Daol Investment & Securities Maintains CEO Hwang Junho's Leadership... Agenda Submitted for General Meeting

Hwang Junho, CEO of Daol Investment & Securities.

Daol Investment & Securities announced on the 17th that it will maintain the leadership of CEO Hwang Jun-ho.

On the same day, Daol Investment & Securities held a nomination committee meeting and recommended CEO Hwang Jun-ho as the candidate for the chief executive officer position. CEO Hwang is scheduled to be proposed for appointment as an inside director at the shareholders' meeting to be held on the 21st. If the proposal is approved, he plans to be appointed as CEO at the board meeting following the shareholders' meeting.

Previously, Daol Investment & Securities planned to pass a resolution at the shareholders' meeting to reappoint Chairman Lee Byung-chul of Daol Financial Group and CEO Hwang Jun-ho as inside directors, and to appoint Lim Jae-taek, CEO of Hanyang Securities, as a new inside director.

CEO Lim was expected to become the new CEO of Daol Investment & Securities, but on the 14th, he suddenly announced that he would retain his position as CEO of Hanyang Securities, leading to the withdrawal of the proposal.