K-Sign Establishes Grounds for Treasury Share Cancellation/Disposal via Articles Amendment, Maintains Director Compensation Limit of KRW 4 Billion
Amendment to Articles grants board authority to cancel treasury shares and establishes grounds for holding/disposal of treasury shares subject to shareholder approval (reflecting revised Commercial Act). This is seen as opening the door for future share buybacks and cancellations for shareholder returns.
Total director compensation limit maintained at KRW 4 billion (effective until changed).
Proxy solicitation services entrusted to Didim Partners.