Millie's Library "Preparing for New Business Expansion Investment... Quarterly Performance Announcements"

Quarterly Earnings Announcements
Executives to Directly Address Major Issues
Shareholder Proposal for "Electronic Voting" Accepted
"Preparing Investments for New Business Expansion"

Reading platform Millie's Library announced on the 13th that it will strengthen its IR (Investor Relations) system by increasing communication opportunities such as quarterly earnings announcements and corporate briefings.

According to Millie's Library, with the aim of expanding communication channels with investors, it will announce quarterly earnings under the supervision of the Chief Financial Officer (CFO) and revamp earnings review materials to regularly convey business status to all investors. When there are significant business issues, key executives (C-Level) will provide direct explanations. These changes will begin from the second quarter.

Millie's Library plans to prioritize investing resources to secure continuous growth momentum. The shareholder proposal side, which previously requested a shareholder return policy based on net income, also agreed with this direction and decided to withdraw their previous demands, Millie's Library stated. However, the electronic voting proposed by the shareholder proposal side will be introduced starting from next year's general shareholders' meeting after approval by the board of directors this time.

Park Hyunjin, CEO of Millie's Library, said, “Millie's Library is preparing investments for new business expansion, and we expect to sequentially provide specific details during the first half of the year,” adding, “The shareholder return policy will be actively reviewed at an appropriate time considering the future corporate growth cycle, business expansion plans, and market conditions.”

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