[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Material Event Disclosure General
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Hayır (No)
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Pursuant to the Board of Directors' resolution dated 09.06.2021 and numbered 2021/30, Vestel Elektronik transferred all of its shares in its wholly-owned subsidiary Vest Batarya Sistemleri AŞ, which has a paid-in capital of TL50,000, at nominal value to Vestel Komünikasyon Sanayi ve Ticaret AŞ ("Vestel Kom"), another wholly-owned subsidiary of the Company, within the scope of the merger of both companies under the umbrella of Vestel Kom  through the facilitated merger procedure. The share transfer is completed as of June 9, 2021 (today). A simplified corporate structure is aimed with the said merger.