SALTLUX Extraordinary General Meeting Passes All 11 Agenda Items Including Articles Amendment and Director Remuneration Limit of 800M KRW – Treasury Stock Holding/Disposal Allowed, Enhancing Shareholder Return Flexibility

At the extraordinary general meeting of SALTLUX held on June 1, 2026, all 11 agenda items (5 on director remuneration limits, 3 on articles amendment, 1 on executive compensation rules, etc.) were approved as originally proposed.
The director remuneration limit was raised from the actual payment of 643M KRW to 800M KRW, allocated as follows: inside directors (4 persons) 200M, 150M, 150M, 150M KRW each; outside director (1 person) 100M KRW.
The articles amendment allows holding and disposal of treasury shares (previously only cancellation possible), enhancing flexibility for future share buybacks and cancellations as part of shareholder return policies.
Other article changes include reflecting the revised Commercial Act (mandating independent directors at least 1/3, new clause on director liability relief), permitting electronic general meetings, and allowing electronic documents for proxy voting.
The amendment to executive compensation rules sets the total limit at 2B KRW and the auditor's limit at 100M KRW.
[AI Summary]The passage of all agenda items with high approval rates secures momentum for governance improvement and shareholder return policies for SALTLUX. The allowance for treasury stock holding/disposal is particularly positive as it opens the possibility of future buybacks to support the stock price, while the legal risk minimization from the article amendments contributes to enterprise value stability.