As part of our strategic evaluations, while operations at Polisan Hellas S.A. (|||Polisan Hellas|||), our wholly-owned subsidiary based in Greece, are ongoing, negotiations regarding the sale of its shares have not yielded any definitive outcome at this stage.Given the completion of sales from existing inventory and the continued contraction in demand in the PET industry, it has been resolved — with due consideration of the impact on our consolidated financial statements — to terminate the employment contracts of a limited number of Polisan Hellas personnel, to cease production activities, and to continue providing support to reduce the subsidiary`s financial liabilities.
Since the negotiations with potential buyers are ongoing, and in order not to compromise our Company`s bargaining position or mislead investors, the disclosure of this information was postponed in line with the Board of Directors resolutions dated 05.08.2023 and numbered 2023/26, and dated 12.03.2025 and numbered 2025/6, until a decision is made regarding the share sale or the operations of Polisan Hellas.
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.
