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Article 38-2 (Quarterly Dividends) [New]
① The Company may, by resolution of the Board of Directors, declare quarterly dividends to shareholders as of the last day of March, June, and September (hereinafter referred to as the “Quarterly Dividend Record Date”).
② The resolution of the Board under Paragraph 1 must be made within forty-five (45) days after the Quarterly Dividend Record Date.
③ Quarterly dividends shall not exceed the net asset value recorded in the balance sheet of the preceding fiscal year after deducting the following:
1. The amount of paid-in capital for the preceding fiscal year
2. The total amount of capital reserves and earned reserves accumulated until the preceding fiscal year
3. The amount of dividends resolved at the regular general meeting of shareholders for the preceding fiscal year
4. Discretionary reserves accumulated until the preceding fiscal year under the articles of incorporation or resolution of the general meeting of shareholders
5. Unrealized profits as prescribed in Article 19 of the Enforcement Decree of the Commercial Act
6. The total amount of earned reserves to be accumulated for the relevant fiscal year due to the quarterly dividend.
④ Quarterly dividends shall be distributed equally to shares issued prior to the Quarterly Dividend Record Date.
⑤ The quarterly dividend rate for the classes of shares issued under Articles 9-2, 9-3, 9-4, and 9-5 shall be the same as that of common shares.
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align with the standard provisions of the articles of incorporation
To align with the standard provisions of the articles of incorporation by introducing clauses allowing for the establishment of committees within the Board of Directors.
establishment of an ESG Committee
Additionally, this amendment introduces the establishment of an ESG Committee to support the Company's adoption of ESG (Environmental, Social, Governance) management practices.
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