Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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oda_ExplanationTextBlock| | A Memorandum of Understanding ("MOU") setting out the commercial terms for the restructuring of technology operations was signed on 23 July 2026 between our China-based subsidiary Tradesoft (Shanghai) IT Co., Ltd. ("ATP China"), where we hold a 51% stake, and Burger King (China) Holding Co., Ltd. ("BKC"), incorporated in China. Under the MOU, the ATP Zenia software licenses currently used in BKC's restaurant operations will be extended for an additional two years. The intellectual property rights to the Zenia platform, together with the rights to develop products and licensing to third parties, will remain with our Company. At the end of the two-year license term, continued use will be subject to a new license agreement. In addition, the operational activities carried out by ATP China for BKC, as well as the BKC-specific software, will be transferred to BKC. ATP China will continue its operations in the People's Republic of China with its Quick Service Restaurant (QSR) software solutions; while our Company will continue to expand its presence in China with its product portfolio—led by the Zenia platform—and support our global expansion. In consideration of the two-year extension of the Zenia software licenses, the transfer of operational activities and BKC-specific software, BKC will pay a total of USD 12,000,000 + VAT by 31 October 2026. In addition to this amount, BKC will pay RMB 31,000,000 + VAT by the end of 2026 for support and advisory services required during the transition of the operational activities and the BKC-specific software. Further public disclosure(s) will be made once definitive agreements are signed. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and English versions of this disclosure statement, the Turkish version shall prevail. | ||||||||
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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