Happtec ApS

The company's primary activities are within development, marketing and sales of production and

Mechanical engineering.

Development in activities and financesThe management are considering the result as expected.

The company has lost more than 50% of its equity. It is expected that the equity can be re-established.

At the general meeting on 26.05.2021, the management has discussed how the share capital is to be reestablished, and thus complies with section 119 of the Companies Act.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where Technicon Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.