KCCS EGM Agenda: 32.23% Capital Reduction, Director Pay Cap of 1 Won

32.23% capital reduction: 21,000,000 common shares cancelled (record date June 22), capital from 32,576,019,500 won to 22,076,019,500 won
Articles amended: new directors' term set at 6 months, compensation capped at 1 won (reflecting shareholder proposal/court order)
Articles amended: adoption of revised Commercial Act (independent director title/ratio, removal of supermajority clause, etc.)
Director election: re-election of inside directors Kim Jun-ho, Park Jin-sook and outside director Hwang Shin-yong (Choi Soo-il and Kim Dong-hyun resigned)
Auditor election: Hyun Ki-yong (attorney) elected; Kim Shin-myung (shareholder nominee) resigned
Ratification of 2024 director and auditor compensation limits re-proposed due to ongoing injunction against prior AGM
Injunction petitions (2026Kahap538, 539) pending against prior AGM; some proposals resubmitted

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