09women to change name to Nine & Company, proposes major board overhaul at EGM

Proposal to change company name from '09women Co., Ltd.' to 'Nine & Company Inc.'
Business purpose expanded to include platform development/operation, AI-based technology, IP licensing, investment, and 10 other items to diversify business
Issuance limits for convertible bonds (CB) and bonds with warrants (BW) increased tenfold from KRW 10 billion to KRW 100 billion each
Maximum number of directors raised from 5 to 10, with at least one-third outside directors
New annual director compensation cap of KRW 2 billion (excluding retirement pay and stock options)
Election of 14 directors: 4 inside, 5 outside, 5 non-executive (including various industry experts)
Election of auditor: Attorney Kim Tae-woo (Law Firm Ullim)
Amendment to executive retirement pay rules: allow conversion of performance bonuses into DC retirement pension contributions
Grant of 400,000 stock options (100,000 each) to four inside directors including CFO, exercisable after 2 years within 5 years
2025 sales KRW 44.6 billion (-8.8% YoY), operating profit KRW 7.5 billion (-15.8%); no share buyback/dividend mentioned

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