상장회사 표준정관(영어) 한국상장회사협의회자료

1. 표지와 개정 이력

Standard Articles of Incorporation for Listed Companies Korea Listed Companies Association Enacted on February 5, 1980

이 표준정관은 1980년 2월 5일 제정된 뒤 여러 차례 개정을 거쳤으며, 가장 최근에는 2023년 2월 8일 개정이 이루어졌습니다.

Amended on July 13, 1984; January 25, 1988; December 6, 1989; August 21, 1991; June 22, 1993; January 17, 1996; October 10, 1996; February 21, 1997; February 17, 1998; February 23, 1999; February 10, 2000; March 2, 2001; February 4, 2003; January 27, 2004; December 20, 2007; February 4, 2009; May 18, 2009; January 22, 2010; January 16, 2012; January 3, 2013; December. 27, 2013; November 28, 2018; January 5, 2021; February 8, 2023;

2. 제1장 총칙 — 상호·목적·본점·공고방법

제1장은 회사의 상호(제1조), 목적(제2조), 본점 소재지와 지점 설치(제3조), 공고 방법(제4조)을 정합니다.

CHAPTER I. GENERAL PROVISIONS

Article 1 (Name of the Company) The name of the company shall be [ ** ] Jushikhoisa (or Jushikhoisa [ ** ]) in Korean and in English translation [ ** ] (hereinafter "Company").

Article 2 (Purposes) The purpose of the Company is to engage in the following business activities: (1) (2) (3) (4) (5) ; and (6) Other activities incidental to each of the aforementioned business.

Article 3 (Location of Head Office and Establishment of Branches, etc.) (1) The head office of the Company shall be located in [*]. (2) Branches may be established by the Company by resolutions of the Board of Directors as necessary.

※1. The location of the head office may be provided as "Seoul Metropolitan City(or "[**] Metropolitan City" or "[**] Province [**] City") 2. If the Company intends to establish and maintain sub-branches, offices or overseas subsidiaries in addition to branches under the Commercial Act, Article 3 Paragraph 2 above may be provided as follows: Ex) The Company may establish

branches, sub-branches, offices, or overseas subsidiaries by resolutions of Board of Directors as necessary.

공고 방법은 일간지 게재와 회사 웹사이트 게시의 두 선택형으로 제시됩니다.

If the method of public notice is by publication in a daily newspaper Article 4 (Method of Public Notice-1) Public notice by the Company shall be published in a [ name of the daily newspaper ] issued in [name of the city]: Provided, That if [name of the daily newspaper] is unable to publish the notice due to discontinuation, suspension, or other unavoidable reasons, the notice shall be published in [ name of another daily newspaper ] published in [ name of the city ].

(Newly Inserted on Jan 16, 2012)

If the method of notice is by posting on the Company's website Article 4 (Method of Public Notice-2) Public notice by the Company shall be published on the Company’s website (http://www.*.····): Provided, That if the Company is unable to post the public notice on the Company’s website due to a system failure or other unavoidable reason, it shall be published in [ name of the daily newspaper published in [ name of the city ].

(This Proviso Newly Inserted on Jan 22, 2010) ※ If the public notice is published on the Company website, the website address must be registered.

3. 제2장 주식 — 발행할 주식의 총수·종류·신주발행

제2장은 발행할 주식의 총수(제5조), 액면·무액면(제6조), 설립 시 발행 주식수(제7조), 주식의 종류(제8조) 등 주식에 관한 조항을 담습니다.

CHAPTER II. SHARES Article 5 (Total Number of Authorized Shares) The total number of shares the Company is authorized to issue shall be [*] shares. If the Company issues par value share Article 6 (Par Value per Share - 1) The par value of each share to be issued by the Company shall be KRW [*].

If the Company issues no-par share Article 6 (Issuing No-Par Value Share - 2) (1) The share to be issued by the Company shall be a no-par value share. (2) In case of issuing new shares, the amount to be included in the paid in capital from the issue price of new shares shall be determined by the Board of Directors within a range of at least one-half of the total issue price.

※ If the Company converts a par value stock into a no-par value share, the conversion ratio shall be determined by providing transitional provisions in the Addendum. (Newly Inserted on Jan 16, 2012) Article 7 (Number of Shares to be Issued at the Time of Incorporation) The total number of shares to be issued by the Company at the time of incorporation shall be [*] shares.

In case of issuing registered common shares only Article 8 (Class of shares - 1) The shares to be issued by the Company shall be common shares in registered form.

In case of issuing different class of shares other than common shares Article 8 (Class of shares - 2) (1) The shares to be issued by the Company shall be registered common shares and registered different class of shares. (Amended on Jan 16, 2012) (2) The different class of shares (“hereinafter referred to as “class of shares”) issued by the Company shall be dividend preferred

shares, having no, or limited voting rights, redeemable shares, convertible shares, and shares that combine some or all of these characteristics.

(Newly Inserted on Jan 16, 2012) ※ Except for common shares, the class of shares may be classified into (i) dividend preferred shares, (ii) non or limited voting rights shares, (iii) redeemable shares, (iv) convertible shares, and (v) shares that combine some or all of these characteristics, and any various types of the class of shares may be made depending on the combination

of the class of shares: Provided, That the Company shall not issue redeemable shares in relation to the common shares because the Company may issue redeemable shares only in relation to class of shares (except as to conversion and redemption) under Article 345 Paragraph 5 of Commercial Act.

(Note Newly Inserted on Jan 16, 2012) ※ If a Company intends to issue more than one class of shares as necessary, it is advisable to have individual provisions specifying their number and details. The class of shares must be indicated as Class 1 shares, Class 2 shares, etc., to distinguish between multiple class of shares (Note Newly Inserted on Jan 16, 2012)

종류주식 조항은 네 가지 유형([Type 1]~[Type 4])의 선택 예시를 갖추고 있습니다.

[Type 1] In case of issuing non-voting convertible dividend preferred shares (with a limited term) [Standard Type] ※ The term “class of shares” in the article title refers not to the general term but to the specific class of shares aforementioned (non-voting convertible dividend preferred shares with a limited term).

(Note Newly Inserted on Jan 16, 2012) ※ Regarding class of shares related to voting rights, there are non-voting shares and restricted voting shares. Here, non-voting shares and restricted voting shares are used as the Standard type, and shares with restricted voting rights are offered as an option for the company in [Type 2] as necessary.

In addition, using [Type 2], the design of 'convertible shares with restricted voting right', 'redeemable shares with restricted voting right' is possible (Note Newly Inserted on Jan 16, 2012) ※ Besides the limited-duration conversion method, shares may also be extinguished through compulsory conversion or mandatory conversion, and this is exemplified in [Type 3] so that the Company may choose the method of conversion as necessary.

(Note Newly Inserted on Jan 16, 2012) ※ If the Company chooses redemption as its method of extinguishing shares, it may choose between compulsory redemption or mandatory redemption as necessary, and the methods are exemplified in [Type 4]. (Note Newly Inserted on Jan 16, 2012) ※ Besides to the types exemplified, 'convertible dividend preferred share with voting rights,

'redeemable dividend preferred shares with voting rights, non-voting convertible shares, 'non-voting redeemable shares,' ' restricted - voting convertible shares,' 'restricted-voting redeemable shares,' and 'convertible shares with voting right', etc., can be provided in the Company's article of incorporation depending on the Company's circumstances.

