Telefield to Hold Extraordinary General Meeting on the 24th: "Company Name Change and Addition of Semiconductor New Business"

Telefield announced on the 5th that it will hold an extraordinary general meeting of shareholders at its headquarters located in Seongnam-si, Gyeonggi-do on the 24th to approve amendments to the articles of incorporation, including a company name change and the addition of new business purposes related to semiconductors.

Telefield will change its name to Hanul Material Science Co., Ltd. and add business purposes such as ▲manufacturing and sales of chemical materials related to semiconductors and electronics ▲manufacturing and import/export of machinery and parts related to semiconductors and electronics ▲manufacturing, blending, sales, import/export, and purchasing agency of chemical substances △investment and financing for new technology businesses.

Along with this, the company plans to appoint semiconductor material experts as new board members. Director candidate Ha Jun-ho graduated with a bachelor's degree in electrical engineering and a master's degree in telecommunications engineering from Yonsei University. He later earned a Ph.D. in computer engineering from USC (University of Southern California) and served as Vice President at Intel in the United States, making him a semiconductor expert. Candidate Cho Sung-min is an accountant at Induk Accounting Corporation, and candidate Lee Ji-min previously worked as an engineering team leader at the U.S. Air Force.

Outside director candidate Han Chang-wook is currently a review and evaluation committee member at the National IT Industry Promotion Agency. He graduated from the Department of Sociology at Korea University and is an alumnus of the 35th Judicial Research and Training Institute. Candidate Heo Jang-jin graduated from Korea University’s Business Administration Department and worked as an accountant at Han Young Accounting Corporation and Gilin Accounting Corporation. Auditor candidate Kim Pan-su served as a lawyer in the domestic legal group at Samsung Electronics.

The company stated, "We plan to proceed with new businesses in cooperation with semiconductor companies that possess technological competitiveness," adding, "We will devote all efforts to enhancing shareholder value and corporate value together with professional management."

It continued, "Harrison Investment Partnership No.1, a major financial investor, is actively considering a six-month voluntary lock-up period to stabilize Telefield’s management rights and business," emphasizing, "We will utilize the large-scale funds secured through convertible bonds and paid-in capital increases to steadily advance high-growth businesses."