[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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New Business Relation
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_NatureOfTheOtherPartyWithWhichNewBusinessRelationWillStart|
Nature Of The Other Party With Which New Business Relation Will Start
Müşteri (Customer)
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Name Surname Or Company Title Of Customer Or Supplier
SCHACMINDO
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If Exists Share Of Customer Or Supplier In Net Sales Or Cost Of Goods Sold On Latest Disclosed Profit Or Loss And Other Comprehensive Income Statement Of Company
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oda_IfExistsShareOfCustomerOrSupplierInTradeReceivablesOrDebtsOnLatestDisclosedStatementofFinancialPositionOfCompany|
If Exists Share Of Customer Or Supplier In Trade Receivables Or Debts On Latest Disclosed Statement of Financial Position Of Company
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Expected Starting Date O fNew Business Relation
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If Exist Significant Provisions Of The Contract
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Impact Of New Business Relation On Company Activities
Positive impact on company revenues.
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Explanations
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A Memorandum of Understanding (MoU) was signed between KARSAN and one of Indonesia's well-established companies, CREDO GROUP company SCHACMINDO, for the export and SKD type (semi-disassembled) manufacturing stages for electric minibus and bus conversion in Indonesia.

In case of a final agreement by the parties, it is aimed that the electric vehicle transformation of public transportation vehicles in important cities in Indonesia will play an important role within the framework of this cooperation.

Yours faithfully,

The English translation of this disclosure is provided and in case of any discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.