Business Diversification through Articles Amendment and Separation of Chairman

SOCAR convenes an annual general meeting on June 4, 2026, and solicits proxy voting.
Agenda Item 1: Partial amendment of articles of incorporation – adds 12 new business purposes including new car sales, passenger transport, trade, insurance agency, and credit business to diversify operations.
Agenda Item 2: Change to separate the chairman of the board from the CEO, electing the chairman from among directors to enhance board independence and efficiency.
The general meeting will be held on June 4, 2026, at 9:00 AM at D Tower, 5th floor, Seongdong-gu, Seoul; proxy submissions accepted from May 22 to June 4, 2026.

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