However, it should be noted that the issuance of 'redeemable shares with voting right' is not possible. (Note Newly Inserted on Jan 16, 2012)

[Type 1]은 의결권 없는 전환식 배당우선주(기간 제한)로서 표준형입니다.

Article 8-2 (Number and Details of Class of shares - 1) (1) Class (1) shares to be issued by the Company shall be convertible dividend preferred shares with non-voting rights (hereinafter referred to as “Class of Shares” in this Article), and the number of shares to be issued shall be [*]. ※ The expression "1" in parentheses indicates that the distinction between the class of

shares when the Company issues several classes of shares and may not be used if the Company issues only one class of shares.

(2) For the class of shares, a cash dividend shall be distributed first, based on a priority ratio determined by the Board of Directors at the time of issuance, within an annual range of no less than [*] % and no more than [*] % of the par value. ※ In case of no-par value shares, "[*] %" should be provided with "[*] won", and "based on a priority ratio" should be provided as "based on the priority dividend amount." The same applies hereinafter.

(3) If a specified the dividend rate of common shares exceeds that of the class of shares, the excess will be distributed to the class of shares at the same rate as the common shares ※ Besides this simple participation method, if immediate participation is desired, this Paragraph (3) should be defined as "When dividends are distributed to preferred shares and the remaining

profits are distributed to common shares, the dividend rate for the class of shares is increased by adding the dividend rate of the common shares." ※ Additionally, if a non-participation method is desired, this Paragraph (3) should be defined as "class of shares do not participate in the dividends of common shares.

(4) If a specified dividend for a class of shares cannot be distributed in any fiscal year, the accumulated undistributed portion shall be given priority in distribution during the dividend period of the following fiscal year. ※ When intending to make non-cumulative priority dividends, this Paragraph should be defined as "If a specified dividend for a class of shares cannot be

distributed in any fiscal year, the shortfall shall not be carried over to the dividend period of the next year" (5) When the company issues new shares, the allocation of new shares for the class of shares shall be the same type of shares as those allocated to common shares in the case of capital increase with consideration and stock dividends, and the same type of shares shall be allocated in the case of bonus issues.

※ In case of capital increase with consideration, if the company's articles of incorporation do not specify how new shares are to be allocated to preferred shares, the company may decide to allocate them in the same way as common shares or differently (Article 344 Paragraph 3 of the Commercial Act).

However, if the allocation is determined differently from common shares, a resolution from the general meeting of shareholders of certain class of shares may be required, thus caution is advised. (6) If there is a resolution not to distribute the specified dividends for a class of shares, voting rights shall be granted from the next general meeting after the meeting with such

resolution until the conclusion of the meeting where a resolution to distribute the preferred dividends exists.

※ If voting rights are not to be revived, this Paragraph shall not be provided. Therefore, in such a case, the result shall be the same as if voting rights are not granted to preferred shares. (7) The duration of the class of shares shall be [*] years from the date of issuance, and upon the expiration of this period, they shall be converted into common shares (or the class of

shares as specified in Article [*]) ※ If the Company wishes to use other types of convertible shares instead of a specified duration, it should refer to [Type 3] to replace this clause, and if the Company wishes to use redeemable shares, it should refer to the redemption provisions in [Type 4] to replace it accordingly.

(8) If the specified dividends are not completed by the expiration date of the conversion period, the period will be extended until the specified dividends are completed. ※ In the case of non-cumulative preferred dividends, this Paragraph is not necessary. (9) (Deleted on Jan 5, 2021)

[Type 2] In case of issuing convertible dividend preferred shares with restricted voting rights (with a specified duration) ※ If intending to issue convertible dividend preferred shares with non-voting right (with a specified duration) as dividend-priority convertible shares with restricted voting rights (with a specified duration), Paragraph 1 of [Type 1] (hereinafter referred

to as “Standard Type”) shall be stipulated as follows: Article 8-3 (Number and Details of Class of shares - 2) (1) Class (*) of shares to be issued by the Company shall be convertible dividend preferred shares with non-voting right for the following sub-paragraphs in the resolution adopted at a general meeting of shareholders (hereinafter referred to as “Class of Shares”), and the number of such shares to be issued shall be [*] shares.

1. ····················· 2. ····················· 3. ····················· ※ To be stated based on the resolution adopted at a general meeting of shareholders regarding the appointment and dismissal of directors, the appointment and dismissal of auditors, etc., depending on the Company’s circumstances.

※ The indication "(*)" in parentheses indicates the distinction between and among various class of shares when the Company issues several classes of shares. Thus, the Company may amend the indication accordingly based on the Company’s circumstances. Paragraphs (2) - (8) (identical to [Standard Type] Paragraphs (2) - (8)).

(Newly Inserted on Jan 16, 2012.)

[Type 3]은 회사 또는 주주가 전환을 청구할 수 있는 방식의 예시입니다.

[Type 3] In case of issuing convertible dividend preferred shares with non-voting right ※ Paragraphs (1) and (7) of [Standard Type] are prescribed as below, and Paragraphs (2) to (6), (8), and (9) remain the same. Article 8-4 (Number and Details of Class of shares - 3) (1) Class (*) of shares to be issued by the Company shall be non-voting convertible dividend preferred shares (hereinafter “Class of Shares”), and the number of such shares to be issued shall be [*] shares.

※ The indication "(*)" in parentheses indicates the distinction between and among various class of shares when the Company issues several classes of shares. Thus, the Company may amend the indication accordingly based on the Company’s circumstances. (2) - (6) (Same as [Standard Type] (2) - (6)). (7)-1 Class of shares may be converted at the discretion of the Company pursuant to the following subparagraphs: 1.

The number of shares to be issued by conversion shall be equal to the number before conversion. 2. The convertible period shall be determined by the resolution of the Board of Directors within the range of more than [*] years but not exceeding [*] years from the date of issuance. However, if the conversion right is not exercised within the conversion period, the conversion shall be deemed to have been completed on the expiration date.

3. The shares to be issued by conversion shall be common shares (or the class of shares in Article [*]). 4. The Class Shares may be converted in any of the following cases : (a) ····················· (b) ····················· (c) ····················· (d) ····················· ※ The reasons for conversion may be determined depending on the Company's circumstances.

For example, if the price of common shares exceeds the price of class shares (e.g., average of 1.3 times the price of the class shares in over a year); if the floating ratio of class of shares over a year is less than 10%; if a specific person acquires [*]% of shares or more; or if there is a concern of a hostile M&A).

※ The company can design and utilize conversion reasons as a means of aligning interests among shareholders, as a defense against hostile M&A, and so on. (7)-2 With respect to the class of shares, the shareholders may claim conversion from the Company under the following subparagraphs:

1. (Same as Subparagraph 1 of (7)-1)

2. (Change “the convertible period” to “the period when conversion may be claimed” in Subparagraph 2 of (7)-1; the rest remains the same)

3. (Same as Paragraph 3 of (7)-1) ※ In [Type 3], Paragraph (7)-1 is applicable to cases in which the Company holds conversion rights, while Paragraph (7)-2 is applicable to cases in which the shareholders have the right to claim conversion. These may be specified as separate Paragraphs or integrated into a single Paragraph.

