AGM Agenda Includes Amendment of Articles and Re-approval of Director Compensation Limit of 800 Million Won

Annual general meeting (AGM) to be held on April 28, 2026; proxy solicitation period from April 22 to April 28, 2026.
Agenda includes: (1) amendment of articles of incorporation to reflect revised Commercial Act (self-share disposition, electronic shareholder register, remote attendance, director fiduciary duty to shareholders, etc.), (2) adoption of director remuneration management regulations (two versions conditional on approval of item 1), (3) approval of compensation limit of 800 million won for inside director Kim Jong-chul (re-proposed after rejection at previous AGM).
Key article amendments: new provisions for holding and disposing of treasury shares, electronic shareholder register, electronic general meetings, explicit duty of directors to shareholders, revised director compensation determination process.
Director remuneration management regulations: performance-based compensation, bonus cap (within 10% of operating profit or 5% of sales), emergency reduction or deferral clause.
Proposal 4: approval of compensation limit of 800 million won for a single inside director (Kim Jong-chul); this item was rejected at the previous AGM and is being re-proposed.

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