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's activity report 2022

During the fiscal year 01.01.2022- 31.12.2022, the partnership was engaged in the purchase and marketing of frozen fish products. Frozen fish products were imported

from Russian producers and also purchased from Estonian producers. Goods were marketed in the European Union, Switzerland, and North America. For export to North America (USA and Canada), refrigerated sea containers (40`) were used. Sales to European countries took place in partial loads in refrigerated trucks.

The financial year results were affected by the adjustment of product prices in North America and the outbreak of war between Russia and Ukraine. After the outbreak of war, Kapite Trade does not import fish products from Russian producers. New suppliers have been found in Poland and Kazakhstan, with whom cooperation will continue in the future. The high USD exchange rate against the euro had an impact on the annual results. During the reporting year, the company had one employee, who was paid a salary.

No salary was paid to the board members. The company's goal is to continue in the same field next year.

Economic activity in this field is seasonal and influenced by the cyclical nature of fishing.

Pille Tell, board member