NPC Co., Ltd

Corporate Governance

NPC transparently discloses information and moves forward as a clean and honest company.

Download Articles of Incorporation

Article 1 (Company Name)

The name of the company shall be NPC Co., Ltd. and in English, it shall be written as NPC Co., Ltd. (abbreviated as NPC).

Article 2 (Purpose)

The purpose of the company is to engage in the following business activities:
1. Manufacturing, sales, and rental of electronic machinery and equipment
2. Manufacturing, sales, and rental of electrical machinery and equipment
3. RFID/USN-related business and application services
4. Manufacturing of smart polymer materials
5. Development, manufacturing, and sales of renewable energy raw materials
6. Development, manufacturing, and sales of bio-medical devices
7. Manufacturing, processing, and sales of synthetic resin products
8. Import and export business
9. Machinery industry
10. Aquaculture
11. Real estate development, sales, leasing, and building sales business
12. Manufacturing and sales of food products
13. Tourism accommodation and tourist facility operations
14. Leasing and operation of leisure facilities
15. Rental of logistics equipment
16. General freight forwarding and related services
17. General freight transportation and related services
18. Freight brokerage, agency, and related services
19. Parcel and individual cargo transportation
20. Logistics consulting business
21. Online retail and e-commerce
22. Paging and other wireless communication services
23. Software development
24. Sales and rental of software, servers, PCs, and IT peripherals
25. IT systems consulting
26. IT systems construction
27. Computer facility management
28. Other computer operation-related businesses
29. Engineering and technology research and development
30. Other chemical industry operations
31. Parking lot operation and management outsourcing
32. Electrical construction business
33. Investment in other necessary or beneficial enterprises
34. All business activities incidental to the aforementioned items

Article 3 (Location of Headquarters and Branch Offices)

① The headquarters of the company shall be located in Yongin-si, Gyeonggi-do.
② The company may establish branch offices as necessary through resolutions of the Board of Directors.

Article 4 (Public Notices)

Public notices of the company shall be posted on the company's official website ([http://www.npc.co.kr](http://www.npc.co.kr)).
However, if a system failure or other unavoidable reasons prevent online posting, the notice shall be published in the daily Korea Economic Daily issued in Seoul.

Article 5 (Deleted)

Chapter 2: Shares and Share Certificates

Article 6 (Total Number of Shares Issuable)

The total number of shares issuable by the company is 91,000,000 shares.

Article 7 (Par Value of One Share)

The par value of each share issued by the company shall be 500 KRW.

Article 8 (Preemptive Rights)

① Shareholders of the company shall have the right to subscribe for newly issued shares in proportion to the number of shares they own.
② Notwithstanding Paragraph 1, the company may allocate new shares to non-shareholders through a resolution of the Board of Directors under the following circumstances:

1.In the case of issuing new shares through a public offering method, within a limit not exceeding 30% of the total number of issued shares.
2. When preferentially allocating new shares to Employee Stock Ownership Association members.
3.When issuing new shares to domestic or international financial institutions or institutional investors for urgent capital needs, within a limit not exceeding 30% of the total number of issued shares
4.When issuing new shares to a counterpart for the purpose of acquiring significant technology, R\&D, production, sales, or capital alliances, within a limit not exceeding 30% of the total number of issued shares.
5.When issuing new shares to a counterpart for the purpose of acquiring significant technology, R\&D, production, sales, or capital alliances, within a limit not exceeding 30% of the total number of issued shares.

③ If a shareholder waives or loses their preemptive rights or if fractional shares arise during the new share allocation, the method of handling such shares shall be determined by a resolution of the Board of Directors.
④ When new shares are issued under any of the methods described in Paragraph 2, the type, quantity, and issue price of the shares shall be determined by a resolution of the Board of Directors.

