Ecopro Approves Stock Split Proposal at General Meeting

Song Hojun CEO "Accelerating Technology Differentiation and Promoting Customer Diversification"

EcoPro held a shareholders' meeting at its headquarters in Ochang, Chungbuk on the 28th and approved agenda items including partial amendments to the articles of incorporation to split the stock face value by one-fifth.

The stock split has the same effect as a bonus issue and is generally regarded as a representative shareholder-friendly policy that provides small investors with easier investment opportunities by splitting high-priced stocks.

EcoPro explained that trading will be suspended from the 9th to the 24th of next month and will resume on the 25th of the same month with the stock split applied. Through the stock split, it is expected to lower the price per share, promote stock trading, and increase shareholder value. Additionally, an agenda item to add an interim dividend system to the articles of incorporation to secure flexibility in future dividend decisions was also approved. This is interpreted as a commitment to solidify market dominance through expanded investments such as line expansion, while actively considering dividends in the long term.

On the same day, EcoPro CEO Song Hojun announced the group’s management roadmap for this year during his greeting at the shareholders' meeting. CEO Song said, "We will accelerate technology differentiation and diversify customers," adding, "We will expand high-nickel technology differentiation and establish a pilot line for LFP (Lithium Iron Phosphate) cathode materials within the year to lay the foundation for customer diversification."

CEO Song further predicted that the competitiveness of cathode material companies in the future depends on reducing manufacturing costs. To this end, he revealed plans to strengthen competitiveness by building the 'Closed Loop Eco System Version 2' at the Pohang campus, which reduces costs by about 30%.

He explained, "The Closed Loop Eco System Version 2 is an eco-friendly cathode material production system that integrates the eco-friendly technology of EcoProHN, which is responsible for environmental business, to proactively respond to environmental regulations, significantly reduce costs, and maximize added value."

Finally, CEO Song said, "We will strive to lead the market through differentiated technology and repay the support of our shareholders," and added, "We plan to further strengthen communication with individual shareholders and the market."