[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Hayır (No)
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Explanations
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By the decision of our Company's Board of Directors dated 14.04.2023,

Within the scope of the medium/long term strategic investment plans, the Company plans to establish a production facility of approximately 16.000 sqm in Torbalı Organized Industrial Zone in order to actualize its capacity increase targets, meet the increasing demands of domestic and export customers and increase its production activities. In the new facility to be established, it is aimed to provide additional employment for 110 people with 3 new production lines for apparel. The cost of the building and machinery investment, which is planned to be completed by the end of 2023 and estimated to be approximately 120 million TL, will be paid from the "Investment Expenditures" portion corresponding to 50%-60% of the funds obtained from the public offering of our Company's shares through capital increase. With the new production facility, which is planned to operate at full capacity, 15% increase in internal capacity is targeted.

In addition to aforementioned investment, a new building of approximately 8.750 sqm in Torbalı will be constructed by our subsidiary Ekoten Tekstil Sanayi ve Ticaret A.Ş. (Ekoten) This new building will provide the opportunity to change production layout in Torbalı production facility, which is currently being operated as a fully integrated facility, and together with the aforementioned investment and the new warehouse to be rented, it will provide approximately 50% capacity increase to  Ekoten's production activities. The investment amounting approximately 100 million TL that is targeted to be completed by the end of 2023, will be paid from the Company's internal resources.

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.