Article 8-2 (Deleted)

Article 8-3 (Stock Options)

① The company may grant stock options to its executives and employees within a limit of 15% of the total number of issued shares, through a special resolution of the General Shareholders' Meeting. However, within a limit of 3% of the total number of issued shares, stock options may be granted through a Board of Directors resolution. In such cases, the stock options granted through the General Shareholders' Meeting or the Board of Directors may be structured as performance-based options linked to management performance goals or market indices.
② Those eligible for stock options shall be individuals who have contributed or are expected to contribute to the company's establishment, management, overseas operations, or technological innovation. However, the following persons are excluded:

1. Major Shareholders (as defined in Article 542-8, Paragraph 2, Subparagraph 5 of the Commercial Act) and their Specially Related Persons (as defined in Article 13, Paragraph 4 of the Enforcement Decree of the Commercial Act).
* However, those who become executives of the company (including executives of related companies as specified in Article 9, Paragraph 1 of the Enforcement Decree of the Commercial Act) and are classified as Specially Related Persons are excluded.
2. Significant Shareholders (as defined in Article 9, Paragraph 2 of the Financial Investment Services and Capital Markets Act) and their Specially Related Persons.
* However, those who become executives of the company (including executives of related companies as specified in Article 9, Paragraph 1 of the Enforcement Decree of the Commercial Act) and are classified as Specially Related Persons are excluded.
Individuals who, upon exercising stock options, would become Significant Shareholders.

③ Shares to be delivered upon the exercise of stock options (or shares used as a reference when the difference between the exercise price and the market price is settled in cash or treasury stock) shall be registered common shares.
④ The number of executives and employees eligible for stock options shall not exceed 99% of the total number of executives and employees. Furthermore, the number of stock options granted to a single executive or employee shall not exceed 10% of the total number of issued shares.
⑤ The exercise price per share for the stock options must be at least the greater of the following amounts. This applies even if the exercise price is adjusted after the stock options are granted:

1. If new shares are issued:
* The higher of:

a. The actual value of the share as of the date the stock option is granted
b. The par value of the share

2. If treasury shares are transferred:
* The actual value of the share as of the date the stock option is granted

⑥ Stock options may be exercised within five years from the date two years after the resolution of the General Shareholders' Meeting to grant the stock options.
⑦ Those granted stock options must remain employed or serve for at least two years from the date of the resolution in Paragraph 1 to exercise the options.
* However, if the grantee dies, retires due to age, or leaves the company for reasons not attributable to their own fault within the two-year period, the stock options may be exercised during the remaining exercise period.
⑧ Stock options may be canceled by a resolution of the Board of Directors in the following cases:

1. If the executive or employee voluntarily resigns or retires.
2. If the executive or employee causes significant damage to the company due to intentional misconduct or gross negligence.
3. If the executive or employee does not remain employed for at least two years from the date of the General Shareholders' Meeting resolution to grant the options.
4. If the company goes bankrupt or dissolves, making it impossible to fulfill the exercise of the stock options.
5. If other cancellation reasons specified in the stock option grant agreement arise.

Article 9 (Equal Dividends)

The company shall distribute dividends equally to all shares of the same class that are issued (including converted shares) as of the dividend record date, regardless of the issuance date.

Article 10 (Types of Shares)

The company shall issue registered common shares and registered preferred shares.

Article 10-2 (Number and Terms of Preferred Shares)

① The number of non-voting preferred shares the company may issue shall be 16,000,000 shares.
② For preferred shares, the preferential dividend rate shall be determined by the Board of Directors at the time of issuance, ranging from a minimum of 3% to a maximum of 10% based on the par value.
③ If the dividend rate of common shares exceeds that of preferred shares, the excess amount shall be distributed at the same ratio as common shares.
④ If the company fails to pay the specified dividend on preferred shares for a fiscal year, the unpaid cumulative dividends shall be given priority in the following fiscal year's distribution.
⑤ If a resolution is made not to pay the specified dividend on preferred shares, those preferred shares shall obtain voting rights starting from the next general meeting until a resolution to resume preferential dividends is made.
⑥ In the event of a paid-in capital increase or a bonus issue, new shares for preferred shares shall be allocated as common shares for paid-in capital increases and as the same type of shares for bonus issues.
⑦ The term of preferred shares shall be five years from the issuance date, after which they shall automatically convert to common shares. However, if the specified dividends are not paid within that period, the term shall be extended until the required dividends are fully paid.

