PaperCorea Extraordinary General Meeting Results All Director Election Proposals Passed

PaperCorea announced at its extraordinary general meeting held on June 30, 2026, that all proposals to appoint inside director Kim Hyung-tae, outside director Kim Hyun-jung, and non-executive director Lee Ho-young were approved as originally proposed.
Each agenda item passed with a 86.7% approval rate based on total outstanding shares with voting rights and a 100% approval rate based on shares voted, confirming strong shareholder support.
Inside director Kim Hyung-tae has experience at Woori Bank and Equalkey, with a term ending June 30, 2027; non-executive director Lee Ho-young is a former Samil PwC accountant, term ending June 30, 2029; outside director Kim Hyun-jung worked at LG Electronics and GS Home Shopping, term ending June 30, 2028.
[AI Summary]This EGM formalized a board reshuffle but no capital changes or dividend policy shifts, leaving direct shareholder value impact neutral. The new directors bring financial and retail expertise, but no immediate price catalyst is expected, warranting a neutral investment stance.