Proposed Amendment to Increase Independent Director Ratio to 1/3 and Approval of Director Compensation Cap of KRW 1.1 Billion

Coreana Cosmetics convenes 2026 AGM; proposes to rename 'outside director' to 'independent director' and increase the minimum independent director ratio from 1/4 to 1/3 of total directors (effective July 23, 2026)
Agenda includes approval of director compensation cap: KRW 1.1 billion for the current period (prior year actual: KRW 790 million)
Regarding voting rights: 300,000 shares held by Coreana Bio are non-voting per Article 369 of the Commercial Act
Current board consists of 3 directors (1 outside director); the articles allow 3 to 8 directors

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