[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Our company, Reap Battery Technologies A.S., which is 100% owned by Yeo Teknoloji, signed a shareholder agreement with Great Power Group, which is one of the world's leading battery manufacturers and listed as Tier-1 by Bloomberg New Energy Finance (BNEF).  Under this partnership, a new company will be established with 51% owned by Reap A.S. and 49% shared by Great Power.

As part of this partnership, Reap A.S. will be able to produce under its own brand "Reap Battery" and"Great Power" brand to be manufactured in Turkish market. The new company will be able to sell the both brands products from both manufacture plants in Turkyie as well as in Europe, CIS countries, and African countries as of now.

With this new collaboration, it is aimed to create a significant impact by combining the knowledge and experience of Yeo Technology and Reap A.S. with the advanced battery technology, and production experience of Great Power.

Great Power, founded in 2001, produce the full range of high-tech lithium-ion (LFP) battery cells with total capacity of 65 GWh and BESS in its 9 different product plants in order to serve EV, utilities, and C&I markets as of 2024.

Great Power is listed as Tier-1 manufacturers among the 38 companies in the world by BNEF (BloombergNEF's tier 1 criteria as of 3Q 2024).

As per the market requirement, Reap A.S. and Great Power will target to extend the co-operation  to the"battery cell" production which is under the scope of recently announced Hit-30 High Technology Investment Program.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail.