Advanced Nano Products Approves 40% Cut in Executive Pay and Cancellation of 150,000 Treasury Shares at EGM, Boosting Shareholder Value

At the extraordinary general meeting, the proposal to approve the executive compensation limit was passed with 99.9% approval of votes cast, but only 25.9% of total outstanding shares participated, indicating decision-making by a minority.
The treasury share holding and disposal plan was also approved with 93.1% approval, confirming the previously announced cancellation of 150,000 shares (about 1.22% of total outstanding), which is expected to increase per-share value.
The executive compensation limit was reduced by 40% from 5 billion KRW to 3 billion KRW, resulting in cost savings of approximately 2 billion KRW, which is likely to improve operating profit.
After the share cancellation, total outstanding shares will decrease to 12,103,691, with treasury share ratio becoming 0%, providing room for additional shareholder return policies.
[AI Summary]The simultaneous approval of executive pay cuts and treasury share cancellation strengthens financial health and shareholder returns, but low shareholder turnout (25.9%~38.1%) suggests lack of interest among minority shareholders, necessitating proactive IR efforts.