A Share Transfer Preliminary Agreement has been signed for the acquisition of all shares of a Special Purpose Company (SPV) which has 2 Storage Solar Power Plant Pre-Licenses with a total power of 35 MW and EIA Positive Certificates, for 32,000,000 TL by Our Company and by our Company’s subsidiary Smart Global Enterprises & Trading B.V. established in the Netherlands within the scope of the exceptions stated in Article 57 of the Electricity Market License Regulation. The company to which the share transfer will be made will be determined depending on the approval of the relevant public institution. An application has been made to EMRA for Share Transfer Approval for the investment in question, which is planned to be financed with a foreign financing source.

The engineering services and panel installation of 2 Storage Solar Power Plants with a total size of 35 MW will be provided by our Company, and in order to benefit from the local contribution margn, it is planned to use the solar panels that our Company will produce using domestic cells in the Aliağa Solar Cell & Solar Panel Integrated Production Facility.