NH Investment & Securities Appoints Lawyer Oh Kwang-soo and Professor Seo Eun-sook as New Outside Directors

On the 6th, NH Investment & Securities held a regular board meeting and resolved to appoint Oh Kwang-soo, representative lawyer of the law firm Daeryuk Aju, and Seo Eun-sook, professor of the Department of Economics and Finance at Sangmyung University, as new outside directors. It also resolved to reappoint Seo Jung-won as an outside director and Moon Yeon-woo as a non-executive director, and decided on share repurchase and cancellation as well as dividend payments to strengthen shareholder return policies.

Oh Kwang-soo, selected as a candidate for the new outside director, is a distinguished legal expert who earned his bachelor's and doctoral degrees in law from Sungkyunkwan University and served as head of the Special 2nd Division of the Seoul Central District Prosecutors' Office, Daegu District Prosecutor, and Director of the Crime Prevention Policy Bureau at the Ministry of Justice. At a time when internal control system management is being strengthened with the introduction of a responsibility structure and the establishment of an internal control committee, he is expected to address the absence of legal experts within the existing board.

Professor Seo Eun-sook holds a bachelor's degree in economics from Sangmyung University, a master's degree in economics from Sogang University, and a Ph.D. in economics from The University of Texas at Austin. She has served as chairperson of the Financial Consumer Protection Subcommittee of the Financial Services Commission and as a fund evaluation committee member at the Ministry of Strategy and Finance. Currently, she is a professor in the Department of Economics and Finance at Sangmyung University and an expert in financial consumer protection. With the reform of the pension fund investment pool system allowing securities firms to participate, she is expected to contribute to enhancing competitiveness in new businesses and strengthening financial consumer protection systems.

Additionally, NH Investment & Securities resolved to repurchase and cancel approximately 3.4 million common shares, worth about 50 billion KRW, in accordance with the corporate value enhancement plan announced last December. Cash dividends are set at 950 KRW per common share and 1,000 KRW per preferred share, with total dividends amounting to approximately 329.3 billion KRW. This represents about a 17% increase compared to 280.8 billion KRW the previous year, and the dividend payout ratio is expected to remain stable at about 52.6%, based on a net income of 625.9 billion KRW (separate basis).

The date for the 58th regular general shareholders' meeting has been confirmed as the 24th, and the dividend record date is the 31st. To receive dividends, shareholders must purchase NH Investment & Securities shares by the 27th and hold them on the dividend record date.