Copyright © 2025 KAP
Central Securities Depository & Trade Repository of Türkiye
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| Hayır (No) | |||||||
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| 23.07.2026 | |||||||
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oda_ExplanationTextBlock| | As announced in our public disclosure dated 23 July 2026, a Memorandum of Understanding ("MOU") setting out the commercial terms for the restructuring of technology operations was signed 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"), and it was stated that a further public disclosure would be made once the definitive agreements were signed. In line with the terms set out in the MOU, the following definitive agreements were signed on 2 September 2026: 1. An "Asset Transfer, Transition and Consultancy Services Agreement" was signed between ATP China and BKC, covering the transfer of the BKC-specific software developed by ATP China, the transfer to BKC of the operational activities carried out for BKC and of the 28 employees engaged in these activities, as well as the provision by ATP China of transition and advisory services. Under this agreement, a total transaction consideration of USD 2,110,000 + VAT and a service fee of RMB 31,000,000 + VAT will be paid to ATP China. 2. A "Software License and Usage Rights Agreement" was signed between Zenia Limited and BKC, covering the extension of the ATP Zenia software licenses currently used in BKC's restaurant operations for 2 years, together with the transfer of certain BKC-specific software. Under this agreement, a total of USD 9,890,000 + VAT will be paid to Zenia Limited. The intellectual property rights to the ATP Zenia platform will remain with Zenia Limited, and at the end of the 2-year license term, continued use will be subject to a new license agreement. The definitive agreements relating to the total transaction consideration of USD 12,000,000 + VAT and the service fee of RMB 31,000,000 + VAT stated in our public disclosure dated 23 July 2026 have been signed, and there is no change to the total amounts previously disclosed. 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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