"Please PICK Korea Zinc for the Future"... Youngpoong Unveils Shareholder Slogan Initiative

Shareholder Returns, Governance Reform, and Shareholder Participation Proposed
"We Will Ensure Recognition of Value in the Stock Market"

Youngpoong and MBK Partners have presented initiatives to enhance shareholder value of Korea Zinc ahead of the company's extraordinary general meeting scheduled for the 23rd.

On the 17th, Youngpoong stated, "If the current corporate governance of Korea Zinc is left unattended, it will face more severe damage to corporate and shareholder value," and announced that the shareholder value enhancement initiative for Korea Zinc at the extraordinary general meeting has been designated as 'PICK.'

Specifically, the goal is to increase the value of Korea Zinc through Stakeholder Profit, Governance Improvement, and Stakeholder Communication.

First, as measures for Stakeholder Profit (P), they plan to resolve factors undervaluing shareholder value through ▲stock par value split ▲complete cancellation of treasury shares held ▲regular disclosure of dividend policy. They intend to cancel all treasury shares that have not yet been canceled, increase trading liquidity through par value split, and implement predictable and transparent quarterly dividends to realize substantial shareholder returns.

For Governance Improvement (I), they aim to strengthen the board's supervisory functions and establish ESG and gender equality management principles through ▲specifying and enhancing the authority of the Internal Transactions Committee meetings ▲establishing an Investment Review Committee ▲establishing an ESG and Gender Equality Committee. The intention is to prevent unverified investments and establish a transparent and rational decision-making structure.

As for Stakeholder Communication (C), the plan includes ▲recommendation of outside director candidates separately elected by minority shareholders ▲introduction of an outside director system to protect shareholder rights and interests, to activate management monitoring and increase shareholder communication and participation. Instead of a cumulative voting system, they plan to introduce a system that can effectively increase minority shareholders' participation in management.

Youngpoong and MBK stated, "Through these initiatives, we hope to build a board of directors that expands independent and professional outside directors and strengthens shareholder representation," adding, "We will actively support correcting the damaged corporate governance so that Korea Zinc can be recognized in the stock market for its value befitting its position as the global No.1 smelting operator."

This content was produced with the assistance of AI translation services.