[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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A non-binding Memorandum of Understanding (MoU) is signed between Vestel Mobilite Sanayi ve Ticaret AŞ, a wholly-owned subsidiary of Vestel Elektronik Sanayi ve Ticaret AŞ, and Hiconics Eco-energy Technology, which is part of the Chinese Midea Group, to explore potential collaboration opportunities in the areas of design, production, marketing and sales of residential energy storage products for the Turkish and European markets, as well as joint development of products according to market needs. Developments will be fully and promptly disclosed to the public.

This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.