Shareholder Meeting with Capital Reduction, Court Injunction, and Director Elections

Shareholders' meeting date changed from May 12 to May 22, 2026; regular general meeting.
Agenda: Amendments to articles (1-1: shareholder proposal per court order, 1-2: standard provisions), capital reduction (item 2: to cover deficits), approval of compensation limits (items 3-6), election of directors and auditors (items 7-8).
Court injunction (Cheongju District Court Chungju Branch 2026Kahap513) forces inclusion of 4 shareholder proposals: articles amendment, election of inside director Choi Soo-il, outside director Kim Dong-hyun, and auditor Kim Shin-myung.
Capital reduction (item 2): to cover accumulated deficits; rescheduled due to change in reduction timeline.
Director candidates: inside directors Kim Joon-ho (former EVP), Park Jin-sook (ex-Hana Bank), Choi Soo-il (ex-SBS PD); outside directors Hwang Shin-yong (advisor at Kim & Chang), Kim Dong-hyun (company shareholder).
Auditor candidates: Hyun Ki-yong (lawyer, non-executive), Kim Shin-myung (former securities IB director, non-executive).

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