Daol Investment & Securities, Common Stock Dividend and CEO Hwang Jun-ho Recommendation

Daol Investment & Securities held a board meeting on the 3rd and decided to put the cash dividend and the appointment of Hwang Jun-ho, President of Daol Savings Bank, as an inside director on the agenda of the shareholders' meeting.

Although Daol Investment & Securities experienced a decrease in profits last year due to increased market volatility, it decided to pay a common stock dividend as part of its continuous shareholder return policy. However, in accordance with the management's commitment to responsible management regarding the company's business situation, the largest shareholders and related parties will be excluded from the dividend.

The common stock dividend will be paid in cash at 150 KRW per share. The dividend yield is 5.1%, and the total dividend amount is 6.5 billion KRW. The dividend payout ratio based on common stock increased from 10.0% last year to 18.9%. Despite the poor performance compared to the previous year, the dividend size was maintained to enhance shareholder value.

Prior to the board meeting, the executive nomination committee recommended Hwang Jun-ho, President of Daol Savings Bank, as a candidate for the new CEO. Hwang Jun-ho graduated from Seoul National University with a degree in Business Administration, earned a master's degree in Business Administration from Seoul National University Graduate School, and holds an MBA from the Wharton School. He has served as Vice President of Daewoo Securities and Head of Group Strategy Division at Daol Investment & Securities, and is currently the President of Daol Savings Bank. With 36 years of experience, Hwang Jun-ho is regarded as a leading strategist in the industry.

Matters related to dividends and the appointment of inside directors will be finalized at the regular shareholders' meeting to be held on the 24th.