Lee In-gi, CEO of Maeil Dairies, said on the 27th that the company will expand its lineup around high value-added products with strong profitability this year and step up its push into global markets to deliver results.
In greeting remarks at the 9th regular general shareholders meeting held at Somerset Palace Seoul Hotel in Jongno-gu, Seoul, on the day, Lee said, "In white milk, where a nationwide raw milk surplus persists, we will rigorously manage profitability to build a business structure that can continue to grow," and stated accordingly.
Lee added, "Through the merger with Maeil Health Nutrition scheduled for May, we also plan to strengthen the global growth strategy of the nutrition business, from infant formula to adult nutrition and medical foods."
Meanwhile, the shareholders meeting approved all agenda items as originally proposed, including: ▲ approval of financial statements (including a cash dividend of 1,300 won per share) ▲ partial amendments to the articles of incorporation ▲ establishment of provisions related to the holding and disposal of treasury shares ▲ refinement of the articles of incorporation to reflect amendments to the Commercial Act ▲ appointment of outside director Kim Jin-o as an audit committee member ▲ appointment of outside director (including audit committee member) Park Seon-hee ▲ approval of the limit on directors' remuneration ▲ approval of the plan to hold and dispose of treasury shares.