Ocean7 Chartering Aps

The Company's principal activities The Company's principal activities consist in international brokerage services in respect of freight transport by ships and other related activities. Insecurity regarding recognition or measurement There is no material insecurity regarding recognition or measurement. Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of USD 27.555.618 and the Balance Sheet at 31 December 2022 a balance sheet total of USD 19.851.640 and an equity of USD 1.189.299. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. Targets and expectations for the year ahead The management expects continued pressure on the global supply chains. Meanwhile the frieght rates has fallen to a lower and more normalised level in 2023. The market trends are expected to have negativ effect on the financial year 2023. Compared to the historically high result in 2022, the management expects a lower result from the financial year 2023. Intellectual capital resources The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS. Risks The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS. External environment The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS. Research and development activities The Company is not involved in research and development acivities. Net profit/loss for the year compared with expected developments in the most recently published annual report 2022 turned out to be a better year than expected for the Company and the shipping industry in general. The result for 2022 is considered satisfactory. Corporate governance The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS. Statement in compliance with section 99(a) of the Danish Financial Statements Act The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS. Statements in compliance with section 99(b) of the Danish Financial Statements Act The consolidated management review appears from the Annual Report of Ocean7 Holdings ApS.

Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of USD 27.555.618 and the Balance Sheet at 31 December 2022 a balance sheet total of USD 19.851.640 and an equity of USD 1.189.299.