ALKİM KAĞIT SANAYİ VE TİCARET A.Ş.

AGM Information • Sep 4, 2024

MINUTES OF THE EXTRAORDINARY GENERAL ASSEMBLY MEETING OF ALKİM PAPER INDUSTRY AND TRADE INC. HELD ON 04 SEPTEMBER 2024

The Extraordinary General Assembly Meeting of Alkim Kağıt Sanayi ve Ticaret A.Ş. was held on 04.09.2024 at 11:00 a.m. at the company's headquarters located at Organize Sanayi Bölgesi Kırovası Mevkii, Kemalpaşa, İzmir. The meeting was conducted under the supervision of Ministry Representatives Ms. Pınar Özcan and Ms. Hilal Cebeci Meşe, who were appointed by the İzmir Provincial Directorate of Commerce as per their letter dated 29/08/2024, numbered 100312484.

The invitation to the meeting was made in compliance with the law and the articles of association, including the agenda, and was published in the Turkish Trade Registry Gazette on 02.08.2024, issue number 11135. Additionally, registered shareholders and those who had previously deposited their shares and provided their addresses were notified by registered mail on 01.08.2024, within the required timeframe.

According to the list of attendees, a total of 14.742.274.137,50 shares were represented, corresponding to a nominal value of TL 147.422.741.375, which includes 51.250.412,50 shares with a nominal value of TL 512.504,125 in person, 30.100,00 shares with a nominal value of TL 301,00 by proxy deposited, and 14.690.993.625 shares with a nominal value of TL 146.909.936,25 by proxy. Since the minimum quorum required by law and the articles of association was met, the meeting was opened by the Chairman of the Board, Mr. Ferit Kora, and the agenda items were discussed.

1. In the motion proposed by Ms. Özay Kora, Mr. Ferit Kora was nominated as the Chairman of the Meeting, Mr. Murat Balpınar as the Secretary, Mr. Hakan Karabulut as the Vote Collector, and Mr. Özgür Arslan to use the electronic general assembly system. The proposal was put to a vote and accepted by a majority, with one dissenting vote.

A moment of silence was observed in memory of the founder of the Republic of Turkey, Great Leader Mustafa Kemal Atatürk, his comrades, and the founders and employees of Alkim who have passed away.

1. In order to carry out a capital increase from the company's internal resources, in accordance with the decision of the Capital Markets Board dated 07/03/2024, numbered 14/382, and the General Communiqué of the Tax Procedure Law (Serial No: 555), it was presented to the General Assembly that, per the Board of Directors' decision dated 28.05.2024:

The accumulated losses of TL 603.245.647 in the financial statements as of 31.12.2023 were offset sequentially by TL 90.551.394 from the net profit of the period, TL 225.871.184 from Restricted Reserves set aside from profits including inflation adjustments, and the remaining TL 286.823.069 from Capital Adjustment Differences.

In the financial statement adjusted in accordance with the provisions of the General Communiqué of the Tax Procedure Law (Serial No: 555) and included in the company's legal books and records, the accumulated losses of TL 374.013.390,13 arising from inflation accounting were offset sequentially by TL 238.058.615,91 from inflation adjustments of Legal Reserves, TL 130.776.333,07 from inflation adjustments of Extraordinary Reserves, and the remaining TL 5.178.441,15 from Positive Capital Adjustment Differences.

• 1. In the motion proposed by Ms. Özay Kora, it was voted to accept the reading of the old and new versions of the Articles of Association Amendment Text. The proposal was accepted by a majority, with one dissenting vote. The item to increase the company's capital from TL 183,750,000 to TL 735,000,000 by distributing bonus shares to the shareholders, and to amend Article 6 of the Articles of Association as approved by the Capital Markets Board's letter dated 10.07.2024, numbered E-29833736-110.03.03-56742, and the letter of the Republic of Turkey Ministry of Commerce dated 16.07.2024, numbered E-50035491-431.02-00098788410, was presented for approval. The proposal was accepted by a majority, with one dissenting vote, and the amendment was approved. The new version of Article 6 of the Articles of Association is attached as Annex.1.
• 1. In the wishes and requests section, Ms. Özay Kora took the floor to congratulate the company on its achievements. The General Assembly meeting was closed by the Chairman of the Meeting at 11:25 a.m.

Ministry Representatives Chairman of the Meeting Pınar Özcan – Hilal Cebeci Meşe Ferit Kora

Secretary Vote Collector

Murat Balpınar Hakan Karabulut

Annex.1.

ALKİM KAĞIT SANAYİ VE TİCARET A.Ş.

New Version of Article 6 titled "CAPITAL AND GROUPS OF SHARES" of the Articles of Association, approved at the Extraordinary General Assembly Meeting held on 04.09.2024

CAPITAL AND GROUPS OF SHARES:

Article.6.

The company's capital is 735.000.000 TL (Seven hundred and thirty-five million Turkish Lira).

Each share has a nominal value of 1 (One) Kurus and is divided into 73.500.000.000 shares. The entire capital of 735.000.000 TL has been fully paid.

The company's capital is 735.000.000 TL, and its distribution is as follows:

	Registered -	Number of
Group	Bearer	Shares	Amount (TL)
Group A	Registered	5.250.000	52.500	TL
Group B	Registered	4.200.000	42.000	TL
Group C	Registered	4.393.200	43.932	TL
Group D	Registered	156.800	1.568	TL
Group E	Registered	1.666.000.000	16.660.000	TL
Group F	Bearer	71.820.000.000	718.200.000	TL
	Total	73.500.000.000	735.000.000	TL

Group E registered shares amounting to 1.190.000 TL and Group F bearer shares amounting to 10.000.000 TL, totaling 11.190.000 TL, have been contributed as in-kind capital by Alkim Alkali Kimya A.Ş.

This time, the increased amount of 551.250.000,00 TL will be covered entirely by positive differences from Capital Adjustments, and new free shares equivalent to the total amount of 551.250.000,00 TL will be distributed to existing shareholders in proportion to their shares.

Shares representing the capital are monitored in dematerialised form within the framework of dematerialisation principles.

Ministry Representatives Chairman of the Meeting Pınar Özcan – Hilal Cebeci Meşe Ferit Kora

Secretary Vote Collector

Murat Balpınar Hakan Karabulut