KT&G (President Baek Bok-in) announced that all agenda items proposed by the board of directors were passed at the 36th regular general meeting of shareholders held on the 28th at the Talent Development Center in Daejeon.

At this Meeting of shareholders, upon approval of the 36th financial statements, the profit distribution statement and profit appropriation statement, some amendments to the articles of association, cancellation of treasury shares, acquisition of treasury shares, the decision to increase the number of external directors, the appointment of outside directors, the appointment of audit committee members, and approval of the remuneration limit for directors, were approved by the shareholders.

A proposal by the Board of Directors for a cash dividend of KRW 5,000 per share was approved, while proposals by some shareholders for KRW 7,867 and KRW 10,000 per share were rejected.

Some shareholders proposed partial changes to the articles of association, but the revision and establishment of regulations related to the Evaluation Compensation Committee and the inclusion of authority to determine when treasury stocks should be retired were all rejected. However, a new quarterly dividend was approved, which the board of directors had also agreed to.

Due to the rejection of the related article of incorporation amendment, both the proposal to cancel treasury shares and the proposal to acquire treasury shares were automatically abandoned.

Regarding the proposal to increase the number of external directors, the Board of Directors' proposal to retain the current six directors was approved. In contrast, the proposal by some shareholders to increase the number to eight was rejected.

A vote was conducted in accordance with the laws and articles of association regarding the appointment of external directors, and the BOD's nominees, Kim Myung-chul, former CFO of Shinhan Financial Holdings, and Ko Yoon-sung, a Hankuk University of Foreign Studies business professor, were both reelected, with the two independent directors also being appointed to the Audit Committee.

KT&G announced its commitment to enhancing corporate value after the shareholders' meeting to maximize the value of various stakeholders, including shareholders who share the corporate performance, members who form the basis and competitive members of the business, customers who purchase products, and partners who share the growth process.

KT&G's President, Baek Bok-in, has expressed his profound respect for the astuteness and acumen of the company's shareholders, who have consistently supported and placed their trust in the organization's long-term strategy of enhancing shareholder value through future growth investments. He also noted that the company's management and board of directors remain dedicated to advancing effective communication with a diverse range of shareholders, including customers, executives, and partners, in order to maximize shareholder and corporate value. In addition, Baek Bok-in affirmed the company's determination to become a top-tier international company through prudent and far-sighted growth investments, innovative technological development, and an aggressive expansion strategy abroad.

(Photo description1) On the 28th of March, KT&G conducted its 36th regular  general meeting at the Talent Development Center in Daejeon Metropolitan City. All of the agenda items proposed by the board of directors were approved. The photo accompanying this text depicts the meeting of general shareholders in progress.

(Photo description2) On the 28th of March, KT&G conducted its 36th regular general meeting at the Talent Development Center in Daejeon Metropolitan City. All of the agenda items proposed by the board of directors were approved. As shown in the photo, the inspection took place during the general meeting of shareholders.