ÇAN2 TERMİK A.Ş.

Registration Form • Jan 15, 2024

ÇAN2 TERMİK A.Ş. AMENDMENT TO THE ARTICLES OF ASSOCIATION

CURRENT TEXT	NEW TEXT
Article 6-Capital And Shares	Article 6-Capital And Shares
The company has accepted the registered capital	The company has accepted the registered capital
system in accordance with the provisions of the	system in accordance with the provisions of the
Capital	Capital
Market	Market
Law	Law
numbered	numbered
6362	6362
and	and
commenced the registered capital system with the	commenced the registered capital system with the
permission of the Capital Markets Board dated	permission of the Capital Markets Board dated
24/12/2020 and numbered 78/1611.	24/12/2020 and numbered 78/1611.
The registered authorized stock of the company is	The registered authorized stock of the company is
1.262.050.000 Turkish Lira and it is divided into	10.000.000.000 1.262.050.000 Turkish Lira and it
1.262.050.000 shares, each with a value of 1 (one)	is divided into 10.000.000.000 1.262.050.000
Turkish Lira.	shares, each with a value of 1 (one) Turkish Lira.
The registered authorized stock permission given by the Capital Markets Board is valid for the years between 2020-2024 (5 years). Even if the permitted registered authorized stock has not been reached at the end of 2024, it is obligatory to obtain authorization from the General Assembly for a new period not exceeding 5 years, by obtaining permission from the Capital Markets Board for the given ceiling or a new ceiling amount. In case of failure to obtain the said authorization, capital increase cannot be made with the decision of the Board of Directors.	The registered authorized stock permission given by the Capital Markets Board is valid for the years between 2024-2028 2020-2024 (5 years). Even if the permitted registered authorized stock has not been reached at the end of 2028 2024, it is obligatory to obtain authorization from the General Assembly for a new period not exceeding 5 years, by obtaining permission from the Capital Markets Board for the given ceiling or a new ceiling amount. In case of failure to obtain the said authorization, capital increase cannot be made with the decision of the Board of Directors.
The	The
issued	issued
capital	capital
of	of
the	the
company	company
is	is
938.116.902,57 Turkish Lira and the said issued	938.116.902,57 Turkish Lira and the said issued
capital has been fully paid without any collusion.	capital has been fully paid without any collusion.
This capital is divided into 938.116.902,57 shares,	This capital is divided into 938.116.902,57 shares,
each with a nominal value of 1 (one) Turkish Lira.	each with a nominal value of 1 (one) Turkish Lira.
The shares representing the capital are registered	The shares representing the capital are registered
and these shares are monitored in records within	and these shares are monitored in records within
the framework of dematerialization principles. The	the framework of dematerialization principles. The
capital of the company can be increased or	capital of the company can be increased or
decreased when necessary within the framework of	decreased when necessary within the framework of
the provisions of the Turkish Commercial Code	the provisions of the Turkish Commercial Code
and capital markets legislation.	and capital markets legislation.
In accordance with the provisions of the Capital	In accordance with the provisions of the Capital
Market Law, the Board of Directors is authorized	Market Law, the Board of Directors is authorized
to increase the issued capital by issuing new shares	to increase the issued capital by issuing new shares
up to the registered authorized stock when deemed	up to the registered authorized stock when deemed
necessary, to restrict the shareholders' right to	necessary, to restrict the shareholders' right to
purchase new shares, and to issue shares with	purchase new shares, and to issue shares with
premium or below their nominal value. The	premium or below their nominal value. The
authority to restrict the right to purchase new	authority to restrict the right to purchase new
shares cannot be exercised in a way that causes	shares cannot be exercised in a way that causes
inequality among shareholders.	inequality among shareholders.