Kap Notices

Ms. Tuğba Gök Nam has been appointed as Chief Human Resources Officer of our Company, effective as of July 16, 2026. Respectfully announced to the public.

The Ordinary General Assembly Meeting of our Company for the year 2025 was registered by the Istanbul Trade Registry Office on 22 May 2026 and published in the Turkish Trade Registry Gazette dated 22 May 2026 and numbered 11588.

The resolution adopted at the General Assembly Meeting held on 14 May 2026 regarding the appointment of PwC Independent Audit and Certified Public Accountant Inc. as the independent auditor of our Company was registered on 22 May 2026 and published in the Turkish Trade Registry Gazette dated 22 May 2026, issue no. 11588.

On 22 May 2026, the Board of Directors resolved as follows;

1. To appoint Independent Board Member Mr. Emin ATAÇ as Chairman of the Corporate Governance Committee, and Independent Board Member Ms. Ayşe Botan BERKER and Investor Relations Responsible Ms. Bensu GÜDE as members of the Corporate Governance Committee,
2. To appoint Independent Board Member Ms. Ayşe Botan BERKER as Chairperson of the Audit Committee, and Independent Board Member Mr. Emin ATAÇ as member of the Audit Committee,
3. To appoint Independent Board Member Ms. Ayşe Botan BERKER as Chairperson of the Early Detection of Risk Committee, and Independent Board Member Mr. Emin ATAÇ as member of the Early Detection of Risk Committee,
4. To appoint Independent Board Member Mr. Emin ATAÇ as Chairman of the Strategy, Investment and R&D Committee, and Mr. Mehmet Emre ZORLU as member of the Strategy, Investment and R&D Committee,
5. To appoint Independent Board Member Mr. Emin ATAÇ as Chairman of the Sustainability Committee, and Mr. Bekir Cem KÖKSAL as member of the Sustainability Committee.

At the Ordinary General Assembly Meeting of the Company pertaining to the 2025 fiscal year, held on 14 May 2026, the resolutions set out below were duly adopted :

1. The financial statements of the Company for the 2025 fiscal year were approved.
2. The TSRS-Compliant Sustainability Report of the Company for the 2024 fiscal year was approved.
3. Given that no distributable profit was recorded in the Company's 2025 financial statements prepared in accordance with the Capital Markets legislation and the Tax Procedure Law, the General Assembly has resolved not to distribute dividends for the 2025 fiscal year.
4. The members of the Board of Directors were released separately for their activities and transactions during the 2025 fiscal year.
5. The number of Board members was determined as 5, and for a term of 1 year, Ms. Ayşe Botan Berker and Mr. Emin ATAÇ were elected as independent Board members, and Vestel Mobilite Sanayi ve Ticaret Anonim Şirketi (represented by its real person representative Mr. Ahmet Nazif ZORLU), Vestel Ventures Arge Anonim Şirketi (represented by its real person representative Mr. Olgun ZORLU) and Vestek Elektronik Araştırma Geliştirme Anonim Şirketi (represented by its real person representative Mr. Cem Köksal) were elected as Board members.
6. The remuneration of the independent members of the Board of Directors was determined, and it was resolved that no remuneration would be paid to the other members.
7. PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi was elected as the independent auditor to conduct the audit of the accounts and transactions for the year 2026 in accordance with the Turkish Commercial Code and capital markets legislation, and to carry out the mandatory sustainability assurance audit for 2026 pursuant to the regulations of the Public Oversight, Accounting and Auditing Standards Authority.
8. The donation limit for 2026 was determined as 0.05% of the revenue amount calculated based on the Company's annual financial statements for 2025 prepared and publicly disclosed in accordance with the regulations of the Capital Markets Board.
9. It was resolved to authorize the members of the Board of Directors pursuant to Articles 395 and 396 of the Turkish Commercial Code

At the Ordinary General Assembly Meeting of our Company for the 2025 fiscal year held on 14.05.2026, the shareholders resolved, by taking into consideration the proposal of the Board of Directors dated 16.04.2026 and numbered 2026/24, not to distribute dividends since the Company recorded a net loss for the period amounting to TRY 6,321,583,000 in its financial statements for the 2025 fiscal year and a net loss for the period amounting to TRY 5,710,550,455 in its individual financial statements prepared in accordance with the relevant provisions of the Tax Procedure Law No. 213, and therefore no distributable profit existed in the Company's financial statements.

In accordance with the recommendation of the Audit Committee and pursuant to our Audit Committee and pursuant to the resolutions of our Company dated 16/04/2026 and numbered 2026/26 and dated 16/04/2026 and numbered 2026/27, the appointment of PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi as the independent audit firm to conduct the audit of the accounts and transactions of the Company for the fiscal period between 01.01.2026 and 31.12.2026 within the framework of the Capital Markets Law and the relevant legislation, as well as the Turkish Commercial Code and the relevant legislation, and additionally to perform the mandatory sustainability assurance audit regarding the report to be prepared in accordance with the Turkish Sustainability Reporting Standards published by the Public Oversight, Accounting and Auditing Standards Authority for the our Company's 01.01.2026 – 31.12.2026 fiscal year, has been approved by the General Assembly.

According to Article 10 titled "Common and Continuous Transactions" of the Communiqué on Corporate Governance No. II-17.1 of the Capital Markets Board, which was published in the Official Gazette dated January 3, 2014, and numbered 28871, within the scope of Vestel Beyaz Eşya Sanayi ve Ticaret AŞ's ("Company") financial planning for the year 2026; total revenues to be generated from the sale of products to Vestel Ticaret AŞ in 2026 are foreseen to exceed 10% of the Company's revenues in its latest publicly announced annual financial statements. It is concluded that the scope and the terms of the sales transactions are compatible with previous years and are reasonable when compared to market conditions.

In accordance with the resolution of the Board of Directors dated 04.05.2026, Vestel Beyaz Eşya Sanayi ve Ticaret A.Ş. has decided to apply to the Capital Markets Board of Türkiye for the issuance of debt instruments in Turkish Lira up to a total amount of TRY 2,000,000,000 (two billion Turkish Lira), with maturities of up to five (5) years, in one or more issuances, through private placement and/or allocated sale to qualified investors without public offering.