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| 17.07.2024 - 11.02.2025 - 26.03.2025 - 19.06.2025 - 04.03.2026 - 02.04.2026 – 22.06.2026 | |||||||
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| Hayır (No) | |||||||
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oda_ExplanationTextBlock| | In our Company's material event disclosure dated April 2, 2026, it was announced to the public that a decision had been made to increase the existing annual solar cell production capacity of our wholly-owned subsidiary, CW Solar Cell Enerji A.Ş., from 1.2 GW to 2.5 GW through an investment in an additional production line, the procurement and installation of machinery and equipment, and the optimization of existing production lines. In this regard, it has now been decided that CW Solar Cell Enerji A.Ş. will undertake the necessary credit and financing transactions through Türkiye Vakıflar Bankası T.A.O. under a TRY 3,150,000,000 Medium- and Long-Term Investment Loan (YTAK) and a EUR 22,000,000 Letter of Guarantee Limit (for the Purpose of Obtaining Cash Loans) to finance the aforementioned second-phase capacity expansion investment. Within the scope of this financing arrangement, in accordance with the requirements and conditions of the lending bank, it has been resolved that, in addition to the personal guarantee of Mr. Tarzan Tarık Sarvan, Chairman of the Board of Directors and controlling shareholder of our Company, a share pledge shall be established in favor of Türkiye Vakıflar Bankası T.A.O. over 265,000,000 non-exchange-traded Group B shares owned by him, with a total nominal value of TRY 265,000,000, as security for the relevant loan obligations, limited to the amount to be specified in the loan documentation. In line with the investment plan, orders have been placed for the machinery and equipment to be used in the capacity expansion, and investment activities are ongoing. Material developments regarding the investment process will be disclosed to the public in accordance with the applicable capital markets legislation. Respectfully announced to the public. In the event of any discrepancy between this disclosure and its English translation, the Turkish disclosure 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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