At the meeting of the Board dated March 23, 2023 and numbered 2023/17;
In accordance with the Capital Markets Board's Corporate Managing Communiqué (II-17.1); it has been decided to elect Mr. Selahattin SERBEST, Independent Member of the Board, as Chairman of the Audit Committee, and Mr. Salim Can KARAŞIKLI, Independent Board Member, as Member of the Audit Committee.



1 - PURPOSE AND SCOPE :
The purpose of this regulation is to determine the duties and working principles of the Audit Committee in order to fulfill its duties and responsibilities of Çemtaş Çelik Makina Sanayi ve Ticaret A S Board, in accordance with the Capital Markets legislation in a healthy manner.

The Committee presents suggestions to the Board regarding the sound execution of the financial and operational activities of the company within the scope of this regulation and legal legislation.

2 -STRUCTURE OF THE COMMITTEE :
The Committee consists of at least of two members to be elected among the Independent Board Members of the Company.

3 - DUTIES AND RESPONSIBILITIES :
The Committee acts under its own authority and responsibility, makes recommendations to the Board and, when necessary, prepares reports and presents its to the Board.

The final decision and responsibility belongs to the Board.

Committee :

• It oversees the operation and effectiveness of the company's accounting system, public disclosure of financial information, independent auditing, and the company's internal control system.
• It selects the independent auditing company from which the establishment will receive service and submits it to the approval of the Board.
• Oversees the work of the independent audit firm.
• It examines and concludes the complaints received by the company regarding the company's accounting and internal control system as well as the independent auditing.
• It determines the methods and criteria to be applied in the evaluation, within the framework of the confidentiality principle, of the company's employees' notifications on accounting and independent audit matters.
• Regarding the suitability and correctness of annual and interim financial statements to be disclosed to the public; it takes the opinions of the responsible managers and independent auditors and other units necessary and notifies the Board in writing together with their own evaluations.
• When a Corporate Managing Rating and Credit rating is requested, the selection of the institutions in question, the preparation of the contracts and the initiation of the process are done under the supervision of the committee.

It may benefit from the consultancy of independent experts on the issues necessary regarding its activities. The cost of consultancy services required by the Committee is covered by the company.

The Committee meets minimum four times a year, at least once every three months, and reports the meeting results to the Board.

The Committee immediately notifies the Board in writing, regarding its duties, responsibilities, findings and proposals

Keeping and archiving the meeting minutes of the Committee and informing the committee members effectively are carried out by the Secretariat of the Board.

4 - ENFORCEMENT :
This regulation regarding the Duties and Working Principles of the Audit Committee was accepted and entered into force with the decision of the Board dated 06.04.2012 with article 17

This regulation and changes to be made are carried out by the Board.