Youlchon Chemical Outside Director Passes Away, Board Composition Temporarily Non-Compliant, Successor to be Appointed at Next General Meeting

Outside director Park Jae-heung passed away on June 26, 2026, resulting in his automatic resignation.
After the resignation, total registered directors decreased from 5 to 4, and outside directors from 3 to 2, temporarily failing to meet the statutory requirements for outside director count and audit committee composition.
The company plans to appoint a new outside director and audit committee member at the 54th general shareholders' meeting, with no impact on capital structure or shareholder value.
[AI Summary]The temporary non-compliance due to the death of an outside director will be resolved at the next general meeting, and the event is neutral with no direct effect on capital or financial performance.