Article 11 (Electronic Registration of Rights on Shares and Subscription Warrants)

Instead of issuing physical share certificates and subscription warrants, the company shall electronically register the rights associated with shares and subscription warrants in the electronic registration account book managed by the Electronic Registration Institution.

Article 12 (Transfer Agent)

① The company shall appoint a Transfer Agent for the registration of shares. The scope of delegation and the location for handling transfer agency services shall be determined by the Board of Directors.
② The company shall store the shareholder register or its copy at the office of the Transfer Agent and delegate the electronic registration of shares, management of the shareholder register, and other share-related tasks to the Transfer Agent.
③ The procedures for handling these tasks shall comply with the related business regulations established by the Transfer Agent.

Article 13 (Preparation and Maintenance of Shareholder Register)

① When the company is notified of ownership details by the Electronic Registration Institution, it shall record the details and the notification date and prepare and maintain the shareholder register accordingly.
② The company may request the Electronic Registration Institution to prepare ownership details in cases where changes occur, such as for shareholders holding 5% or more of the shares (including specially related persons).
③ The company shall prepare the shareholder register in electronic form.

Article 14 (Deleted)

Article 15 (Deleted)

Article 16 (Deleted)

Article 17 (Record Date)

① The company shall grant rights to shareholders listed in the shareholder register as of the last day of each fiscal year.
② For the convocation of an Extraordinary General Shareholders' Meeting or other necessary events, the company may, by resolution of the Board of Directors, designate a specific date for determining the shareholders eligible to exercise their rights. The company must announce this date at least two weeks in advance as determined by the Board of Directors.

Chapter 3: General Shareholders' Meeting

Article 18 (Time of Convocation)

① The company's General Shareholders' Meeting shall consist of a Regular General Meeting and Extraordinary General Meetings.
② The Regular General Meeting shall be convened within three months from the Record Date specified in Article 17, Paragraph 1, and Extraordinary General Meetings shall be convened as necessary.

Article 19 (Convocation and Notification of General Shareholders' Meeting)

① The General Shareholders' Meeting shall be convened by the Representative Director upon the resolution of the Board of Directors. In the event the Representative Director is unable to perform their duties, the provisions of Article 29, Paragraph 3 shall apply.
② When convening a General Shareholders' Meeting, the date, location, and purpose of the meeting must be notified to shareholders at least two weeks in advance via written notice or electronic document.
③ For shareholders holding less than 1% of the total number of voting shares, the notice of convocation may be replaced by public announcements in the Korea Economic Daily and Dong-A Ilbo at least twice, or through the electronic disclosure system operated by the Financial Supervisory Service or the Korea Exchange, instead of individual written notices.
④ The General Shareholders' Meeting shall be held at the headquarters location, but may also be held in neighboring areas if necessary.

Article 20 (Chairperson)

The Representative Director shall serve as the Chairperson of the General Shareholders' Meeting.
However, if the Representative Director is unable to perform their duties, the provisions of Article 29, Paragraph 3 shall apply.

Article 21 (Voting Rights)

Each shareholder shall be entitled to one vote per share owned.

Article 21-2 (Restriction on Voting Rights for Cross-Held Shares)

If the company, its subsidiaries, or the subsidiaries of another company hold more than 10% of the total number of issued shares of another company, the shares held by that other company in this company shall not have voting rights.

Article 21-3 (Non-Uniform Exercise of Voting Rights)

① A shareholder holding multiple voting rights who wishes to exercise them in a non-uniform manner must notify the company in writing of their intention and the reason at least three days prior to the meeting.
② The company may reject the non-uniform exercise of voting rights. However, this does not apply if the shareholder acquired the shares through trust or holds them on behalf of another party.

Article 22 (Resolution Method of the General Shareholders' Meeting)

Resolutions of the General Shareholders' Meeting shall be passed by a majority of the voting rights of the shareholders present, provided that at least one-quarter of the total number of issued shares is represented, unless otherwise specified by law.