When incorporated into a single Paragraph, the language shall be “(7) Class of shares may be converted at the discretion of the Company or at the claim of the shareholder under the following Subparagraphs” and “the convertible period” in Subparagraph 2 of (7)-1 shall be amended to “the period when conversion or conversion may be claimed,” while the rest shall remain the same.

However, Subparagraph 4 shall remain as-is since the Company’s exercise of conversion rights occurs only if the reason for the conversion arises. (8) (Same as Paragraph (8) of [Standard Type]) (Newly Inserted on Jan 16, 2012 and Amended on Jan 5, 2021.)

[Type 4]는 상환식 배당우선주에 관한 예시입니다.

[Type 4] In case of issuing non-voting redeemable dividend preferred shares ※ Paragraphs (1) and (7) shall be prescribed as follows, and Paragraphs (2) to (6) shall remain the same, but Paragraph (8) shall be deleted. Article 8-5 (Number and Details of Class of shares - 4) (1) Class (*) of shares to be issued by the Company shall be redeemable dividend preferred shares with

non-voting right (hereinafter “Class of Shares”), and the number of such shares to be issued shall be [*] shares.

※ The indication "(*)" in parentheses indicates the distinction between and among various classes of shares that the Company issues. Thus, the Company may amend the indication based on the Company’s circumstances. (2) ~ (6) (Same as [Standard Type] (2) ~ (6)) (7)-1 Class of shares may be redeemed at the discretion of the Company pursuant to the following subparagraphs: 1.

The redemption price shall be the issue price plus an additional amount of [*]% per annum as determined, and the additional amount shall be determined by the Board of Directors at the time of issuance in consideration of dividend rate, market conditions, and other circumstances related to the issuance of the class of shares: Provided, That if there is an intention to make the

redemption price adjustable, the board must specify that the redemption price can be adjusted, the reasons for adjustment, the record date for the adjustment, and the method of adjustment.

※ The additional amount shall be determined based on specific criteria, such as setting a limit on the ratio or defining indicators that can determine the amount, as stated in this Article 2. The redemption period is determined by the Board of Directors within the range from the day immediately following the conclusion of the Annual General Meeting of the fiscal year in which

the issuance date falls to one month after the conclusion of the Annual General Meeting for the fiscal year when [*] years after issuance occurs: Provided, That even if the redemption period has expired, if any of the reasons listed in subparagraph occur, the redemption period will be extended until such reason is resolved.

(a) If redemption is not carried out within the redemption period (b) If preferential dividends have not been completed 3. The Company may redeem the Class of shares in lump sum or in installments: Provided, That in case of redemption in installments, the Company may determine the Class of shares by lottery or on a pro rata basis, and any fractional shares arising from the pro rata method shall not be redeemed.

4. The Company shall publicly notify the acquisition of the shares to be redeemed to the shareholders and the right holders of the shares listed in the register of shareholders 2 weeks prior to the date of acquisition. (7)-2 The shareholders of the Class of shares may request the Company to redeem the Class Shares as follows: 1.

Same as Subparagraph 1 of (7)-1. 2. Same as Subparagraph 2 of (7)-1: Provided, That the term "redemption period" in Subparagraph (a) shall be construed as "redemption request period." 3. Shareholders may request the Company to redeem all the Class of Shares in lump sum or in installments: Provided, That if the Company does not have sufficient distributable profits at the time

of request for redemption, the Company may redeem the Class of Shares in installments, and in case of redemption in installments, the Company may determine the shares to be redeemed by lottery or on a pro rata basis, and any fractional shares arising from the pro rata redemption shall not be redeemed.

4. Any shareholder requesting redemption shall notify the Company of its intention to redeem and the shares to be redeemed at least 2 weeks prior to the intended redemption date. ; Either Paragraph (7)-1 or (7)-2 may be selected and designated as Paragraph (7), or may be divided into separate Paragraphs (Paragraphs (7) and (8)) or combined into Paragraph (7).

(8) The Company may deliver securities (excluding shares of other classes) or other assets, other than cash, in consideration for the acquisition of shares. ; If the consideration for redemption is to be limited to monetary compensation, it is not required to include this Paragraph. (Newly Inserted on Jan 16, 2012)

이어지는 제9조부터 제13조까지는 주권·신주인수권증서의 전자등록, 신주발행, 스톡옵션, 주식명의개서대리인, 주주명부, 기준일을 정합니다.

Article 9 (Electronic Registration of Rights to be Indicated on Shares and Certificates for Preemptive Rights) Instead of issuing share and Certificates for Preemptive rights, this Company shall electronically register the rights that should be indicated on shares and Certificates for Preemptive rights in the electronic registration ledger of an electronic registration agency (Amended on Nov 28, 2018)

Article 10 (Issuance and Allotment of New Shares) (1) When the company issues new shares by resolution of the Board of Directors, it shall be done in accordance with the following subparagraphs. (Amended on Dec 27, 2013)

1. A method that provides shareholders the opportunity to apply for the subscription of new shares in proportion to the number of shares they hold. 2. Within a limit not exceeding [*]% of the total number of issued shares (or the par value total of [*] won), a method that allows for the allocation of new shares to specific individuals (including shareholders of this Company)

for purposes such as introducing new technology or improving financial structure, by methods other than those described in subparagraph 1.

3. Within a limit not exceeding [*]% of the total number of issued shares (or the total sum of par value of [*] won), a method that provides the opportunity to subscribe for new shares to an unspecified number of people (including shareholders of this Company) by methods other than those described in subparagraph 1, and allocates new shares to those who have applied accordingly.

※ The "[*]% of the total number of issued shares" mentioned in any of the subparagraphs of this paragraph is based on the total number of issued shares at the actual time of issuing new shares, calculated by combining the new shares to be issued and the total number of previously issued shares. Also, shares already issued based on any of the subparagraphs are calculated in a cumulative manner, deducted from the limit in the calculation of the next issuance limit.

(Note Amended on Dec 27, 2013) ※ For subparagraph 2 of this paragraph, setting a limit could potentially infringe on the shareholders' preemptive rights to subscribe to new shares if excessively high percentages or amounts are specified. Therefore, it is advised to set the limit to around 20% of the total number of issued and outstanding shares (the total sum of par values is the amount converted into money, equivalent to 20% of the total number of issued shares).

It is also necessary to ensure the necessity, fairness, appropriateness, and proportionality of the new share issuance at the time, even if there is a legal basis in the articles of incorporation. (Note Amended on Feb 4, 2003, Dec 20, 2007, Dec 27, 2013) ※ When setting limits in subparagraphs 2 and 3, limit must be set so that the number of previously issued shares does not exceed the limit after the amendment.

Additionally, transitional measures can be included in the addendum of the Amended A rticles of incorporation so that the number of shares already issued is not deducted from the limit after the amendment but recalculated anew. (Note Newly Inserted on Dec 27, 2013) (2) When allocating new shares in the manner of Paragraph 1, Subparagraph 3, the Board of Directors must allocate the new shares in accordance with one of the following subparagraphs.

