[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Altek Alarko Elektrik Santralları Tesis, İşletme ve Ticaret Anonim Şirketi , which is our subsidiary in the field of energy activities and Gotion Singapore PTE. Ltd . which is subsidiary of  one of the world's leading lithium-ion battery manufacturer Gotion Group, in which German automobile manufacturer Volkswagen Group holds an approximately 24% stake through its joint venture in China signed a joint venture agreement on 20/05/2024 that covers the investment in an assembly plant for energy storage systems and a lithium-ion battery production plant at a later second stage to be established in Turkiye.

Within the scope of the joint venture agreement, Altek Alarko Elektrik Santralları Tesis, İşletme ve Ticaret Anonim Şirketi shall participate 60% (sixty) and Gotion Singapore PTE. Ltd. shall participate 40% (forty) to the share capital of  new company to be established in Turkiye

Within the scope of this investment, it is aimed to contribute to employment, technology development and production of value-added products in the domestic market, while increasing our country's export revenues through sales and marketing activities to be carried out in international markets.

This statement has been translated into English for information purposes only. In case of any discrepancy between Turkish and English versions of this statement of disclosure, Turkish version shall prevail.

Respectfully announced to the public.