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<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Management have today considered and approved the Annual Report of 3Shape Holding A/S for the financial year that ended 31 December 2023.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The consolidated financial statement and parent financial statement have been prepared in accordance with the International Financial Reporting Standards as adopted by the EU and disclosure requirements of the Danish Financial Statements Act.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent financial statements give a true and fair view of the financial position of the Group at 31. december 2023 and of the results of their operations and consolidated cash flows for the financial year 1 January - 31 December 2023.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Further, in our opinion, the Management's review gives a fair review of the development in the Group's and the Parent Company's operations and financial matters, the results for the year and the Group's and the Parent Company's financial position.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be approved at the annual general meeting.</td></tr></table>
Copenhagen
2024-03-06
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of 3Shape Holding A/S</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the consolidated financial statements and the parent company financial statements of 3Shape Holding A/S for the financial year 1 January – 31 December 2023, which comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including material accounting policy information, for the Group and the Parent Company. The consolidated financial statements and the parent company financial statements are prepared in accordance with IFRS Accounting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 31 December 2023 and of the results of the Group's and the Parent Company's operations and cash flows for the financial year 1 January – 31 December 2023 in accordance with IFRS Accounting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the audit of the consolidated financial statements and the parent company financial statements" (hereinafter collectively referred to as "the financial statements") section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements, or our knowledge obtained during the audit, or other-wise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on our procedures, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the Management's review.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with IFRS Accounting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.</td></tr><tr><td colspan="1">• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circum-stances, but not for the purpose of expressing an opinion on the effectiveness of the Group's and the Parent Company's internal control.</td></tr><tr><td colspan="1">• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">• Conclude on the appropriateness of Manage-ment's use of the going concern basis of accounting in preparing the financial state-ments and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and the Parent Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">• Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table>
Copenhagen
2024-03-06
3Shape Holding A/S
Holmens Kanal 7,
1060 Copenhagen K
Denmark
31473233
www.3shape.com
2024-04-09
Henriette Stakemann
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">2023 Sustainability Highlights</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Establishment of sustainability strategy and 2028 goals</td></tr><tr><td colspan="1">Based on the results of the Double Materiality Assessment, we updated our Sustainability Strategy and defined concrete sustainability goals for 2028. The new strategy strongly focuses on making a positive difference on the issues where 3Shape has the greatest impact and faces the most significant risks and opportunities</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Establishment of ESG council to enhance responsible governance of sustainability</td></tr><tr><td colspan="1">In August 2023, we commenced the ESG Council as a key part of 3Shape’s ESG Governance Party, embedding responsibility for sustainability actions and progress across the organization. The ESG Council consists of leaders representing all major business areas. It allocates responsibility to drive and monitor progress on strategic sustainability goals as well as reporting in line with the EU CSRD. Our ESG Committee meanwhile is chaired by board member, Karsten Munk Knudsen.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Continuing support for Ukraine</td></tr><tr><td colspan="1">3Shape continues to invest heavily in our local Ukrainian operations, and we are lucky to be one of the few companies able to continue growing and investing in our team there despite the ongoing war. We continued to provide legal, psychological, and financial relocation aid. 2023 saw the conclusion of our second company-wide fundraiser for support relief. We raised money for the local Ukrainian NGO 'Hospitallers' – a volunteer para-medic organization dedicated to helping the wounded on the front lines. 3Shape continues not to sell into Russia.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Completion of double-materiality assessment in line with EU CSRD requirements</td></tr><tr><td colspan="1">In 2023, we completed our first formal ESG Double Materiality Assessment in line with EU's Corporate Sustainability Reporting Directive (CSRD) requirements to identify the issues most relevant to our business and stakeholders, and to determine the issues that should be prioritized in our response and reporting. Recognizing the importance of our stakeholders, the assessment was conducted on the basis of more than 200 interviews and survey responses from employees, business partners, investors, suppliers, and customers.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Preparing for ESG reporting in line with EU CSRD requirements</td></tr><tr><td colspan="1">To support the global ambition towards greater transparency around company sustainability information, we have dedicated our focus in 2023 to preparing for reporting according to EU CSRD. This year’s sustainability statements represent a significant step towards reporting EU CSDR compliance.</td></tr><tr><td colspan="1">3Shape supports the UN Sustainable Development Goals (SDGs), with a focus on Good Health and Well-being, Gender Equality, Innovation, and Climate Action</td></tr><tr><td colspan="1">3 Good Health and Wellbeing</td></tr><tr><td colspan="1">5 Gender Equality</td></tr><tr><td colspan="1">9 Industry, Innovation and Infrastructure</td></tr><tr><td colspan="1">13 Climate Action</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Sustainability</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Download our Sustainability Report 2023</td></tr><tr><td colspan="1">This statement of corporate social responsibility in accordance with section 99A and section 99B of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">3Shape's sustainability responsibility is driven by the overall ambition to continuously work to create value through good relationships with stakeholders, and to provide a positive impact for our end users and the communities that we serve. That is, enabling preventive care and keeping people healthy by making dental treatments more precise and hygienic.</td></tr><tr><td colspan="1">We prioritize sustainability, and it is expected that we will comply with applicable legislation and international guidelines at all times. Simultaneously with the annual report, 3Shape has published the annual Environmental Social Governance Report, which covers non-financial results related to environmental, social, and governance impacts. Sustainable development is an essential driving force in society.</td></tr><tr><td colspan="1">3Shape is committed to supporting the UN Sustainable Development Goals (SDGs), with a focus on SDGs 3, 5, 9, and 13. These four SDGs reflect the areas where we currently see the greatest potential to help create positive, enduring change by 1) deploying 3Shape’s capabilities and expertise through innovation, 2) empowering 3Shape’s people to give back to communities, and 3) managing 3Shape responsibly. As a fast-growing company with its own development and production, special attention is paid to our social and societal responsibilities in relation to employees and the imprint 3Shape makes on the climate and the environment.</td></tr><tr><td colspan="1">In addition, 3Shape emphasizes making a positive contribution to the general development of society in areas where we have the opportunity to exert influence, including in relation to respecting fundamental human rights, the fight against corruption, and the creation of an attractive and diversified workplace with fair and equal conditions and opportunities for all employees.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">3Shape's 2023 Sustainability report</td></tr><tr><td colspan="1">Access our annual Sustainability Report and read more about 3Shape's sustainability efforts.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Find out more and download here</td></tr><tr><td colspan="1">Our impact</td></tr><tr><td colspan="1">https://www.3shape.com/en/our-story/our-impact</td></tr><tr><td colspan="1">ESG report 2023</td></tr><tr><td colspan="1">https://www.3shape.com/esg2023</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Gender Diversity</td></tr><tr><td colspan="1">This section constitutes 3Shape’s statutory reporting on gender diversity, pursuant to Section 99b of the Danish Financial Statements Act. Further details on 3Shape’s work with Diversity, Equity and Inclusion can be found in the annual Sustainability Report 2023.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Diversity, equity, and inclusion – our policy</td></tr><tr><td colspan="1">3Shape is committed to fostering a diverse, equitable, and inclusive workplace that enables everyone to thrive. We encourage and value diversity of thought –our differences enable us to challenge the status quo and create growth opportunities. 3Shape's Diversity, Equity, and Inclusion (DE&I) Policy provides high-level guidance for how we approach DE&I at 3Shape. It outlines our targets and initiatives and is a guiding principle for our company culture and the Global Code of Conduct (CoC). The CoC and DE&I Policy are included in the company's onboarding program, and accessible on 3Shape’s intranet.