39795744 2024-12-31 39795744 2023-12-31 39795744 2024-12-31 fsa:ConvertibleProfitYieldingOrDividendYieldingLongtermDebtInstrumentsMember 39795744 2023-12-31 fsa:ConvertibleProfitYieldingOrDividendYieldingLongtermDebtInstrumentsMember 39795744 2024-01-01 2024-12-31 39795744 2024-01-01 2024-12-31 1 39795744 2024-01-01 2024-12-31 memberOfBoardIdentifier_executive_board_1 39795744 2024-01-01 2024-12-31 2 39795744 2023-01-01 2023-12-31 iso4217:DKK Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-01-01 2023-01-01 2024-12-31 2023-12-31 39795744 YANZ ApS Efterårsvej 13 2920 Charlottenlund Gentofte PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 39 45 39 45 koebenhavn@pwc.dk 2025-06-23 Yan Zheng Regnskabsklasse B Andre erklæringer uden sikkerhed The Executive Board has today considered and adopted the Annual Report of YANZ ApS for the financial year 1 January - 31 December 2024. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In my opinion the Financial Statements give a true and fair view of the financial position at 31 December 2024 of the Company and of the results of the Company operations for 2024. I recommend that the Annual Report be adopted at the Annual General Meeting. 2025-06-23 Charlottenlund Yan Zheng Executive Officer To the Management of YANZ ApS We have compiled the Financial Statements of YANZ ApS for the financial year 1 January - 31 December 2024 on the basis of the Company’s accounting records and other information you have provided. The Financial Statements comprise income statement, balance sheet and notes, including a summary of significant accounting policies. We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information. Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including the principles of integrity, objectivity, professional competence and due care. The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility. As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Hellerup 2025-06-23 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Leif Ulbæk Jensen State Authorised Public Accountant mne23327 Sune Christensen Bjerre State Authorised Public Accountant mne47832 4081914 745823 27814 0 1042122 171240 3067606 574583 0 0 3067606 574583 3067606 574583 3341445 4766969 3341445 4766969 3341445 4766969 3727867 826496 656 486133 3728523 1312629 7069968 6079598 50000 50000 3240164 172558 3290164 222558 0 2080123 0 2080123 15000 16250 3764804 3760667 3779804 3776917 3779804 5857040 7069968 6079598 Management will provide liquidity to the company for 2025 as basis for the continuing operations of the company. No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. The company's main activity is to invest in other companies and business related hereto. Profit on sale of other investments 4190844 762829 Total 4190844 762829 27814 0 27814 0 116182 171240 925940 0 1042122 171240 Loss on current investments 0 14810 0 2080123 0 2080123 0 0 Payments due within 1 year are recognised in short-term debt. Other debt is recognised in long-term debt. The debt falls due for payment as specified below: Convertible and profit-yielding instruments of debt The Annual Report of YANZ ApS for 2024 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2024 are presented in DKK. true 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Other external expenses comprise general administration expenses. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of other external expenses.xternal expenses. Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Fixed asset investments, which consist of listed bonds and shares, are measured at their fair values at the balance sheet date. Fair value is determined on the basis of the latest quoted market price. Investments which are not traded in an active market are measured at the lower of cost and recoverable amount. Investments are classified as non current if disposal of assets are restricted. Current Asset Investments, which consist of listed bonds and shares, are measured at their fair values at the balance sheet date. Fair value is determined on the basis of the latest quoted market price. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal taxentity. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Loans are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period. Other debts are measured at amortised cost, substantially corresponding to nominal value.