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We felt the need to inform our investors about the latest status of the "GRP Pipe Production Facility" investment in Malatya Organized Industrial Zone, which is a frequently asked question to our company. To date, 464.521.359 TL has been paid for our investment. Within this scope, all production lines and equipment have been purchased, factory building, administrative building, stock area and landscaping construction works have been completed. The process infrastructure works within the production facility is at 90% level and will be completed by the end of April 2024. Shipment operations of the production lines will begin by the end of May 2024. Thus, it is planned to make the "Malatya GRP Pipe Production Facility" ready for production by the end of June 2024.
Respectfully submitted to the public and to our investors.
Best regards
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.