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English
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Hayır (No)
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Hayır (No)
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-
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Hayır (No)
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Within the scope of our strategies regarding new business partner relations with H&M Hennes & Mauritz GBC AB (H&M), which we announced to the public by KAP (public disclosure platform) material event disclosure dated 8 December 2022, it has added to agenda to establish a design office in Barcelona in order to maintain close relationships, prompt response to the demands of our customer and develop the market. In this context, it was decided to revise the plan that is disclosed to the public in the annex of the offering circular, corresponding to establish new design offices in Italy and/or Germany, which was included in the investment expenditures where 50%-60% of the funds proceeds from initial public offering would be used, and to revise as the establishment of the new design office in Barcelona. A rent agreement was signed on 27 February 2023 for a new design office in Barcelona, where 7 designers will be employed. The cost of establishing the design office in Barcelona, rent, deposit, commissions, fees and fringe benefits until the end of 2023 will be paid by the fund proceeds from the public offering. This statement has been 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.
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