Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 199

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 16G
Chunk 199
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ITEM 16G. CORPORATE GOVERNANCE

Our Ordinary Shares are listed on the NYSE American.
We believe the following to be the significant differences between our corporate governance practices and those applicable to U. S. companies
under the NYSE American listing standards. In general, under the NYSE American, foreign private issuers, as defined under the Exchange
Act, are permitted to follow home country corporate governance practices instead of the corporate governance practices of the NYSE American.
Accordingly, we follow certain corporate governance practices of our home country, the Cayman Islands, in lieu of certain of the corporate
governance requirements of the NYSE American.

We are a “foreign private issuer”
(as such term is defined in Rule 3b - 4 under the Exchange Act), and our Ordinary Shares are listed on the NYSE American. Under the
NYSE American rules, NYSE American listed companies that are foreign private issuers are permitted to follow home country practice in
lieu of the corporate governance provisions specified by the NYSE American with limited exceptions.

Under the NYSE American rules, U. S. domestic listed,
non-controlled companies are required to have a majority independent board, which is not required under the Companies Act (2025 Revision)
of the Cayman Islands, our home country. In addition, the NYSE American rules require U. S. domestic listed, non-controlled companies to
have a compensation committee and a nominating and corporate governance committee, each composed entirely of independent directors, which
are not required under our home country laws.

We currently follow and intend to continue to
follow the foregoing governance practices and not avail ourselves of the exemptions afforded to foreign private issuers under the NYSE
American rules. We may in the future, however, decide to use other foreign private issuer exemptions with respect to some or all of the
other NYSE American listing requirements. Following our home country governance practices may provide less protection than is accorded
to investors under the NYSE American listing requirements applicable to domestic issuers.

The NYSE American rules also require shareholder
approval for certain matters, such as the opportunity to vote on equity compensation plans and material revisions to those plans, which
is required under certain circumstances under the Cayman Islands law. We intend to follow home country law in determining whether shareholder
approval is required.

ITEM 16H. MINE SAFETY DISCLOSURE.