In accordance with the provisions of art. 108 of Law 24/2017 republished, BITTNET SYSTEMS SA (hereinafter referred to as the “Issuer” / “Company”) makes available to investors and interested parties the report on the situation of intragroup transactions carried out between companies within the Issuer’s group during the first semester of 2025, transactions that exceeded 5% of the Issuer’s net assets.

In this regard, in the natural course of the current activity, but also due to the group structure of which the issuer is a part, there are various transactions between the companies of the Bittnet group. In general, the Company tries to keep this volume of intragroup transactions (transactions with affiliates) at a minimum level, but does not refuse to deliver the relevant technological solutions to the group’s clients if they generate transactions between affiliated parties.

During the period 01.01.2025-30.06.2025, according to the provisions of the capital market legislation, the transactions between two of the companies of the group, namely between Bittnet Systems SA, the parent company of the group, and Dendrio Solutions SRL, a subsidiary company, exceed 5% of the net assets of the Issuer and are, therefore, subject to the reporting obligation.

KPMG Report on ICO – Bittnet group 01.01.2025 – 30.06.2025

Report on ICO – Bittnet group 01.01.2025 – 30.06.2025 – english version