Hi Investment & Securities Holds 32nd Annual General Meeting of Shareholders

[Asia Economy Reporter Park Ji-hwan] Hi Investment & Securities announced on the morning of the 26th that it held the 32nd regular general shareholders' meeting at the International Conference Room of the Bankers' Hall in Jung-gu, Seoul. At the shareholders' meeting, all three agenda items, including the report on the previous year's financial statements, △appointment of directors △appointment of outside directors as audit committee members △amendment of the articles of incorporation, were resolved as originally proposed.

The main contents of the financial statements included a consolidated net profit of 84.9 billion KRW and a cash dividend of 73 KRW per share, which was decided through a board resolution in February. The total dividend amount was 29.3 billion KRW.

For the appointment of directors, the agenda for the new appointment of Kim Young-seok, current Group Chief Financial Officer of DGB Financial Group, as a non-executive director, and Choi Young-ho, former head of Samsung Group's China Strategy Cooperation Office, as an outside director, was passed. In addition, through the amendment of the articles of incorporation, a mid-term dividend clause was newly established as part of shareholder-friendly management.

Kim Kyung-kyu, CEO of Hi Investment & Securities, said, "Last year, the company celebrated the first anniversary of its incorporation into DGB Financial Group and its 30th anniversary since its founding, achieving the best management performance in its history and establishing itself as a core affiliate of DGB Financial Group. Although the current environment is more challenging than ever due to the economic downturn and financial market instability caused by the recent spread of COVID-19 infections, we will strengthen our business foundation through swift crisis management and response to advance as a top-tier securities firm."