KORCHIP's EGM Approves Articles Amendment and Treasury Stock Disposal Plan: 10,000 Shares to ESOP, 90,000 for RSUs

The EGM passed the amendment to the articles of incorporation with 99.9% approval. This is a routine measure reflecting changes in the Commercial Act regarding treasury stock holding and disposal.
The treasury stock disposal plan was amended and passed: the contribution to the ESOP was reduced from 100,000 shares to 10,000 shares, and the remaining 90,000 shares will be used for Restricted Stock Units (RSUs).
The introduction of RSUs is an incentive policy to encourage long-term retention of employees and enhance corporate value. Since treasury shares are used, there is no dilution effect from new share issuance.
Shareholder meeting attendance was 68.8%, indicating high interest after the rights offering, and the resolutions passed smoothly.
[AI Comprehensive Analysis]This EGM's agenda items—articles amendment and treasury stock disposal—are routine procedures to improve management efficiency. The short-term stock price impact is limited, and while the RSU adoption may provide long-term motivation, it is not a significant positive catalyst.