Adopted by the Board of Directors of Sanica Isı Sanayi A.Ş. on 30.10.2024;

The financial statements for the period 01.01.2024 - 30.09.2024, prepared in accordance with the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets (II-14.1) published in the Official Gazette dated June 13, 2013 and numbered 28676 by the Capital Markets Board (CMB), the CMB Principle Decision on the application of inflation accounting dated December 28, 2023, and the Turkish Accounting Standards and Turkish Financial Reporting Standards (TFRS) issued by the Public Oversight, Accounting and Auditing Standards Authority (KGK) along with the additional interpretations related thereto, and presented in compliance with the TFRS Taxonomy developed based on the financial statement samples set forth in the Financial Statement Samples and Usage Guide published by the KGK in the Official Gazette dated June 7, 2019 and numbered 30794;

The board of directors' activity report for the 9-month accounting period of 2024, prepared in accordance with the Turkish Commercial Code, the "Regulation on the Determination of the Minimum Content of Annual Activity Reports of Companies" published by the Ministry of Customs and Trade, and the provisions of the Communiqué on Principles of Financial Reporting in Capital Markets (II-14.1) issued by the Capital Markets Board, and prepared in compliance with the relevant legislative provisions; have been reviewed by us.

 

Reviewed by our side, 

Based on the information within our scope of duties and responsibilities, the financial statements and activity reports reviewed by our Board of Directors are as follows and we declare:

- The financial statements and activity reports do not contain any misleading statements or any deficiencies that could lead to misleading as of the date of disclosure in significant matters;

- The financial statements prepared in accordance with the current financial reporting standards truthfully reflect the assets, liabilities, financial position, and profit or loss of the business; and

- The activity report honestly reflects the business's development and performance, along with the financial position, significant risks, and uncertainties faced by the business;

Best regards,

SANİCA ISI SANAYİ A.Ş.

TOLGAHAN ÜREŞ 

Chairman of the Audit Committee

MEHMET KAĞAN TURAN 

Member of the Audit Committee

EMRE FATİNOĞLU 

General Manager of Production and Management Organizations Member of the Board of Directors