(Amended on Feb 4, 2003, Dec 20, 2007, Dec 27, 2013) 1. A method that allocates new shares to an unspecified number of subscribers without classifying the types of subscribers providing the opportunity to apply for the subscription. 2. A method that provides opportunity to subscribing new shares to an unspecified member of people including allotted but unsubscribed shares to the member of employee stock ownership plan according to related laws.

3. A method that gives priority to shareholders to subscribe for new shares and, if there are unsubscribed shares, provides the opportunity to allocate these new shares to an unspecified number of people. 4. A method that allows certain types of individuals to subscribe for new shares according to reasonable criteria set by related laws, such as demand forecasting prepared by investment trader or investment broker as underwriter or intermediary.

(3) In cases where new shares are allocated according to Subparagraphs 2 and 3 of Paragraph 1, the Company must notify shareholders of matters stipulated in Article 416, Subparagraphs 1, 2, 2-2, 3, and 4 of the Commercial Act, at least two weeks before the payment date: Provided, That notification and announcement can be substituted by disclosing Reports on Material Facts to

the Financial Services Commission and Stock exchange in accordance with Article 165-9 of the Financial Investment Services and Capital Market Act.

(Newly Inserted on Jan 16, 2012, Amended on Dec 27, 2013) (4) When issuing new shares by any of the methods in Subparagraphs of P aragraph 1, the type and number of shares to be issued and the issue price shall be determined by a resolution of the Board of Directors. (Newly Inserted on Feb 4, 2003, amended on Dec 20, 2007, Dec 27, 2013) ※ The issue price shall be determined by

the Board of Directors at the time of resolution according to related laws (Regulations on the Issuance and Disclosure of Securities, Article 5-18).

(5) When the Company allocates new shares, if there are shares for which subscription applications have not been made or whose value has not been paid by the due date, the method of handling such shares shall be determined by a resolution of the Board of Directors, in accordance with the appropriateness of the issue price and other relevant laws.

(Newly Inserted on Feb 21, 1997, Amended on Dec 27, 2013) ※ Forfeited shares can be issued if the discount rate on the new share's issue price, as determined by the method set by the Financial Services Commission, is within 40% for the shareholder allocation method, 10% for the third-party allocation method, and 30% for the public offering method, and meets one of the following

conditions: (i) investment traders not in a special relationship with the corporation acquire all the forfeited shares, (ii) allow for over-subscription up to 20% of the allocated shares at the time of shareholder allocation and preferentially allocate forfeited shares to shareholders who have over-subscribed, (iii) issue new shares worth less than 1 billion won without

submitting a registration statement, or (iv) allocate forfeited shares to members of the employee stock ownership association in cases where new shares are not issued to them (according to Article 165-6 paragraph 2 of Financial Investment Services and Capital Markets Act, Article 176-8, Paragraphs 2 and 3 of Enforcement Decree thereof, Regulations on the Issuance and Disclosure of Securities, Article 5-15-2).

(Note Newly Inserted on Dec 27, 2013) (6) The Company shall determine the treatment of fractional shares arising from the allocation of new shares by a resolution of the Board of Directors. (Newly Inserted on Dec 27, 2013) (7) When the Company allocates new shares according to subparagraph 1 of paragraph 1, it must issue certificates of preemptive rights to shareholders.

(Newly Inserted on Dec 27, 2013)

제10-2조는 2003년 2월 4일 삭제되어 표기만 남아 있습니다.

Article 10-2 (Deleted on Feb 4, 2003)

Article 10-3 (Stock Option) (1) The Company may grant stock options to its officers and employees (including the officers and employees of its affiliate companies under Article 30 of the Enforcement Decree of the Commercial Act; the same shall apply hereinafter) by a special resolution of the General meeting of shareholders, to the extent of not exceeding [*]/100 of the total

number of issued and outstanding shares: Provided, That such stock options may be granted by a resolution of the Board of Directors, to the extent of not exceeding [*]/100 of the total number of issued and outstanding shares to the officers and employees except the directors.

Such a case shall be approved by the first general meeting of shareholders to be held after the date of grant of such stock options. Those stock options granted by a special resolution of the general meeting of shareholders or a resolution of the Board of Directors may be linked to the performance of the Company measured by performance targets or capital market index.

(Amended on March 2, 2001, Feb 4, 2003, Feb 4, 2009, and Jan 3, 2013) ※ The affiliate companies defined in the Enforcement Decree of Commercial Act in the main text of paragraph 1 are: (i) a foreign corporation in which the corporation has invested 30% or more of the capital and is the largest investor, (ii) a foreign corporation that has received an investment of 30% or more

of its capital from the foreign corporation described in (i) and another foreign corporation that has received an investment of 30% or more of its capital from the foreign corporation and is the largest investor, (iii) in cases where the company is a financial holding company as defined in the Financial Holding Companies Act, any subsidiary or grandchild company that is not a

listed company: Provided, That corporations in (i) and (ii) are limited to those engaged in production or sales operations that affect the export performance of the company granting the stock options, or conducting research and development activities for the technological innovation of the said company (Article 30, Paragraph 1 of the Commercial Act Enforcement Decree).

(Amended on Feb 4, 2009, Jan 3, 2013) ※ The limit for granting by a special resolution of the shareholders' meeting is 15% of the total number of issued shares (Article 6-3, Paragraph 3 of the Commercial Act Enforcement Decree), and the limit for granting by a resolution of the Board of Directors is based on the capital at the end of the most recent fiscal year: (i) for

corporations with capital of 300 billion won or more, 1% of the total number of issued shares, (ii) for corporations with less than 300 billion won, 3% of the total number of issued shares (Article 3, Paragraph 4 of the Commercial Act Enforcement Decree).

(Amended on Mar 2, 2001, Feb 4, 2003, Feb 4, 2009, Jan 3, 2013) (2) Those eligible for a stock option shall be the person(s) who contribute or are capable of contributing to the Company’s establishment, management, overseas operation or technological innovation, etc. (Amended on Feb 10, 2000, Feb 4, 2003, and Feb 4, 2009) (3) The share (in cases where the difference between the

exercise price of the stock options and the fair value is paid in cash or treasury shares, “the share” refers to the share which is the basis for calculating that difference) to be provided through the exercise of stock options shall be determined by the shareholders' meeting or the resolution of Board of Directors granting stock options, among the shares referred to in Article

8. (4) The number of officers and employees who are eligible for stock options hereunder shall not exceed [*]/100 of the total number of officers and employees then in office in the Company or being employed by the Company and the number of shares covered by a stock option that may be granted to an officer or employee of the Company shall not exceed [*]/100 of the total number of issued shares.

(Amended on February 10, 2000) (5) The per-share exercise price of the shares to be acquired shall exceed a price falling under any of the following subparagraphs, and this Paragraph shall also apply to where the relevant exercise price is adjusted subsequently after the grant of the stock options: (Amended on February 10, 2000 and February 4, 2009.) 1.

In cases of issuing and delivering new shares, the higher amount of the following prices: (a) The substantial price of such shares as of the date of granting the stock option, or (b) The face value of relevant shares. 2. In the cases of transferring the treasury shares, their substantial price as of the date of granting the stock option.

