Amendment to Articles: Business Diversification and Board Chairman Election Reform
- An agenda to partially amend the articles of incorporation was proposed at the 1st Extraordinary General Meeting of Shareholders (June 4, 2026)
- 12 new business purposes were added, including new car sales, passenger transport, trade, insurance agency, and credit finance
- The method of electing the board chairman was changed from the CEO to a board resolution to enhance independence
- Electronic voting and electronic proxy are not adopted; shareholders may vote in person or by written proxy
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KOSPI Filing Information
- Filing: Notice of Convocation of Shareholders' Meeting
- Company: SOCAR (403550)
- Submission: SOCAR, Inc.
- Receipt: 05-19-2026