Cocoon Approves Key Agendas for Dividend Expansion and New Business Initiatives

Cash Dividend of 300 Won Per Share Finalized

Dividend Increased for Third Consecutive Year

Articles of Incorporation Revised to Strengthen Shareholder Rights and Management Accountability

Kim Jonghyun Elected as Fintech Association Chairman

"Industry Growth and Corporate Value on the Rise"

Business data platform company Cocoon announced on March 26 that it held its 20th Regular Shareholders' Meeting on March 23, during which all major agenda items aimed at enhancing shareholder value and securing a foundation for future growth were approved as originally proposed.

Kim Jonghyun, CEO of Cocoon (center), is presiding over the 20th Annual General Meeting of Shareholders. Cocoon

At this shareholders' meeting, a total of seven agenda items were presented, including: approval of the 2025 financial statements and statement of appropriation of retained earnings; amendments to the articles of incorporation; appointment of directors and audit committee members; approval of the limit on directors' compensation; and the granting of stock options. All agenda items were passed as originally proposed.

In particular, Cocoon expanded its business purpose to secure future growth drivers.

Cocoon newly added the following to its articles of incorporation as new businesses: issuance and management of debit-type electronic payment instruments; personal information management and analysis; and medical information management and analysis. This marks the company's full-scale entry into data-driven new business sectors.

In addition, by reflecting amendments to the Commercial Act, Cocoon revised its regulations related to proxy voting and restructured the provisions on the number and responsibilities of directors, thereby strengthening shareholder protection and further advancing its management accountability system.

The company is also continuing its shareholder return policy. Cocoon confirmed a cash dividend of 300 won per share, maintaining its stance of increasing dividends for three consecutive years. After raising dividends to 100 won in 2023 and 150 won in 2024, the company has continued to gradually increase the payout. The total dividend amount is approximately 3 billion won, and the payment is scheduled to be made within one month of the shareholders' meeting resolution date.

Going forward, Cocoon plans to maintain its policy of expanding dividends in line with operating profit growth, while also securing distributable profits by reducing capital reserves and pursuing improvements in its financial structure to ensure stable shareholder returns.

Furthermore, Cocoon maintains a principle of appointing independent professionals and executives, considering the high regulatory sensitivity of the fintech and data industries. The company is working to strengthen its internal control system through the Transparent Management Committee and Compliance Monitoring Committee, and is enhancing management transparency through external audits, thereby striving to establish a sustainable governance structure.

Kim Jonghyun, CEO of Cocoon, said, "This year will be a significant turning point as we simultaneously pursue the maximization of shareholder value and global growth," adding, "We will continue to strengthen our efforts to enhance corporate value, reinforce our shareholder return policy, and further expand communication with the market."

Kim also shared his thoughts on recently being elected as the sixth chairman of the Korea Fintech Industry Association.

He said, "As I have recently been elected chairman of the Fintech Association, I will do my utmost to further enhance Cocoon's corporate value alongside the industry's growth," adding, "I will continue to position the company as a trusted enterprise based on transparent management."

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