※ The Commercial Act requires that matters concerning the exercise price and its adjustment be determined by a special resolution of the shareholders' meeting (Article 340-3, Paragraph 2, Subparagraph 3) (Notes Amended on February 10, 2000, and February 4, 2009) (6) Stock option can be exercised within [*] years from the day [*] years elapsed since the resolution date mentioned in paragraph

1. (Amended on Mar 2, 2001) ※ Stock options can be exercised only after a minimum of two years have passed since the resolution date, during which the individual must have remained in office or employment (Article 542-3, Paragraph 4 of the Commercial Act). (Note Amended on Jan 27, 2004, Feb 4, 2009) ※ If the expiration date of the stock options' exercise period is set as the

date of resignation or retirement of the employee or director, an additional exercise period of at least three months must be provided from that day if the resignation or retirement was not due to the individual's fault (Article 30, Paragraph 7 of the Commercial Act Enforcement Decree).

(Note Newly Inserted on Feb 10, 2000, Amended on Feb 4, 2009, Jan 3, 2013) (7) Individuals who received stock options must remain in office or employment for at least two years from the resolution date mentioned in paragraph 1 to exercise them. However, if the individual who received stock options dies or resigns or retires within two years from the resolution date for reasons not attributable to their own fault, they can exercise the stock options during the exercise period.

(Newly Inserted on Feb 10, 2000, mended on Jan 3, 2013) (8) In any of the following cases, the grant of a stock option may be cancelled by a resolution of the Board of Directors: (Amended on February 10, 2000, and February 4, 2009.) 1. If the grantee thereof retires and resigns voluntarily from the Company after the grant of such a stock option; (Amended on March 2, 2001.) 2.

If the grantee has inflicted substantial damages to the Company by intention or negligence; (Amended on March 2, 2001, and February 4, 2009.) 3. If the Company is unable to accept the exercise of such a stock option, due to the Company’s bankruptcy, dissolution or otherwise; or (Newly Inserted on March 2, 2001.); 4.

If other cancellation reasons stipulated in the stock option grant agreement occur. (Amended on February 10, 2000.) (Newly Inserted on February 21, 1997.)

Article 10-4 (Equal Distribution of Dividends) This Company shall distribute dividends equally to all shares of the same class issued (including those converted) as of the dividend record date, regardless of the issue date. (Amended on Jan 5, 2021)

Article 11 (Transfer Agent) (1) The Company shall appoint a transfer agent (hereinafter "Transfer Agent") in relation to the transfer of its shares. (2) The Transfer Agent, its office, and the scope of services to be provided by the Transfer Agent on behalf of the Company shall be determined by a resolution of the Board of Directors.

(Amended on January 22, 2010) (3) The register of shareholders or a copy thereof shall be kept at the office of the Transfer Agent. The Transfer Agent shall deal with the electronic registration of shares, management of the register of shareholders, and other share-related matters. (Amended on November 28, 2018) (4) The procedure for dealing with such matters referred to in Paragraph (3) above shall be subject to the relevant business regulations of the Transfer Agent.

(Amended on January 17, 1996, February 4, 2009, and January 5, 2021) Article 12 (Preparation and Retaining of Register of Shareholders) (1) If the Company receives a notice of the details of shareholders from an electronic registration authority, the Company shall prepare and keep a register of shareholders specifying the notified matters and the date of such notification.

(2) If there is any change in the status of the shareholders (including specially related persons) who own 5 percent or more of the Company’s equity interest or, in other necessary cases, the Company may request an electronic registration authority to prepare a register of shareholders. (3) The Company shall prepare the register of shareholders in the form of an electronic document.

(Newly Inserted on January 5, 2021) ※ The Company that intends not to prepare the register of shareholders in the form of an electronic documents may delete Paragraph (3) above. (Note Newly Inserted on January 5, 2021)

Article 13 (Record Date) (1) The Company shall deem those shareholders whose names appear in the register of shareholders as of January [*] of each year, to be the shareholders who are entitled to exercise their rights as shareholders at the ordinary general meeting of shareholders to be convened for such fiscal year ※ The record date specified in Paragraph (1) assumes a

corporation with a fiscal year ending in December 31th: Provided, That it is possible to set different dates, such as a day in February [date], not in January or at the fiscal year-end.

It is also permissible to determine the record date by a resolution of the Board of Directors for each ordinary general meeting if not specified in the articles of incorporation. If the record date is established by the articles of incorporation or the Board of Directors, an ordinary general meeting must be convened within three months from that date.

(Note Newly Inserted on Jan 5, 2021) ※ If a company with a December fiscal year-end wishes to hold its ordinary general meeting more than three months after the end of the fiscal year, in April or later, it must amend (i) the regulations regarding the record date, (ii) the provisions in the articles of incorporation that stipulate the timing of the ordinary general meeting to

be within three months after the fiscal year-end, AND (iii) the provisions that set the fiscal year-end as the dividend record date.

(Note Newly Inserted on Nov 28, 2018, and Amended on Jan 5, 2021, Feb 8, 2023) (2) The Company may designate shareholders to exercise their voting rights who are listed in the register of shareholders on a date determined by the Board of Directors' resolution for convening an extraordinary general meeting or when necessary.

Additionally, the company must announce this fact two weeks prior to the determined date as per the resolution of Board of Directors. (Newly Inserted on Nov 28, 2018, and Amended on Jan 5, 2021.)

4. 제3장 사채 — 전환사채·신주인수권부사채·상환전환우선주

제3장은 사채(제14조), 전환사채(제14-2조), 신주인수권부사채(제15조), 사채의 전자등록(제15-2조), 준용 규정(제16조)으로 구성됩니다.

CHAPTER III. BONDS Article 14 (Issuance of Bonds) (1) A Company may issue bonds by the resolution of the Board of Directors. (2) The Board of Directors may determine the amount and type of bonds and delegate the representative director with the issuance of such bonds within a period not exceeding 1 year.

※ If the Board of Directors delegates the issuance of bonds to the representative director, the Board of Directors may prescribe additional terms such as issuance conditions and repayment period in addition to those prescribed in Paragraph (2) above. ※ A company that has adopted the executive officer system should substitute the word "representative director" with "representative executive officer." (Newly Inserted on Feb 10, 2001, and Amended on Jan 16, 2012)

Article 14-2 (Issuance of Convertible Bonds) (1) The Company may issue convertible bonds to any person(s) other than shareholders by the resolution of the Board of Directors if it falls under any of the following paragraphs. (Amended on Feb 10, 2000, Dec 20, 2007, and Dec 27, 2013) 1. If the total sum of par value of the bonds is within a [*] KRW and is necessary for

introducing new technology, improving financial structure, or other managerial objectives, the company may issue convertible bonds by offering bond subscription opportunities to specified individuals (including shareholders of this company) using methods other than those specified in Article 10, Paragraph 1, Subparagraph 1.

2. If the total sum of par value of the bonds is within a certain amount, the company may issue convertible bonds by offering bond subscription opportunities to an unspecified number of individuals (including shareholders of this company) using methods other than those specified in Article 10, Paragraph 1, Subparagraph 1, and allocate bonds to those who subscribe.

※ In the case of Subparagraph 1, even if a limit is established, specifying excessively high ratios or large amounts may infringe upon the preemptive rights of shareholders to new shares. Therefore, it is advised that when setting a limit, the total sum of par values of the bonds should be approximately equivalent to 20% of the total number of issued shares, converted into monetary terms.

