Saltlux Corrects Proxy Solicitation: AGM Schedule Changes and Articles Amendment

Electronic proxy grant period and electronic voting period extended from May 20-29 to May 22-31, 2026.
Articles amendment: Multiple clauses revised to reflect revised Commercial Act and standard articles (number of directors, proxy voting, meeting venue, etc.).
Articles amendment: Stock option vesting period shortened from 30 months to 2 years, exercise period shortened from 10 years to 7 years.
Articles amendment: New director liability cap (6x annual compensation for inside directors, 3x for independent directors) and mandatory independent director appointment.
Articles amendment: New provisions on holding and disposal of treasury shares (requiring shareholder approval).
Director compensation limit approval: Total KRW 800 million (inside directors Lee Kyung-il and Kim Jin-woo each KRW 200 million, Kim Hang-seop and Jeong Jin-seok each KRW 150 million, outside director Lee Kang-yoon KRW 100 million).
Executive compensation regulation change: New compensation caps of KRW 2 billion for management/outside directors and KRW 100 million for auditor; increases require shareholder approval.
Others: Revised cross-reference clauses, auditor-related provisions alignment, and change in board chair election method.