The Company's primary activities are development, manufacturing and production of injection molding of components.

The Company's income statement for 2018 shows a profit of DKK 4,733,089 as against a loss of DKK 2,887,771 in 2017. Equity in the Company's balance sheet at 31 December 2018 stood at a negative of DKK 1,275,558 as against a negative of DKK 6,008,647 at 31 December 2017. There is no comparability between the current and last year's income statement, as last year contains a 15-month period, and current year contains a 12-month period. The Company has lost more than 50% of its contributed capital and is thus subject to the provisions on loss of capital under the Danish Companies Act. It is the Management's expectation that the capital can be restored over operations going forward. If, contrary to expections, this will not take place, the Company's owners will contribute capital to restore the contributed capital.

No events have occurred after the balance sheet date which could significantly affect the Company's financial position.