Article 23 (Proxy Voting Rights)

① A shareholder may exercise their voting rights through a proxy.
② The proxy must submit a written document (Power of Attorney) proving their authority before the start of the General Shareholders' Meeting.

Article 24 (Chairperson's Authority to Maintain Order)

① The Chairperson of the General Shareholders' Meeting may suspend, cancel, or order the removal of any person who intentionally disrupts the meeting's progress or disturbs order with their speech or behavior. The person ordered to leave must comply.
② The Chairperson may limit the time and number of speeches by shareholders if deemed necessary for the smooth proceeding of the meeting.

Article 25 (Preparation of Meeting Minutes)

The proceedings and outcomes of the General Shareholders' Meeting shall be recorded in the meeting minutes, which must be signed or sealed by the Chairperson and attending directors. The minutes shall be stored at the headquarters and branch offices.

Chapter 4: Executives

Article 26 (Number of Directors and Auditors)

The company shall have at least 3 directors and no more than 6 directors, with at least one auditor. Additionally, outside directors shall constitute one-quarter or more of the total number of directors.

Article 27 (Election of Directors and Auditors)

① Directors and auditors shall be elected at the General Shareholders' Meeting. The agenda for the election of directors and auditors shall be voted on separately.
② The election of directors and auditors shall require the approval of a majority of the voting rights of the shareholders present, representing at least one-quarter of the total number of issued shares. However, if electronic voting is permitted under Article 368-4, Paragraph 1 of the Commercial Act, the election of auditors may be resolved by a majority of the voting rights of the shareholders present.
③ The company shall not adopt a cumulative voting system when electing directors.
④ When electing and dismissing auditors, shareholders holding more than 3% of the total number of issued shares (excluding non-voting shares) shall not exercise voting rights for the shares exceeding that limit. For major shareholders, the shares held by Specially Related Persons as defined by the Enforcement Decree of the Commercial Act are included.

Article 28 (Election of Representative Directors and Other Executives)

The company shall, through a Board of Directors resolution, appoint a Representative Director from among its directors and may also appoint a Chairman, Vice Chairman, President, Vice President, Senior Managing Director, Managing Director, and Assistant Managing Directors as necessary.

Article 29 (Duties of Directors)

① The Representative Director shall represent the company and oversee all business operations.
② The Chairman, Vice Chairman, President, Vice President, Senior Managing Director, Managing Director, and Assistant Managing Directors shall divide and execute company duties as determined by the Board of Directors.
③ In the event that the Representative Director is unable to perform their duties, a director designated by the Board of Directors shall act as the proxy in order of priority as determined by the Board.

Article 29-2 (Reporting Duties of Directors)

① Directors shall report the status of business execution to the Board of Directors at least once every three months.
② If a director discovers any fact that could significantly harm the company, they must immediately report it to the auditor.

Article 30 (Duties of the Auditor)

① The auditor shall audit the company's accounts and business operations.
② The auditor may attend Board of Directors meetings and state their opinions.
③ The auditor shall record the auditing methods and results in the audit report, and the auditor who performed the audit shall sign or seal it.
④ The auditor may submit a written request to convene an extraordinary shareholders' meeting to the Board of Directors, specifying the purpose and reason for the meeting.
⑤ To fulfill their duties, the auditor may request business reports from subsidiaries. If the subsidiary fails to report promptly or if it is necessary to verify the contents of the report, the auditor may inspect the business operations and financial status of the subsidiary.

Article 31 (Term of Office of Directors and Auditors)

① The term of office for a director shall expire at the conclusion of the Regular General Shareholders' Meeting held for the final fiscal year within one year of their appointment.
② The term of office for an auditor shall expire at the conclusion of the Regular General Shareholders' Meeting held for the final fiscal year within three years of their appointment.

