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.
Mr. Özgür Yılmaz, Chief Customer Services Officer of our Company, has resigned from his position effective as of May 1, 2026 (today). Domestic Customer Services operations have been structured to report to Ms. Duygu Badem Uylukçuoğlu, Chief Marketing & Domestic Sales Officer. International Customer Services operations have been structured to report to Mr. Ali Yalçın, Chief Executive Officer of Europe. This is respectfully announced to the public.
The financial results presentation of our Company for the period 01.01.2026–31.03.2026 is made available to our investors on our corporate website (www.vestelinternational.com).
Ms. Zeynep Tarhan, our Chief Human Resources Officer, has submitted her resignation via her petition dated April 30, 2026, to be effective as of June 30, 2026. Respectfully announced to the public.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 88,080,000 commercial paper with fixed coupon payment with a maturity of 132 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The debt instrument offers an annual simple interest rate of 49%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
175,000,000 nominally valued corporate bond, which was sold to qualified investors on April 25, 2025 with a maturity of 370 days and with the ISIN Code of TRSVEST42613, was redeemed as of today (April 30, 2026) with completion of the fourth coupon payment amounting to TL 23,718,625 and the principal payment of TL 175,000,000.
The second coupon payment amounting to TL 14,161,303,80 on the TL 123,480,000 nominally valued corporate bond which was sold to qualified investors on October 27, 2025 with a maturity of 374 days and trades with the ISIN Code of TRSVESTK2610, was made as of today. The interest rate for the third coupon payment has been set as 11.4685%.
The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution:
Considering the assessment made by the Audit Committee dated 16/04/2026 regarding the selection of the independent auditor; it was unanimously resolved by the members present at the meeting that, in order to audit the financial reports of the Company for the fiscal year between 01.01.2026–31.12.2026 in accordance with the principles determined under the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362 and the relevant legislation, and to carry out other activities within the scope of these laws and related regulations, an independent audit services agreement shall be executed with PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi, having its registered at Kılıçali Paşa Mah. Meclis-i Mebusan Cad. No 8 İç Kapı No 301 Beyoğlu/İstanbul and registered with the Istanbul Trade Registry under number 201465-0, shall be elected as the independent audit firm, and that this matter shall be submitted to the approval of the shareholders at the 2025 Ordinary General Assembly Meeting.
This resolution has been adopted unanimously by the members of the Board of Directors present at the meeting.