</td></tr><tr><td colspan="1">Gender diversity remains a pivotal focus of 3Shape’s Diversity efforts. In 2021, we signed</td></tr><tr><td colspan="1">Dansk Industri’s (DI) Diversity Pledge, pledging to achieve a minimum of 40% of the underrepresented gender per management level by 2030. In 2022, we made this goal more ambitious, setting an earlier target to reach 35% of the underrepresented gender per management level by 2025 and 40% by 2027. Progress on this goal is tracked bi-annually. In addition, we have set the goal to achieve a gender split in the Board of Directors of 33% of the underrepresented gender by 2025, and 40% by 2027.</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Gender diversity in management</td></tr><tr><td colspan="1">In addition to measuring the gender distribution across Top, Director, Middle, and Lower management levels, we also disclose the gender distribution of ‘other managerial positions’ in our Danish entities as defined and required by Section 99b of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">The percentage of the underrepresented gender has declined from 25% to 18% at the top management level. This decline is due to top management reorganization in 2023. Despite this, we recognize the importance of equal gender distribution in upper management and continue to work towards achieving our 2025 and 2027 targets. In 2023, we aimed to include at least one member of the underrepresented gender in hiring processes for higher level positions including Directors and Top Management. In 2023 we also increased our focus on addressing biases towards the under-represented gender in internal people reviews to ensure fair internal talent reviews.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="5">Gender distribution in the Board of Directors</td></tr><tr><td colspan="5">In 2023, one new member was appointed to the Board of Directors (BoD) of 3Shape Holding A/S. This member was male and his predecessor was a female, so the gender gap in the BoD increased in 2023. This results in a gender split of one woman and six men. The new member was chosen based on qualifications for the position. Hence, the targeted gender distribution for 3Shape was not achieved. In 2023, we aimed to include at least one member of the underrepresented gender in the recruitment process of the new Board member.</td></tr><tr><td colspan="5">In 2023, 49% of 3Shape employees identified as male, 43% as female, and 8% chose not to disclose.</td></tr><tr><td colspan="5">Gender Representation - 3Shape Holding A/S*</td></tr><tr><td>Metric</td><td>Unit</td><td>2023</td><td>2022</td><td>2021</td></tr></table>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="5">Board of Directors</td></tr><tr><td>Total number of board members</td><td>#</td><td>7</td><td>No data</td><td>No data</td></tr><tr><td>Gender representation</td><td>#(F | M)</td><td>1 | 6</td><td>No data</td><td>No data</td></tr><tr><td>Underrepresented gender in percent</td><td>%</td><td>14</td><td>25</td><td>14</td></tr><tr><td>Target figure in percent</td><td>% (2025) | % (2027)</td><td>33 | 40</td><td>33 | 40</td><td>NA</td></tr><tr><td>Year for fulfilment of target figure</td><td>Year</td><td>2025 | 2027</td><td>2025 | 2027</td><td>NA</td></tr><tr><td colspan="5">Top Management</td></tr><tr><td>Total number of members in top management</td><td>#</td><td>11</td><td>No data</td><td>No data</td></tr><tr><td>Gender representation</td><td>#(F | M)</td><td>2 | 9</td><td>No data</td><td>No data</td></tr><tr><td>Underrepresented gender in percent</td><td>%</td><td>18</td><td>25</td><td>25</td></tr><tr><td>Target figure in percent</td><td>% (2025) | % (2027)</td><td>35 | 40</td><td>35 | 40</td><td>NA</td></tr><tr><td>Year of fulfilment of target figure</td><td>Year</td><td>2025 | 2027</td><td>2025 | 2027</td><td>NA</td></tr><tr><td colspan="5">Directors</td></tr><tr><td>Total number of members in top management</td><td>#</td><td>57</td><td>No data</td><td>No data</td></tr><tr><td>Gender representation</td><td>#(F | M)</td><td>18 | 39</td><td>No data</td><td>No data</td></tr><tr><td>Underrepresented gender in percent</td><td>%</td><td>32</td><td>25</td><td>28</td></tr><tr><td>Target figure in percent</td><td>% (2025) | % (2027)</td><td>35 | 40</td><td>35 | 40</td><td>NA</td></tr><tr><td>Year of fulfilment of target figure</td><td>Year</td><td>2025 | 2027</td><td>2025 | 2027</td><td>NA</td></tr><tr><td colspan="5">Middle management</td></tr><tr><td>Total number of members in top management</td><td>#</td><td>136</td><td>No data</td><td>No data</td></tr><tr><td>Gender representation</td><td>#(F | M)</td><td>50 | 86</td><td>No data</td><td>No data</td></tr><tr><td>Underrepresented gender in percent</td><td>%</td><td>37</td><td>35</td><td>32</td></tr><tr><td>Target figure in percent</td><td>% (2025) | % (2027)</td><td>35 | 40</td><td>35 | 40</td><td>NA</td></tr><tr><td>Year of fulfilment of target figure</td><td>Year</td><td>2025 | 2027</td><td>2025 | 2027</td><td>NA</td></tr><tr><td colspan="5">Lower management</td></tr><tr><td>Total number of employees in lower management</td><td>#</td><td>116</td><td>No data</td><td>No data</td></tr><tr><td>Gender representation</td><td>#(F | M)</td><td>53 | 63</td><td>No data</td><td>No data</td></tr><tr><td>Underrepresented gender in percent</td><td>%</td><td>46</td><td>50</td><td>49</td></tr><tr><td>Target figure in percent</td><td>% (2025) | % (2027)</td><td>35 | 40</td><td>35 | 40</td><td>NA</td></tr><tr><td>Year of fulfilment of target figure</td><td>Year</td><td>2025 | 2027</td><td>2025 | 2027</td><td>NA</td></tr><tr><td colspan="5">* Excluding 3Shape Design Services</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate Governance</td></tr><tr><td colspan="1">3Shape has a two-tier management structure consisting of the Board of Directors and the Senior Leadership Team (SLT). There is no overlap between members. The Board of Directors is accountable for the overall strategic management and organization of the Group's business and operations. On behalf of the shareholders, the Board of Directors oversees 3Shape's organization, day-to-day management, and results.