Bond Issuance Limit Raised to 100 Billion Won, Director Pay Cap Set at 1.6 Billion Won

Extraordinary general meeting convened on June 16, 2026: agenda includes appointment of inside director, amendment of articles (business scope expansion, bond issuance limit increase), approval of director compensation limit (KRW 1.6 billion, down KRW 200 million from previous)
Appointment of inside director candidate Je Gal Chang-seong (current Executive Vice President, Production Technology). No relationship with major shareholder, no disqualifications.
Amendment to Article 2 (Business Purpose): adding 13 items including vehicle lighting, software, consulting, etc. Aimed at business restructuring and entry into new businesses.
Significant increase in bond issuance limits: Convertible bonds from KRW 50 billion to 100 billion, Bonds with warrants from KRW 20 billion to 100 billion, Exchangeable bonds from KRW 10 billion to 30 billion, Profit-participating bonds from KRW 10 billion to 20 billion.
Director compensation limit reduced from KRW 1.8 billion to KRW 1.6 billion (decrease of KRW 200 million).
Outside director Park Seung-han had attendance rate of 75% (absent for two meetings on internal accounting control system in February). Outside director Jeong Yeong-cheol had 100% attendance.
Board passed resolution to change schedule for capital reduction of subsidiary (Vietnam).