Seoho Electric Proposes Articles Amendments on Treasury Shares, Director Compensation Cap at EGM

Seoho Electric convenes an EGM on May 28, 2026, with three articles amendments: basis for holding/disposal of treasury shares, electronic proxy voting, and director compensation cap of KRW 8 billion.
New treasury share article allows for equitable distribution to shareholders, employee compensation, ESOP, legal compliance, and management purposes, enhancing potential for future share buybacks or cancellations.
Director compensation changed from 'determined by shareholder vote' to an annual cap of KRW 8 billion, setting a concrete ceiling.
Proxy voting now permits electronic submission of proxies (effective Jan 1, 2027), improving shareholder convenience.
Outside directors received total compensation of KRW 92,000 (approved limit: KRW 6,000,000), a minimal amount.