From the Chairman

Dear Stakeholders,

I had not envisaged a global pandemic when i mentioned we should be prepared for external shocks in my new year letter.This global crisis has killed more than 2 mio people and left hundreds of millions unemployed and is putting all of us through a very tough test.

Işıklar group has focused on keeping our employees safe and our factories up and running at the same time.We have taken all necessary measures and i am pleased to report that we have not lost anyone to the covid.Our businesses have been positively affected by the pandemic.We managed to increase our turnover and profitability.

Our steel foundry subsidiary Cemas has realised her planned investments to double capacity and increase quality and started a second rights issue of 317 mio TL to realise the complementary investments such as increasing metal molding capacity,new machining center,additional 14 MW solar field etc to serve her local and international clients’ growing needs.

Işıklar Software and Technology EOOD ‘s first cripto currency İSİKC has started to trade succesfully in 3 different cripto exchanges,namely Cointiger,Fatbit and Paritex with usdt,btc and try trading pairs.ISIKC has launched an SPO to offer 10 mio ISIKC to our dealers and international cripto money investors in the beginning of 2021.

Işıklar Brick has succesfully launched her new glazed brick line in 2020 exporting glased bricks to main european markets with aim to reach 50% exports.

TİSK Microsurgery Foundation ,whom i am currently president of the board of trustees has risen to the occasion and supported Turkish workers in the pandemic by providing 4 mio masks and 100 ton disinfectants to fight Covid as well as contributing 20 mio tl to the national solidarity campaign.Through the online education program TİSK AKADEMİ some 40.000 employees have received training for OHSA programs.The foundation has opened new and modern training facility in Istanbul.

As we enter 2021 developments in vaccine are very positive and hope we can go back to our normal lives in the summer of this year.The achievement of 2 Turkish scientists in this regard have made all of us proud.

Wish you all health,happiness and success in the new year,

Best regards

Rıza Kutlu Işık