Article 32 (Filling Vacancies of Directors and Auditors)

① If there is a vacancy among the directors or auditors, they shall be elected at the General Shareholders' Meeting. However, if the number of directors does not fall below the minimum specified in Article 26 and business operations are not hindered, this is not necessary.
② The term of office of a director elected as a replacement shall be the remaining term of their predecessor.
③ If an outside director resigns, passes away, or otherwise causes the number to fall below the minimum required in Article 26, the first General Shareholders' Meeting convened after such occurrence must fulfill the required number.

Article 33 (Compensation)

① The compensation for directors and auditors shall be determined by the General Shareholders' Meeting. The agenda for deciding compensation for directors and auditors shall be voted on separately.
② Retirement benefits for executives shall be paid according to the payment rates specified for each position, and shall be calculated based on their annual salary during their tenure. However, if the executive has made significant contributions to the company, additional payments may be made upon approval of the General Shareholders' Meeting.

1. Honorary Chairman, Chairman, Vice Chairman: 5 months of monthly salary for each year of service
2. President: 4 months of monthly salary for each year of service
3. Vice President, Senior Managing Director: 3 months of monthly salary for each year of service
4. Managing Director, Director, Auditor: 2 months of monthly salary for each year of service

Chapter 5: Board of Directors

Article 34 (Board of Directors)

The directors shall constitute the Board of Directors, make decisions regarding the execution of the company's business, and supervise the business operations of the Representative Director and Managing Directors.

Article 35 (Convener and Chairperson of the Board of Directors)

① The Board of Directors may be convened by any director. However, if a specific director is designated by the Board, only that director may convene the meeting.
② The Chairperson of the Board of Directors shall be determined by the Board. However, if the Board designates a convener under Paragraph 1, that director shall also serve as the Chairperson.

Article 36 (Notice of Meeting)

When convening a Board of Directors meeting, the date of the meeting shall be determined, and a written notice specifying the purpose of the meeting shall be sent to each director and auditor at least three days prior to the meeting.
However, if all directors and auditors consent, the meeting may be held at any time without such procedures.

Article 37 (Resolution Method of the Board of Directors)

① Resolutions of the Board of Directors shall be adopted by the presence of a majority of the directors and the approval of a majority of the directors present. If there is a tie, the Chairperson shall cast the deciding vote.
② Directors who have a special interest in a matter shall not exercise their voting rights in that resolution.

Article 37-2 (Minutes of the Board of Directors Meetings)

The proceedings and outcomes of the Board of Directors meetings shall be recorded in the minutes, and the Chairperson, attending directors, and auditors shall sign or seal the minutes, which shall be kept at the headquarters.

Article 37-3 (Management Committee)

① The company shall establish a Management Committee within the Board of Directors.
② The composition, authority, and operation of the Management Committee shall be determined by the resolution of the Board of Directors.
③ The provisions of Articles 35, 36, 37, and 37-2 shall apply mutatis mutandis to the Management Committee.

Article 38 (Advisors)

The company may, upon resolution of the Board of Directors, appoint a number of advisors as deemed necessary.

Chapter 6: Bonds

Article 39 (Issuance of Bonds)

① The company may issue bonds upon the resolution of the Board of Directors.
② The Board of Directors may delegate to the Representative Director the authority to determine the amount and type of bonds to be issued within a period not exceeding one year.

Article 40 (Issuance of Convertible Bonds)

① The company may issue convertible bonds to persons other than shareholders within the limit of a total face value not exceeding 20 billion KRW.
② The Board of Directors may determine that only a portion of the bonds shall be granted conversion rights.
③ The shares issued upon conversion shall be common shares, and the conversion price shall be determined by the Board of Directors at the time of bond issuance, at or above the face value of the shares.
④ The period for conversion requests shall commence the day after the issuance date of the bonds and extend until the day before the maturity date. However, the Board of Directors may adjust the conversion request period through a resolution within that timeframe.
⑤ If bonds are converted into shares, the company shall only pay interest on the portion of the bond whose interest payment date has matured before the conversion.

