Kwon Oh-gap, Chairman of HD Hyundai, "We Will Continuously Innovate Technology"

8th Regular Shareholders' Meeting Held
Year-End Dividend of 900 KRW per Share Approved

Chairman Kwon Oh-gap of HD Hyundai stated, "We will create new value through continuous technological innovation" and added, "We will continue preparing for the future to establish a solid foundation that can support growth for 100 to 200 years."

Chairman Kwon made these remarks at the 8th regular shareholders' meeting held on the 27th at the Global R&D Center in Seongnam, Gyeonggi Province. At the shareholders' meeting, a total of four agenda items were approved: ▲approval of financial statements ▲appointment of directors ▲appointment of audit committee members ▲approval of director remuneration limits.

Kwon Oh-gap, Chairman of HD Hyundai.

According to the business report announced that day, HD Hyundai recorded consolidated sales of 67.7656 trillion KRW and an operating profit of 2.9832 trillion KRW last year.

Additionally, HD Hyundai reappointed lawyer Lee Ji-su from Kim & Chang Law Office as an outside director and audit committee member.

At this shareholders' meeting, HD Hyundai decided to pay a year-end dividend of 900 KRW per share in accordance with its mid- to long-term dividend policy. Including quarterly dividends, the total annual dividend per share amounts to 3,600 KRW. The company also explained that it will continue to pay dividends in the future and pursue various measures to enhance shareholder value.