IGIS RESIDENCE REIT Extraordinary General Meeting Passes Articles Amendment and Asset Custody Changes, Prepares for New Property Acquisition

IGIS RESIDENCE REIT held an extraordinary general meeting on June 15, 2026, and approved all agenda items including amendments to Articles 46 and 26 of the articles of incorporation, changes to the existing asset custody agreement, and a new asset custody agreement.
The amendment to Article 46 allows the company to borrow from various financial institutions by board resolution alone, increasing financing flexibility. This is a preparatory step for the acquisition of a new property, Mangrove Jeju City.
Voting participation was low at around 36.7% to 39.2% of total outstanding shares, but all items passed with high approval rates exceeding 92%.
The new asset custody agreement with Suhyup Bank is valued at KRW 10 million annually and will be automatically void if the purchase agreement is not signed. The existing contract with NH Investment & Securities will have its scope reduced to securities and cash only.
[AI Summary]This disclosure involves operational charter amendments and contract adjustments to diversify borrowing sources and prepare for a new asset acquisition, with no direct shareholder dilution or capital changes. Despite low voter turnout, all proposals passed as originally proposed, reflecting expectations of improved management efficiency. However, the expanded borrowing capacity may lead to increased leverage, warranting mid- to long-term monitoring.