CW ENERJİ MÜHENDİSLİK TİCARET VE SANAYİ A.Ş. Özel Durum Açıklaması (Genel) 9 Kasım 2026

Within the scope of the new business relationships concerning our Company and its subsidiaries, which were previously disclosed to the public by our Company, the current status of ongoing delivery and project processes is presented below.

Within the scope of the contract regarding a solar power plant (SPP) project signed between our Company and our domestic customer, which was publicly disclosed on 11.06.2025, the installation works have been completed. However, due to reasons arising from the customer's financing processes, approximately 40% of the payment has been collected, and the remaining payment is expected to be completed by the end of the fourth quarter of 2026.

Within the scope of the solar panel sales contract signed between our Company and a domestic customer, which was publicly disclosed on 28.08.2025, shipment processes are ongoing. Under the said contract, approximately 70% of the contract value and installation works have been completed. However, due to the relevant legal permit and approval processes not yet having been completed and the project site not having been made ready for installation, changes have occurred in the installation and implementation schedule. Accordingly, the works under the contract are expected to be completed by the end of the first quarter of 2027.

Within the scope of the solar panel sales contract signed between our Company and our domestic customer, which was publicly disclosed on 09.09.2025, shipment processes are ongoing. Within the scope of the said business relationship, approximately 65% of the total contract value has been collected, and approximately 45% of the installation works have been completed. Changes have occurred in the installation and implementation schedule due to the existing conditions at the project site and legal permit processes. Accordingly, the works under the contract are expected to be completed by the end of the first quarter of 2027.

Within the scope of the solar cell sales contract signed between our Company and our foreign customer, which was publicly disclosed on 14.11.2025, shipment processes are ongoing. Within the scope of the said business relationship, approximately 75% of the total contract value and related collections have been completed. In line with changes in production and shipment planning due to demand for domestically produced solar cells in the domestic market, the obligations under the contract are expected to be fulfilled by the end of the fourth quarter of 2026.

As a result of the negotiations conducted within the scope of the Letter of Intent (LOI) regarding the sale of solar panels signed between our Company and our foreign customer, which was publicly disclosed on 31.08.2026, the parties have mutually agreed not to continue the said business relationship within the framework of their evaluations regarding commercial terms and the implementation of the cooperation.

This disclosure is made pursuant to paragraph seven of Article 23 of the Capital Markets Board's Communiqué on Material Events Disclosure No. II-15.1.

Respectfully announced to the public.

In case of any discrepancy between this disclosure and its English translation, the Turkish version shall prevail.