Articles Amendment and Audit Committee Member Appointment Approved, Governance Enhancement Completed

Hyosung Heavy Industries held an extraordinary general meeting on June 2, 2026, and approved both agenda items as originally proposed: amendment of articles (changing 'outside director' to 'independent director' and increasing separately elected audit committee members from 1 to 2 or more) and appointment of Park Jong-bae as outside director and audit committee member
Agenda 1 (articles amendment) passed with 99.9% approval from 84.5% of total voting shares; Agenda 2 (Park appointment) received 90.6% approval from 65.7% participation, with the 3% rule applied
New director Park Jong-bae (born 1963), professor at Konkuk University's Electrical Engineering department, is deemed independent and qualified, with a 2-year term
The articles amendment proactively reflects the revised Commercial Act effective July 23, 2026, expected to enhance governance transparency
[AI Summary]This disclosure is a neutral governance improvement with no direct financial impact on shareholder value, as all agenda items passed with high approval rates, confirming management stability