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's activity report 2022

Hexatronic OÜ (the company) was established in 2001. Hexatronic OÜ is solely owned by Hexatronic

Baltic OÜ. In November 2020, the Swedish stock exchange company Hexatronic Group AB acquired sole ownership

in Hexatronic Baltic OÜ. The business name Hexatronic OÜ has been in effect since 13.09.2022 (the company's former business name was Baltronic OÜ).

Hexatronic OÜ markets and supplies products, components and system solutions, focusing mainly on the fiber optics and mobile internet market. The company also manufactures fiber optic products and solutions at its production unit in Tallinn. During the reporting year, the company made modifications and developments in production and warehouse to optimize the production of fiber optic products and solutions. In 2022, the company switched to a new financial software Business Central. These changes strengthen the company's competitiveness in the growing Baltic market. To meet future requirements, we have hired 18 new operators in the company's production.

2022 can be summed up as a successful year. There was strong sales growth, especially to foreign customers. The company's budgeted sales revenue was achieved. The FTTH market is expanding in Estonia, as well as 5G/mobile and electrical solutions, which started very positively. We continue to expand our offerings to other markets through subsidiaries of the Hexatronic Group.

The company is certified according to ISO 9001 quality management and ISO 14001 environmental management system standards, and the company's integrated management system worked effectively. Both were confirmed by conformity assessments, internal and external audits.

Hexatronic OÜ is exposed to several risks that may affect the company's revenues and position. In 2022, Hexatronic OÜ was affected by the sharply increased prices of materials, electricity and fuel and transportation costs among other services. The company's operations were slightly affected by COVID-19. In this regard, measures have been implemented in the company to minimize the risk of employees contracting the coronavirus.

The activities of Hexatronic OÜ did not have significant environmental impacts during the reporting year and these did not differ significantly from those in the previous period. The company's environmental aspects are regularly assessed and necessary measures implemented.

During the financial year and the period of preparation of the report, no significant risks related to changes in exchange rates, interest rates and stock exchange rates emerged for the company.

In the company's opinion, the demand for our fiber optic, antenna and power solution products in our market will be equal in 2023 to the previous year. We also see a need for aftermarket products to ensure the capacity and maintenance of built networks. The expansion of 5G creates more business in terms of expanding and upgrading existing infrastructure.

The possible negative impact of the war in Ukraine has not yet directly affected the company, but possible effects may occur if the transportation of goods from Asia is restricted, which will affect the availability of goods or their prices. The board and the company's management regularly work to mitigate significant risks and threats.

The total labor cost (without social taxes) of Hexatronic OÜ in 2022 was 1,118,779 euros including holiday pay. As of 31.12.2022, the company employed an average of 60 employees.

Remuneration of 101,255 EUR was calculated for the members of the board of Hexatronic OÜ. Extraordinary payments