BIRLESIM_2022 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2022 ANNUAL REPORT 120 FINANCIAL INFORMATION AND ASSESSMENT ON RISK MANAGEMENT The Company manages its operations in a transparent, accountable, fair and responsible manner. Board of Directors started to work on establishing an Internal Audit Department to detect and prevent risks which have impacts on business flows including risk management, information systems and processes and which may affect the Company’s stakeholders. The Company receives external professional support for this. Furthermore, Early Detection of Risk Committee was established within the scope of corporate governance applications. The Committee is responsible for early detection of all types of risks which may put the Company’s existence, development and sustainability into danger, such as strategic, operational, financial, compliance and other risks, for taking measures and actions as necessary and for conducting and coordinating activities with the objective of management and review of risks and for reporting them to the Board of Directors. CHANGES IN ARTICLES OF ASSOCIATION DURING THE PERIOD Birleşim Mühendislik’s authorized capital is TL 300,000,000. The company petitioned the Capital Markets Board to increase its issued capital from TL 102,000,000 to TL 224,000,000. All TL 122,000,000 of this increase is the result of a 119.60784% rise in the par value of the company’s shares. This petition was approved by CMB license E-29833736-105.01.01.01-28960 dated 18 November 2022 and bonus shares corresponding to the increase were issued on 25 November 2022. CMB also approved the amendment of article 6 (“Capital”) of Birleşim Mühendislik’s articles of association. This amendment was announced in issue 10713 of Turkish Trade Registry Gazette on 28 November 2022. CORPORATE RISK MANAGEMENT PRACTICES