Dong-A Socio Holdings Holds Regular Shareholders’ Meeting..."Turning R&D Capabilities into Corporate Value"

Cash Dividend of 1,000 Won and Stock Dividend of 0.03 Shares per Share
Kim Minyoung: "Refining Investment Priorities"

Dong-A Socio Holdings announced that it held the 78th Regular General Meeting of Shareholders on the 26th at its headquarters, Building N, in Dongdaemun-gu, Seoul.

At the shareholders' meeting, all five agenda items were approved as originally proposed: approval of the financial statements, partial amendment of the articles of incorporation, appointment of directors, appointment of outside directors, and approval of the limit on directors' compensation.

Minyoung Kim, CEO of Dong-A Socio Holdings, is speaking at the 78th Annual General Meeting of Shareholders held on the 26th at the main office building N in Dongdaemun-gu, Seoul. Dong-A Socio Holdings

Lee Daewoo, Head of Business Planning at Dong-A Socio Holdings (Executive Director), was newly appointed as an inside director, and Jin Youngwon, Professor at the College of Pharmacy at Seoul National University, was appointed as an outside director. In addition, Jung Youngjin, a partner attorney at Hyun Law Firm, was appointed as an outside director serving as an audit committee member. The articles of incorporation were partially revised to reflect amendments to the Commercial Act, including changing the title of outside directors to independent directors.

A cash dividend of 1,000 won per share and a stock dividend of 0.03 shares per share were also approved. This dividend is non-taxable and not subject to dividend income tax. At last year’s general shareholders' meeting, Dong-A Socio Holdings passed an agenda to enhance shareholder value by reducing the capital reserve and transferring it to retained earnings, thereby establishing the basis for non-taxable dividends.

Kim Minyoung, CEO of Dong-A Socio Holdings, stated, "We will make research and development (R&D) the core growth axis of the group and ensure that the R&D capabilities we have accumulated over time lead to future growth and tangible corporate value." He also said, "We will further refine our investment priorities and focus on enhancing long-term corporate value by achieving a balanced allocation of capital between a stable business foundation and future growth investments."

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