Article 41 (Issuance of Bonds with Warrants)

① The company may issue bonds with warrants to persons other than shareholders within the limit of a total face value not exceeding 10 billion KRW.
② The amount eligible for subscription through the exercise of warrants shall not exceed the total face value of the bonds, and the specific amount shall be determined by the Board of Directors.
③ The shares issued through the exercise of warrants shall be common shares, and the issue price shall be determined by the Board of Directors at the time of bond issuance, at or above the face value of the shares.
④ The exercise period for the warrants shall commence the day after the issuance date of the bonds and extend until the day before the maturity date. However, the Board of Directors may adjust the exercise period through a resolution within that timeframe.

Article 41-2 (Electronic Registration of Rights for Bonds and Warrants)

The company shall electronically register the rights represented by bonds and warrant securities in the electronic registration account book of the electronic registration agency instead of issuing physical certificates. However, for bonds, listed bonds and others that are legally required to be electronically registered shall be handled accordingly, and non-listed bonds may be exempted from electronic registration.

Chapter 7: Accounting

Article 42 (Fiscal Year)

The fiscal year of the company shall be one calendar year, beginning on January 1 and ending on December 31 of each year. The financial closing shall be conducted at the end of each year.

Article 43 (Preparation, Storage, and Submission of Financial Statements and Business Reports)

① The Representative Director of the company shall prepare the following documents, along with their detailed statements and the Business Report, six weeks prior to the date of the Regular General Meeting of Shareholders. These documents must be audited by the Auditor and submitted to the Regular General Meeting of Shareholders:

1. Balance Sheet
2. Income Statement
3. Other documents required by the Enforcement Decree of the Commercial Act that reflect the company's financial status and business performance
4. Consolidated Financial Statements

② The Auditor shall submit the Audit Report to the Representative Director one week before the Regular General Meeting of Shareholders.
③ Notwithstanding Paragraph 1, the company may, by resolution of the Board of Directors, approve the documents if the following conditions are met:

1. An external auditor's opinion confirms that the documents appropriately represent the company's financial status and business performance in accordance with relevant laws and the Articles of Incorporation.
2. There is unanimous consent from all auditors.

④ If the Board of Directors approves the documents under Paragraph 3, the Representative Director shall report the contents of the documents to the General Meeting of Shareholders.
⑤ The Representative Director shall store copies of the documents in Paragraph 1 and the Audit Report at the head office for five years and at the branch offices for three years, one week prior to the Regular General Meeting of Shareholders.
⑥ Upon obtaining the approval of the General Meeting of Shareholders for the documents listed in Paragraph 1, or the approval of the Board of Directors under Paragraph 4, the Representative Director shall promptly publish the Balance Sheet and the external auditor's opinion.

Article 43-2 (Appointment of External Auditor)

The company shall, upon approval by the Auditor Appointment Committee as stipulated in the Act on External Audit of Stock Companies, appoint an external auditor as selected by the Auditor. This fact shall be reported at the next Regular General Meeting of Shareholders or notified to shareholders in accordance with the provisions of the Enforcement Decree of the Act on External Audit of Stock Companies.

Article 44 (Disposition of Profit)

The company may dispose of each fiscal year's profit (including retained earnings carried forward) as follows:
1. Legal Reserve (Statutory Reserve under the Commercial Act)
2. Other Statutory Reserves
3. Dividends
4. Voluntary Reserves
5. Other Disposals of Retained Earnings
6. Retained Earnings Carried Forward to the Next Fiscal Year

Article 44-2 (Share Redemption)

① The company may redeem its shares through a resolution of the Board of Directors, within the scope of the distributable profit for dividends.
② When redeeming shares under Paragraph 1, the Board of Directors shall resolve the following matters:

1. The type and total number of shares to be redeemed.
2. The total amount of the purchase price for the shares to be redeemed.
3. When acquiring treasury shares for the purpose of redemption under Paragraph 1, the following criteria shall apply:

③ When acquiring treasury shares for the purpose of redemption under Paragraph 1, the following criteria shall apply:

1. It shall be conducted according to Article 165-2, Paragraph 2, Subparagraph 1 or 2 of the Financial Investment Services and Capital Markets Act. In the case of Subparagraph 1, the acquisition period and method must comply with the standards set by the Enforcement Decree of the same Act.
2. The acquisition amount for redemption shall not exceed the distributable profit limit as defined in Article 462, Paragraph 1 of the Commercial Act, and it must fall within the amount specified in the Enforcement Decree of the Financial Investment Services and Capital Markets Act.

