Exem Approves Agenda as Proposed at Regular Shareholders' Meeting

Exem announced that it held its 10th regular general meeting of shareholders at 10 a.m. on the 28th at its headquarters in Magok-dong.

At this shareholders' meeting, a total of five agenda items were presented and all were approved as originally proposed: ▲Approval of the 2023 financial statements and consolidated financial statements ▲Appointment of inside directors ▲Approval of the limit on directors' remuneration ▲Approval of stock options grant ▲Partial amendment of the articles of incorporation.

Exem recorded consolidated sales of 53.9 billion KRW, operating profit of 4.9 billion KRW, and net profit of 10.4 billion KRW last year. For the stock dividend, it decided to return 0.01125757 shares of treasury stock per share by distributing all 801,115 shares of treasury stock currently held. The separate basis dividend payout ratio is 19%. This year, Exem plans to start a shareholder-friendly policy by implementing dividends for the first time in its history.

Inside directors Jo Jong-am and Go Pyeong-seok were reappointed. Stock options were granted as performance-linked options tied to performance and achievement stock price, with a total of 1.2 million shares granted to four division heads.

Jo Jong-am, chairman of the shareholders' meeting, said in his greeting, "Through active R&D investment, we have been able to lead the domestic software market by providing operation management solutions covering the entire IT environment including DB, WAS, and IT full range, cloud, AI, and big data, uniquely in Korea."

Go Pyeong-seok, CEO in charge of overall business, emphasized this year's plan: "We will focus on quickly establishing a market presence after launching Exem One, a product that integrates monitoring of on-premises and cloud environments, and three big data products including a generative AI-based chatbot search package."

At the regular shareholders' meeting, Exem amended part of its articles of incorporation to designate the dividend record date after the shareholders' meeting date so that shareholders can know whether dividends will be paid and the amount of dividends before making investment decisions. The limit on directors' remuneration was set at 1.5 billion KRW, the same as last year.