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Hepsiburada announced that on November 3, 2022 it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the bid price for the company's American depositary shares, each representing one Class B ordinary share of the company, had closed below the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. Based on the closing bid price of the company's ADSs for the last 30 consecutive business days, the company has failed to meet the Minimum Bid Requirement for continued listing on the Nasdaq Global Select Market set forth in Listing Rule 5450(a)(1) during that period. The Notice is only a notification that the company is not in compliance with the Minimum Bid Requirement, it is not a notice of imminent delisting, and it has no immediate effect on the listing or trading of the company's ADSs on the Nasdaq Global Select Market. Pursuant to Listing Rule 5810(c)(3)(A), the company has 180 calendar days from the date of the Notice, or May 2, 2023, to regain compliance with the Minimum Bid Requirement, during which time the ADSs will continue to trade on the Nasdaq Global Select Market. The company may regain compliance with the Minimum Bid Requirement if at any time before May 2, 2023, the bid price of the ADSs closes at or above $1.00 per ADS for a minimum of 10 consecutive business days.

Hepsiburada announced that on August 17, 2022 it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the company has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5450(a)(1). For the prior 10 consecutive business days, the closing bid price of the company's American depositary shares, each representing one Class B ordinary share of the company, had been at $1.00 per ADS or greater. Nasdaq indicated within the letter that this matter is now closed.

Hepsiburada "announces that on July 22, 2022 it received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC indicating that the bid price for the Company's American depositary shares, each representing one Class B ordinary share of the Company, had closed below the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. Based on the closing bid price of the Company's ADSs for the last 30 consecutive business days, the Company has failed to meet the Minimum Bid Requirement for continued listing on the Nasdaq Global Select Market set forth in Listing Rule 5450(a)(1) during that period. The Notice is only a notification that the Company is not in compliance with the Minimum Bid Requirement, it is not a notice of imminent delisting, and it has no immediate effect on the listing or trading of the Company's ADSs on the Nasdaq Global Select Market."

Hepsiburada announced the appointment of Nilhan Onal as CEO of the company, effective January 1, 2023. Murat Emirdag has decided to step down from his CEO duties for personal reasons. He will continue to lead the company and ensure a transition to the new CEO until January 1, 2023. As of January 1, 2023, Emirdag will be a non-executive director of the company's board of directors. Nilhan Onal joins Hepsiburada from Amazon Europe (AMZN), where she spent the last seven years focused on business transformation and growth. In her last role, she also oversaw strategy, operations and technology for Amazon's European Fashion business, driving strong results.