(Note Newly Inserted on Feb 10, 2000., Amended on Dec 20, 2007., Dec 27, 2013) ※ If the Company prescribes a limit in Subparagraphs 1 and 2 of this Paragraph, the total sum of par values of bonds which are already issued before the amendment due to falling under any of each Subparagraph shall be deducted from the limits that are set after the amendment.

In this case, the total sum of par values of bonds that are already issued should be set so as not to exceed the limits that are set after the amendment. In addition, the Company may prescribe that the total sum of par values of bonds that are already issued shall be newly calculated without deducting from the limit which is set after the amendment by setting transitional measures in the Addendum of its amended articles of incorporation.

(Note Newly Inserted on Dec 27, 2013) (2) If bonds are allocated in the manner specified in Subparagraph 2 of Paragraph 1, the Board of Directors must allocate the bonds according to one of the following methods: (Amended on Dec 27, 2013) 1. A method that allocates bonds to an unspecified number of subscribers without classifying the types of those offered the opportunity to subscribe.

2. A method that primarily provides shareholders the opportunity to subscribe for bonds, and if there are unsubscribed bonds, provides the opportunity to allocate these bonds to an unspecified number of people. 3. A method that allows specific types of individuals to subscribe for bonds based on reasonable criteria defined by related regulations, such as demand forecasts prepared by investment trader or investment broker acting underwriter or intermediary.

(3) In the case of the convertible bonds mentioned in Paragraph 1, the Board of Directors may issue them with the condition that conversion rights are granted only for part of them. (Amended on Dec 27, 2013) (4) The shares issued upon conversion shall be specified as [*] shares, and the conversion price shall be the par value of the shares or higher, as determined by the Board of Directors at the time of issuing the bonds.

(Amended on Dec 27, 2013) ※ If the company wishes to issue various class of shares due to the conversion request of convertible bonds, it can be stipulated as follows: (Note Newly Inserted on Feb 10, 2000., Note Amended on Jan 16, 2012) Ex) The shares issued upon conversion shall be ordinary shares for an amount of [*] won from the total par value of the bonds, and class of

shares as specified in Articles [*] to [*], with the conversion price being the par value of the shares or higher as determined by the Board of Directors at the time of bond issuance.

※ If the company issues no-par value shares, this Article should be amended to: "The shares issued upon conversion shall be specified as [*] shares, and the conversion price shall be determined by the Board of Directors at the time of bond issuance." (Note Newly Inserted on Jan 16, 2012) (5) The period during which conversion can be requested is from [*] months (or [*] days) after the issuance date of the bond and extends until the day before the redemption date.

However, within this period, the conversion request period can be adjusted by a resolution of the Board of Directors. (Amended on Dec 27, 2013) (6) As for new shares to be issued as a result of conversion, the Company shall only pay the interest that has become due before the conversion. (Amended on Jan 17, 1996, Dec 27, 2013, and Jan 5, 2021) ※ If, in the case of a fall in

their market price, the Company can adjust the conversion price of convertible bonds to less than 70/100 of their original conversion price at the time of issuance thereof, the Company must include an additional provision in the articles of incorporation, as follows: (Article 5-23 of the Regulation on Securities Issuance and Disclosure.) 1) If such adjustment is to be allowed

based on a provision in the articles of incorporation; Ex) The Board of Directors may issue convertible bonds based on the shareholders’ ownership ratios, provided that the total sum of par values of the bonds does not exceed [*] billion KRW or in cases where convertible bonds are issued due to reasons outlined in Subparagraph [*] of Paragraph [*], following a market price downturn, the Board of Directors may set the minimum limit for the adjusted conversion price to [*] KRW.

2) If the articles of incorporation delegate the authority to a special resolution of the shareholders’ meeting; Ex) The Company may set the minimum limit for the adjusted conversion price following a market price downturn to less than 70% of the conversion price at the time of the issuance of convertible bonds, as determined by a special resolution of the shareholders' meeting.

(Note Newly Inserted on Feb 4, 2003, and Amended on Jan 27, 2004, and Feb 4, 2009)

Article 15 (Issuance of Bonds with Warrants) (1) This company may issue bonds with warrants to persons other than shareholders by resolution of the Board of Directors under any of the following circumstances: (Amended on Feb 10, 2000, Dec 20, 2007, Dec 27, 2013) 1. Within the range of total par value of the bonds not exceeding [*] won, if is necessary for introducing new

technology, improving financial structure, or achieving other management objectives, the company may issue bonds with warrants by offering bond subscription opportunities to specified individuals (including shareholders of this company) using methods other than those specified in Article 10, Paragraph 1, Subparagraph 1.

2. Within the range of the total par value of the bonds not exceeding [*] won, the company may provide a subscription opportunity for bonds to an unspecified number of individuals (including the company's shareholders) using methods other than those specified in Article 10, Paragraph 1, Subparagraph 1, and in cases where the company issues bonds with warrants by allocating bonds to those who have subscribed in response to this offer.

※ In the case specified in Subparagraph 1, even if limits are set, specifying excessively high percentages or large amounts could potentially infringe on the shareholders' preemptive rights to new shares. Therefore, it is recommended that when setting limits, the total par value of the bonds should be approximately equivalent to no more than 20% of the total number of issued shares, converted into monetary terms.

(Note Newly Inserted on Feb 10, 2000, Amended on Dec 20, 2007, and Dec 27, 2013) ※ When setting limits under Subparagraphs 1 and 2, the total par value of bonds already issued due to reasons before the amendment should be deducted from the limits set after the amendment. It must be ensured that the total par value of the previously issued bonds does not exceed the newly set limits.

Additionally, transitional measures may be included in the addendum of amended articles of incorporation to allow for the total par value of previously issued bonds not to be deducted from the new limits but recalculated as a new provision. (Note Newly Inserted on Dec 27, 2013) (2) If the bonds are issued pursuant to Subparagraph 2 of Paragraph (1) above, the allocation of such

bonds shall be in accordance with any of the following methods by a resolution of the Board of Directors (Amended on Dec 27, 2013): 1.

By offering bonds to an unspecified number of the general public, without setting any criteria of eligible person(s) to subscribe to the bonds; 2. By granting the priority right to subscribe to the bonds to the shareholders and, in case of any unsubscribed bonds, by granting the right to subscribe to such bonds to an unspecified number of the general public; or 3.

By granting the right to subscribe to the bonds to certain types of person(s) pursuant to reasonable criteria prescribed by the relevant law, including a forecast of demand by an investment trader of an investment broker as an underwriter or an agent. (3) The amount within which a holder of such bonds with warrant is entitled to request issuance of new shares shall be

determined by the Board of Directors, to the extent of not exceeding the total sum of par values of such bonds.

(Amended on December 27, 2013) (4) The shares to be issued as a result of the exercise of such preemptive rights to new shares hereunder shall be [*] shares and the applicable price thereof shall be determined by the Board of Directors at the time of issuance thereof at an amount equal to or higher than the par value of such new shares.