④ When shares have been retired pursuant to the provisions of Paragraph 1, the details specified in each subparagraph of Paragraph 2 and the fact of the share retirement shall be reported at the first Regular General Meeting of Shareholders convened after the resolution for retirement.

Article 45 (Distribution of Profits)

① The distribution of profits may be made in cash or in shares.
② If the distribution of profits is made in shares, and the company issues multiple types of shares, it may, by resolution of the General Meeting of Shareholders, distribute shares of a different type.
③ The dividends described in Paragraph 1 shall be paid to shareholders or registered pledgees whose names are recorded in the Shareholder Register as of the date specified in Article 17, Paragraph 1.
④ The right to claim dividends shall expire if not exercised for five years, and upon expiration, the dividend amount shall revert to the company.

Addendum

1. (Transitional Provisions for Preferred Shares) In the event that the company issues preferred shares through a bonus issue for preferred shares issued before the enforcement date of the revised Commercial Act (October 1, 1996), the new preferred shares shall be allocated according to the provisions of Article 10-2. (2000.02.26)

2. (Transitional Provisions for Share Redemption) As of the implementation of the revised Securities and Exchange Act (April 1, 2001), treasury shares acquired under Article 189-2 of the said Act may be redeemed according to the amended provisions of Article 44-2, Paragraph 1. (2002.02.28)

3. (Transitional Provisions for Director Terms) Directors appointed before the amendment shall have their terms expire at the end of the Regular General Meeting of Shareholders of the first fiscal year following the amendment. (2002.02.28)

4. (Implementation of Amendments to Articles 11, 12, 16, and 41-2) The amendments to Articles 11, 12, 16, and 41-2 shall take effect on September 16, 2019, upon the enforcement of the Enforcement Decree of the Act on Electronic Registration of Stocks and Bonds, etc. (2019.03.27)

5. (Effective Date of These Articles of Incorporation) These Articles of Incorporation shall take effect from the date of approval at the 57th Regular General Meeting of Shareholders. (2021.03.31)

6. (Effective Date of These Articles of Incorporation) These Articles of Incorporation shall take effect from the date of approval at the 59th Regular General Meeting of Shareholders. (2023.03.31)

7. (Effective Date of These Articles of Incorporation) These Articles of Incorporation shall take effect from the date of approval at the 60th Regular General Meeting of Shareholders, except Article 3, Paragraph 1, which shall take effect on June 30, 2024.

Download Board of Directors Regulations

Category	Gender	Name	Major Career Background	Initial Appointment Date	Term Expiration Date
Internal Directors (CEO)	Male	NA CHANG YUP	TPC Co., Ltd. CEO NPC Co., Ltd. Sales Executive NPC Co., Ltd. NRS Management Division Executive NPC Co., Ltd. Sales Division CEO	2019-03-27	2026-03-31
Internal Directors (CEO)	Male	YANG CHANG YOUNG	NPC Co., Ltd. General Administration Director NPC Co., Ltd. Administration Division Executive NPC Co., Ltd. Administration General Executive NPC Co., Ltd. Administration Division CEO	2025-03-31	2026-03-31
Internal Directors (CEO)	Male	SHIM IL SIK	NPC VINA Plant Manager NPC Co., Ltd. Production Executive NPC Co., Ltd. Production General Executive NPC Co., Ltd. Production Division CEO	2025-03-31	2026-03-31
Outside Directors	Male	JEON BONG HYUN	NPC Chemical Co., Ltd. CEO Daegu Platech Co., Ltd. CEO Newmedic Co., Ltd. CEO NPC Co., Ltd. Outside Director	2024-03-29	2026-03-31

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