Announcement Regarding Daiichi Elektronik’s Articles of Association Amendment

In line with our strategic portfolio management and value creation objectives, a significant milestone has been reached in the process of taking our subsidiary Daiichi Elektronik to the capital markets.

It has been resolved to initiate the necessary work, including a potential initial public offering, for Daiichi Elektronik—of which our Company holds a total stake of 46.6% (25% directly and 21.6% indirectly through our subsidiary Karel)—with the aim of enhancing its corporate governance, market visibility, and capital flexibility, thereby enabling it to better capitalize on global growth opportunities.

In this context, it has also been resolved to apply to the Capital Markets Board of Türkiye (CMB) for the amendment of the Company’s Articles of Association in order to ensure compliance with capital markets legislation.

Daiichi is a pioneering technology company that develops high-tech infotainment, navigation, and smart connectivity solutions for the global automotive industry. Producing at OEM (Original Equipment Manufacturer) standards, the company provides multimedia systems and electronic components to world-leading automotive brands.

As a key component of our strategy to enhance value creation within the framework of our Group’s 2030 vision, this step aims to bolster Daiichi’s global competitiveness while further reinforcing our group’s transparency standards. Further developments regarding the process will continue to be shared with the public in accordance with the relevant regulations.

Respectfully announced to the public and our shareholders.

Relevant KAP announcement link

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