※ If the Company intends to issue various class of shares through the exercise of such preemptive rights to new shares, the Company may do so by referring to the above example of convertible bonds. (Note Newly Inserted on Jan 16, 2012) ※ If the Company issues no-par shares, this Paragraph shall instead state, “shares to be issued as a result of the exercise of such preemptive

rights to new shares hereunder shall be [*] shares, and the applicable issue price shall be determined by the Board of Directors at the time of issuance of such bonds.” (Note Newly Inserted on Jan 16, 2012) (5) The period during which warrants may be exercised hereunder shall commence on the day when [*] months (or [*] days) have elapsed from the date of issuance thereof and

end on the day immediately preceding the maturity date thereof; provided, however, that such exercise period may be adjusted by a resolution of the Board of Directors within the aforementioned period.

(Amended on December 27, 2013.) (6) (Deleted on January 5, 2021) ※ In order for the Company to be able to adjust the warrant exercise price (the "Exercise Price") in case of a fall in the market price of the bonds to less than 70/100 of their original Exercise Price, the Company must include an additional provision in its articles of incorporation in accordance with the below: (Article 5-24 of the Regulation on Securities Issuance and Disclosure): 1.

If such adjustment is to be permitted based on a provision in the Company’s articles of incorporation; Ex) If the Company issues bonds with warrant, in proportion to the respective shareholdings of its shareholders, to the extent that their total sum of par values does not exceed [*] hundred million KRW or issues such bonds with warrant due to a cause under Subparagraph [*] of

Paragraph [*] above, the Board of Directors may set the minimum Exercise Price (as adjusted as a result of a fall in the market price of such bonds with warrant) to [*] KRW.

2. If the Company’s articles of incorporation require a special resolution of the general meeting of shareholders for the adjustment of Exercise Price. Ex) By a special resolution of a general meeting of shareholders, the Company may set the minimum Exercise Price (as adjusted as a result of a fall in the market price of such bonds with warrant) to less than 70/100 of their original Exercise Price.

(Note Newly Inserted on Feb 4, 2003 and amended on Feb 2, 2004 and Feb 4, 2009)

Article 15-2 (Electronic Registration of Bonds and Rights to Be Indicated on Bond Certificates and Preemptive Right Certificates) Instead of issuing the bond certificates and preemptive right certificates, the Company shall electronically register the rights to be indicated on bond certificates and preemptive right certificates with the electronic registration ledger of an

electronic registration authority: Provided, That in case of bonds, the Company may not electronically register the rights, except for the listed bonds for which electronic registration is mandated by applicable statutes.

(Newly Inserted on November 28, 2018 and Amended on January 5, 2021.) ※ As the issuance of convertible contingent capital bonds by the Company would generally be considered to be included in the bonds issued by the Company, no separate provisions shall be needed in its articles of incorporation. However, if the Company prescribes the reason for the issuance of convertible

contingent capital bonds in its articles of incorporation, the Company may include the applicable provision regarding the electronic registration of convertible contingent capital bonds in this Provision, taking into consideration a balanced approach with the relevant provision.

(Note Newly Inserted on Nov 28, 2018)

Article 16 (Application of Provisions Concerning Issuance of Bonds) The provisions of Article 11 hereof shall apply mutatis mutandis to the issuance of bonds. (Amended on Jan 17, 1996, Nov 28, 2018) ※ The Company may issue convertible contingent capital bonds within a certain range pursuant to bonds specified in Articles 176-12 and 176-13 of the Enforcement Decree of the

Financial Investment Services and Capital Markets Act, which are different from the types of bonds specified under Articles 469(2), 513, and 516-2 of the Commercial Act.

(Note Newly Inserted on Dec 27, 2013) 1. For issuance of convertible contingent capital bonds, the Company shall include the following matters in its articles of incorporation: 1) Statement (and explanation) of the Company’s ability to issue convertible contingent capital bonds; 2) Total amount of convertible contingent capital bonds; 3) Conditions of conversion; 4) Types and

contents of stocks to be issued by conversion; 5) An explanation of the preemptive rights of convertible contingent capital bonds provided to shareholders, and the amount of convertible contingent capital bonds subject to such preemptive rights; and 6) Statement of the Company’s ability to issue convertible contingent capital bonds to persons other than its shareholders, and the amount of convertible contingent capital bonds that may be issued to such non-shareholders.

2. In the case of write-down contingent convertible bonds, the Company shall prescribe the following matters in its articles of incorporation. 1) Statement of the Company’s ability to issue write-down contingent convertible bonds; 2) Total amount of write-down contingent convertible bonds; 3) Conditions that may mitigate the Company’s obligation to redeem bonds and pay

interests thereof (hereafter "Debt Readjustment"); and 4) Changes made to the write-down contingent convertible bonds as a result of the Debt Readjustment.

5. 제4장 주주총회 — 소집·소집권자·소집통지

제4장은 주주총회의 소집(제17조), 소집권자(제18조), 소집 통지·공고(제19조)를 정합니다.

CHAPTER IV. GENERAL MEETING OF SHAREHOLDERS Article 17 (Convocation of General Meeting of Shareholders) (1) The Company’s general meeting of shareholders shall consist of ordinary general meetings and extraordinary general meetings. (2) The ordinary general meetings shall be convened within 3 months from the record date specified in Article 13(1) hereof and extraordinary general meeting may be convened as necessary.

(Amended on Jan 5, 2021) (Newly Inserted on Nov 28, 2018) ※ Even if the Company changed its record date for the exercise of voting rights for the ordinary general meeting to a date other than the end of the fiscal year, if the record date for dividend payment is set as the end of the fiscal year (or a date different from the record date for exercise of voting rights), the

ordinary general meeting shall be held within 3 months from the earlier of the record date for dividend payment and the record date for the exercise of voting rights.

However, in cases where any dividend of profit is determined by the Board of Directors, an ordinary general meeting may be held within 3 months from the record date for exercise of voting rights rather than the end of the fiscal year. (Note Newly Inserted on Jan 5, 2021)

Article 18 (Person Authorized to Convene General Meeting of Shareholders) (1) Unless otherwise provided by relevant laws and regulation, all general meetings of shareholders shall be convened by the Representative Director of the Company pursuant to the resolution of Board of Directors. (2) If the Representative Director is absent or unable to execute his/her duties, the provisions of Article 34(2) hereof shall apply mutatis mutandis.

※ If the Company appoints multiple Representative Directors, it is desirable to specify them as "Representative Director Chairperson" or "Representative Director President." (Note Newly Inserted on November 28, 2018) ※ A Company that has adopted the executive officer system shall change "Representative Director" under Paragraph1 to "Representative Executive Officer," and shall amend the above Paragraph (2) anew in accordance with the Company's circumstances.

(Note Newly Inserted on Jan 16, 2012, and Amended on Nov 28, 2018)

Article 19 (Individual and Public Notice of General Meeting of Shareholders) (1) In convening a general meeting of shareholders, the Company shall give a written notice or an electronic notice to each shareholder of the date, time, and place of the meeting and the agenda of the meeting, at least 2 weeks prior to the date set for such meeting.

(Amended on Feb 4, 2003) (2) A notice of convocation of a general meeting of shareholders under Paragraph 1 to shareholders holding 1 percent or less of the total number of issued and outstanding voting shares may be substituted by a public notice of the intention to convene such meeting and the agenda of the meeting, at least 2 weeks prior to the date set for such meeting, at

least twice in [*] Newspaper and [*] Newspaper published in Seoul, or on Electronic Disclosure System operated by the Financial Supervisory Services (FSS) or the Korea Exchange (KRX).

