K Car Calls Extraordinary General Meeting to Amend Articles for CEO System and Elect New Directors

K Car has called an extraordinary general meeting for July 7 2026 to amend its articles of incorporation, transitioning from a co-CEO system to a single representative director system, and to elect new inside directors, non-executive directors, and outside directors.
The candidate for new inside director is current chief executive officer Jung In-kook, while non-executive director candidates include Kwon Kyo-won head of KGM business division and Lee Jun-ho vice president of Cactus Private Equity, and outside director candidate is former Gyeonggi governor Nam Kyung-pil.
Audit committee members including Ahn Si-hyung professor at Soongsil University and Han Hyo-seok deputy head of PKF Seohyun Accounting Corp along with financial and accounting experts are expected to be appointed, contributing to enhanced management transparency and internal control.
The company has no plans for dividends or treasury stock acquisition and cancellation, and a contingent liability exists from the Kaneka patent infringement lawsuit with no additional damages determined yet.
[AI Summary]K Car seeks to strengthen governance stability by transitioning to a single CEO structure and appointing a diverse board through this EGM. Since no capital changes or share issuances are involved, existing shareholder dilution risk is absent but ongoing patent litigation remains a monitoring point.