Hyundai Mobis outside director Kang Jin-ah passes away, board outside director ratio drops to 50% requiring new appointment at shareholder meeting

Outside director Kang Jin-ah passed away on July 10, 2026, resulting in her automatic resignation.
The total number of registered directors decreased from 9 to 8, outside directors from 5 to 4, and the outside director ratio dropped from 55.6% to 50.0%.
As a large corporation, Hyundai Mobis now fails to meet the statutory outside director majority requirement under Article 542-8(1) of the Commercial Act, and plans to appoint a new outside director at the first shareholders' meeting.
[AI Summary]This event is an unavoidable board change due to an outside director's death, with no impact on capital or financials. The temporary non-compliance with board composition rules will be promptly remedied, limiting any stock price effect.