Jeju Semiconductor Calls Extraordinary General Meeting with Articles Amendment, Performance-based Director Pay, and 30% Treasury Share Cancellation

Jeju Semiconductor has called an extraordinary general meeting for July 15 2026, with agendas including amendment of articles, approval of director compensation limits, and approval of treasury stock retention and disposal plan.
The articles amendment reflects the revised Commercial Act, diversifying stock types, increasing the convertible bond issuance limit to 300 billion KRW and bonds with warrants limit to 200 billion KRW.
Director compensation is split into fixed and performance-based, with the performance bonus differentiated up to 2x based on growth rate evaluation grades.
Of the 759,729 treasury shares, 30% will be cancelled, 20% used for employee incentives, and 50% sold to fund R&D, aiming to enhance shareholder value.
Separate revenue in Q1 2026 reached approximately 178.7 billion KRW, up 274% year-over-year, driven by IoT and automotive memory markets.
[AI Summary]Jeju Semiconductor enhances financing flexibility through articles amendment and partially boosts shareholder value via share cancellation, but the disposal plan carries potential dilution risk. The introduction of performance-based pay is expected to improve management efficiency.