Hana Financial Group Announces 5 Candidates for Next Chairman Including Ham Young-joo, Lee Seung-yeol, and Kang Sung-mook (Comprehensive)

Two External Personnel Not Disclosed
One Final Candidate to Be Selected in January Next Year

Hana Financial Group announced on the 23rd that it has narrowed down the next chairman candidate pool (shortlist) to five people, including Ham Young-joo, chairman of Hana Financial Group, and Lee Seung-yeol, vice chairman of Hana Financial Group.

On the same day, Hana Financial held the Chairman Candidate Recommendation Committee (hereinafter referred to as the Committee) and selected the current chairman Ham Young-joo, Vice Chairman and Hana Bank CEO Lee Seung-yeol, Vice Chairman and Hana Securities President Kang Sung-mook, along with two external candidates as the final candidates for the next chairman of Hana Financial Group.

The list of external candidates was not disclosed.

The Committee initiated the succession process at least 90 days prior to the regular shareholders' meeting scheduled for March next year, in accordance with the "Best Practices for Governance of Bank Holding Companies and Banks (Governance Best Practices)," and conducted a thorough step-by-step evaluation and verification.

Subsequently, according to Hana Financial's "CEO Succession Plan and Candidate Recommendation Procedure," the Committee selected 12 candidates (6 internal and 6 external) at the meeting held in early December.

In mid-December, through deliberation and voting, the final candidate pool was narrowed down to a total of five candidates: three internal and two external.

The Committee added that it diversified the evaluation subjects and methods for the candidate pool by referring to multi-faceted evaluations, recommendations of external candidates through external advisory institutions, and in-depth reputation checks.

In particular, to ensure that the evaluation methods and timing were not disadvantageous to external candidates, the Committee held the first-ever financial sector meeting exclusively for external candidates today, providing them with an opportunity for face-to-face contact with Committee members before the final candidate announcement and in-depth interviews.

Chairman of the Committee, Lee Jung-won, stated, "Today's meeting for external candidates was intended to explain Hana Financial Group and offer assistance to external candidates who may not be familiar with the group. It is not a mandatory procedure for external candidates to attend the final interview," and added, "The two final external candidates will remain confidential until the final announcement at their own request as financial professional managers."

The Committee plans to hold presentations and in-depth interviews in January next year, allowing sufficient preparation time for both internal and external candidates. Based on 14 detailed evaluation criteria across four areas?entrepreneurship, vision and management strategy, and expertise?each candidate will give presentations and undergo in-depth interviews. The Committee members will then vote to select one final candidate based on their evaluations.

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