</td></tr><tr><td colspan="1">The Board of Directors sets guidelines on the day-to-day responsibilities and obligations of the SLT. The Board of Directors and the SLT further assess 3Shape’s business processes, organization, strategy, risks, business objectives, and controls. A set of rules of procedure governs the work of 3Shape’s Board of Directors. These rules are reviewed annually by the Board of Directors and updated as necessary.</td></tr><tr><td colspan="1">The Board of Directors has seven members and has appointed a chairperson and two vice chairpersons. The Board of Directors represents broad international business experience and skills considered relevant to 3Shape. The Board of Directors evaluates its work annually and deter-mines once a year the qualifications, experience, and skills needed for the Board of Directors to perform its tasks best. All board members are up for election at each Annual General Meeting.</td></tr><tr><td colspan="1">The Board of Directors meets seven times yearly and holds extraordinary meetings when required. The Board’s annual wheel covers all essential business areas.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Own shares</td></tr><tr><td colspan="1">As of 31 December 2023 3Shape Holding A/S owned 22,487 shares which corresponds to 0.42% of the total shares. The board has decided that 3Shape Holding A/S can own 40,000 own shares.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Board of Directors</td></tr><tr><td colspan="1">Jørgen Falkebo Jensen (Chairman)</td></tr><tr><td colspan="1">Tais Clausen (Vice Chairman)</td></tr><tr><td colspan="1">Nikolaj Deichmann (Vice Chairman)</td></tr><tr><td colspan="1">Mads Munkholt Ditlevsen</td></tr><tr><td colspan="1">Heather Jordan Cartwright</td></tr><tr><td colspan="1">Scott Anderson</td></tr><tr><td colspan="1">Karsten Munk Knudsen</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Senior Leadership Team</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Jakob Just-Bomholt</td></tr><tr><td colspan="1">Chief Executive Officer</td></tr><tr><td colspan="1">Born: 1974</td></tr><tr><td colspan="1">Gender: Male</td></tr><tr><td colspan="1">Nationality: Danish</td></tr><tr><td colspan="1">Joined 3Shape in: 2020</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Kristian Krag Nielsen</td></tr><tr><td colspan="1">Chief Financial Officer</td></tr><tr><td colspan="1">Born: 1980</td></tr><tr><td colspan="1">Gender: Male</td></tr><tr><td colspan="1">Nationality: Danish</td></tr><tr><td colspan="1">Joined 3Shape in: 2020</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Niclas Blohm</td></tr><tr><td colspan="1">Chief Technology Officer</td></tr><tr><td colspan="1">Born: 1973</td></tr><tr><td colspan="1">Gender: Male</td></tr><tr><td colspan="1">Nationality: Swedish</td></tr><tr><td colspan="1">Joined 3Shape in: 2023</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">.Henriette Stakemann</td></tr><tr><td colspan="1">Vice President Legal, IP & Sustainability / General Counsel</td></tr><tr><td colspan="1">Born: 1972</td></tr><tr><td colspan="1">Gender: Female</td></tr><tr><td colspan="1">Nationality: Danish</td></tr><tr><td colspan="1">Joined 3Shape in: 2021</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Rune Fisker</td></tr><tr><td colspan="1">Senior Vice President of Product Strategy</td></tr><tr><td colspan="1">Born: 1972</td></tr><tr><td colspan="1">Gender: Male</td></tr><tr><td colspan="1">Nationality: Danish</td></tr><tr><td colspan="1">Joined 3Shape in: 2000</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Pernille Riis Johansen</td></tr><tr><td colspan="1">Vice President and Head of People & Culture</td></tr><tr><td colspan="1">Born: 1972</td></tr><tr><td colspan="1">Gender: Female</td></tr><tr><td colspan="1">Nationality: Danish</td></tr><tr><td colspan="1">Joined 3Shape in: 2021</td></tr></table>
Årsrapport
30700228
EY Godkendt Revisionspartnerselskab
Cortex Park Vest 3
5230 Odense M
xWizard version 1.1.1244.0, by EasyX Aps. www.easyx.eu
2022-01-01
2022-12-31
Ledelsespåtegning
Revisionspåtegning
Grundlag for konklusion
Konklusion
2045
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Jakob Just-Bomholt (CEO)
Jørgen Falkebo Jensen (Chairman)
Tais Clausen (Vice chairman)
Nikolaj Deichmann (Vice chairman)
Karsten Munk Knudsen
Scott Anderson
Mads Munkholt Ditlevsen
Heather Jordan Cartwright
EY Godkendt Revisionspartnerselskab
30700228
Torben Bender
State Authorised Public Accountant
mne21332
Morten Weinreich Larsen
State Authorised Public Accountant
mne42791
30700228
EY Godkendt Revisionspartnerselskab