Korea Zinc approved an agenda to amend its articles of incorporation to expand separately elected audit committee members at an extraordinary shareholders' meeting held on the 9th.
Korea Zinc held its 53rd extraordinary shareholders' meeting on the morning of the same day at the Mondrian Hotel in Yongsan-gu, Seoul, and passed Agenda No. 1, "Amendment of the articles of incorporation to expand separately elected audit committee members."
Of the 18,649,702 shares present at the extraordinary shareholders' meeting that day, 18,648,988 voted in favor. This was tallied as 100% of the shares present and 91.48% of the total number of issued shares with voting rights. It was passed as two-thirds of the voting rights present and one-third of the total issued shares with voting rights voted in favor.
Large listed companies with total asset aggregates of 2 trillion won or more must, due to an amendment to the Commercial Act, increase the number of audit committee members elected separately from other directors from one to at least two starting on the 10th of this month. At the regular shareholders' meeting in March, an articles amendment with the same intent was voted down by the Young Poong and MBK Partners side.