D-MARKET Electronic Services & Trading announced the resignation of Mr. Erol Çamur and Mr. Halil Korhan Öz, Hepsiburada's Chief Financial Officer, from its Board of Directors and the appointment of Dr. Halil Cem Karakas and Mr. Ahmet Fadil Ashaboglu as of May 20, 2022. Mr. Halil Korhan Öz served on the Audit Committee of the Board of Directors. The resignation of Mr. Erol Çamur and replacement by an independent director was anticipated at the time of Hepsiburada's initial public offering and neither the resignation of Mr. Erol Çamur nor the resignation of Mr. Halil Korhan Öz was the result of any disagreement with Hepsiburada.

Hepsiburada and its Board of Directors express their appreciation to both Mr. Erol Çamur and Mr. Halil Korhan Öz for their many contributions to the Board of Directors and its committees and service to Hepsiburada. Mr. Halil Korhan Öz will continue to serve as the Company's Chief Financial Officer. Both Dr. Karakas and Mr. Ashaboglu were proposed by the Company's Corporate Governance Committee to its Board of Directors as independent members of the Board of Directors.

The appointments of Dr. Karakas and Mr. Ashaboglu will subsequently be submitted to the approval of Hepsiburada's shareholders at the Company's first Annual General Assembly. Dr. Cem Karakas, 47, is an industrial restructuring leader in global snacking industry. He has led large scale restructuring and growth programs in biscuit and chocolate industries building and rationalizing several dozen manufacturing plants around the world as well as leading omni-channel market entry programs. Latest, Dr. Karakas was the founding CEO of Pladis.

Ahmet Ashaboglu is currently a board member of Mavi, Yapi Kredi Bank, Koç Financial Services, Koç Finansman and Sirena Marine.