Hepsiburada makes changes to board committees’ composition

D-MARKET Electronic Services & Trading d/b/a Hepsiburada announced the Board of Directors’ decision to make certain changes to the composition of its Audit Committee and Corporate Governance Committee. The Board of Directors has decided to compose its Audit Committee, Risk Committee and Corporate Governance Committee with the participation of the following members, effective immediately: Audit Committee: Mr. Tayfun Bayazit, Mr. Ahmet F. Ashaboglu and Mr. Stefan Gross-Selbeck. Risk Committee: Mr. Ahmet F. Ashaboglu, Mr. Tayfun Bayazit and Mr. Tolga Babali. Corporate Governance Committee: Mr. Ahmet F. Ashaboglu, Mr. Tayfun Bayazit and Mr. Tolga Babali. Each committee will subsequently appoint a committee chairperson. The Board of Directors has determined that Messrs. Bayazit, Ashaboglu and Gross-Selbeck are independent directors, and, as a result, all of the members of the Audit Committee, are independent directors who satisfy the “independence” requirements set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended and Nasdaq’s listing rules. The new members of our Audit Committee meet the requirements for financial literacy under the Exchange Act and Nasdaq’s listing rules. Moreover, the Board of Directors has determined that each of Messrs. Bayazit, Ashaboglu and Gross-Selbeck is an audit committee financial expert as defined under the applicable rules of the U.S. Securities and Exchange Commission and has the requisite financial sophistication as defined under the applicable rules and regulations of Nasdaq.