(Amended on Feb 4, 2003, and Feb 4, 2009) (3) (Deleted on March 2, 2001.) ※ When the Company gives a public notice of a general meeting of shareholders held for the purpose of appointing directors or statutory auditors, the Company shall notify name, brief personal history, and references of candidates, etc., for the directors or statutory auditors.

(Article 542-4 Paragraph 2 of the Commercial Act) (Note was Newly Inserted on March 2, 2001, and Amended on Feb 4, 2009. ※ When the Company gives a public notice regarding the convocation of a general meeting of shareholders, such notice must include information such as: the activities and salaries of its outside directors, an outline of the business, or publish such information on the Company's website and keep it at a designated location.

(Article 542-4 Paragraph 3 of the Commercial Act and Article 31 of the Enforcement Decree of the Commercial Act.) (Note Newly Inserted on March 2, 2001 and Amended on Feb 4, 2009, and Jan 3, 2013)

6. 제4장 주주총회 — 개최 장소부터 의결 방법까지 (Article 20~28)

이 장은 주주총회의 개최 장소, 의장, 의결권 행사 방법, 결의 요건, 의사록까지 주주총회 운영 전반을 정한 조항들입니다.

Article 20 (Place of General Meeting of Shareholders) The general meeting of shareholders shall be held at the head office of the Company or any other place adjacent thereto as necessary. ; When the Company has its head office located in a provincial area, and it intends to hold a General Meeting of Shareholders in a specific city, the Company may add such a place to Article

20, as follows: Ex) The general meeting of shareholders may be held in [ name of the city ], in addition to the head office or any other place adjacent thereto.

Article 21 (Chairman of General Meeting of Shareholders) (1) The Company’s representative director shall serve as the Chairman of the general meeting of shareholders. (2) If the representative director is absent or unable to perform his/her duties, any person otherwise designated by a resolution of the general meeting of shareholders shall serve as the Chairman; provided, however, that if there is no such person, Article 34(2) shall apply mutatis mutandis.

(Amended on Nov 28, 2018) ※ If the Company has appointed multiple representative directors, it is advisable to specify them as "representative director chairperson" or "representative director president." (Note Newly Inserted on Nov 28, 2018.) ※ If the Company has adopted the executive officer system, it shall replace “representative director" under Paragraph 1 above with

"representative executive officer," and shall set forth a new provision in Paragraph 2 above according to the company's circumstances.

(Note Newly Inserted on Jan 16, 2012 and Amended on Nov 28, 2018)

의장 조항 다음은 의장의 질서 유지 권한과 주주들의 의결권 규정이 이어집니다.

Article 22 (Chairman’s Authority to Maintain Order) (1) The Chairman of a general meeting of shareholders may stop a person who significantly disturbs order in such a meeting (including with speech or behavior to interfere with the proceedings of the meeting intentionally) from speaking, or may order such a person to leave the meeting.

(Amended on Feb 10, 2000) (2) The Chairman of a general meeting of shareholders may limit the duration and/or the number of times of speech by each shareholder, whenever the Chairman deems it necessary for smooth proceedings of the meeting. Article 23 (Shareholders’ Voting Rights) Each shareholder shall have 1 vote for each share he/she owns.

Article 24 (Limitation on the Voting Rights of Cross-held Shares) If the Company, its parent company and subsidiary(s), or a subsidiary(s) of the Company owns more than 10 % shares of another company, the shares of the Company held by such other company shall not have voting rights. Article 25 (Split Exercise of Voting Rights) (1) If a shareholder having more than two votes

wishes to split his/her votes at a general meeting of shareholders, the said shareholder shall give the Company notice in writing of his/her intention to do so and the reason therefore at least three 3 days prior to the date set for such a meeting.

(2) The Company may refuse to allow a shareholder to split his/her votes, except for the case where the said shareholder has shares in trust or hold shares on behalf of a third party.

Article 26 (Voting by Proxy) (1) Each shareholder may exercise his/her vote by proxy. (2) In such a case, the proxy shall present to the Company an appropriate document (a power of attorney) evidencing his/her power of representation prior to opening of that meeting. Article 27 (Method of Resolution of General Meeting of Shareholders) Unless otherwise provided in the relevant

laws and regulations, all resolutions of a general meeting of shareholders shall be passed by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders, which shall not be less than a quarter of the total number of issued and outstanding shares of the Company.

(Amended on Jan 17, 1996)

서면투표 제도는 도입 여부에 따라 정관 문안이 갈립니다.

If the Company adopts the voting in Writing ※ In order to introduce the system of voting in writing pursuant to Article 368-3 of the Commercial Act, the provisions as in Article 27-2 below shall be included in the articles of incorporation: Article 27-2 (Exercise of Voting Rights in Writing) (1) Shareholders may exercise their voting rights in writing in lieu of attending the general meeting of shareholders.

(2) The Company shall enclose with the notice of convocation of the general meeting of shareholders the form(s) and other reference information necessary for shareholders to exercise their voting rights. (3) A shareholder who wishes to exercise his/her voting rights in writing shall fill in the form(s) referred to in Paragraph 2 above, as required, and shall submit the said form(s) to the Company no later than the day immediately preceding the opening date of that meeting.

(Newly Inserted on Feb 10, 2002.) If the Company does not adopt the voting in writing ※ If Company does not adopt the system of voting in writing, the Article 27-2 are not required.

Article 28 (Minutes of General Meeting of Shareholders) The proceedings and results of a general meeting of shareholders shall be recorded in minutes, which shall be kept in the head office and branches of the Company after Chairman and all directors present at the meeting have signed or affixed their signatures thereto. (Amended on Jan 17, 1996)

7. 제5장 이사와 이사회 — 선임·해임보다 임기·책임까지 (Article 29~41)

이사의 수와 선임 방법, 임기, 대표이사, 이사의 의무와 책임 면제, 이사회 구성과 결의 방법, 위원회, 보수까지 이사회 관련 조항이 이 장에 모여 있습니다.

Chapter V. Directors and Board of Directors Article 29 (Number of Directors) (1) The Company shall have not less than 3 directors, but not more than [*] directors, and the number of outside directors shall be more than a quarter of the total number of directors. (Amended on Feb 10, 2000 and Nov 28, 2018) (2) Where the number of outside directors fails to meet the quorum

required for the establishment of a Board of Directors set forth in Paragraph 1 above due to any cause, such as resignation or death of any outside director as a member of the Board of Directors, the Company shall appoint other outside directors to ensure that the requirements are met at the first general meeting of shareholders convened after such cause has occurred.

(Newly Inserted on Nov 28, 2018) ※ A listed company, the size of the total assets of which is 2 trillion KRW or more as at the end of its most recent fiscal year, should have 3 or more directors, and should ensure that a majority of the total number of directors in office will be elected as outside directors.

(Article 542-8 (1) of the Commercial Act.) (Note Newly Inserted on Feb 10, 2000, and Amended on March 2, 2001, Jan 27, 2004, and Feb 4, 2009) ※ In cases where the Company does not intend to constitute a member of the Board of Directors with just one gender, the following paragraph may be added (Article 165-20 of the Financial Investment Services And Capital Markets Act).

However, since the enforcement of the relevant provision can be deferred until August 5, 2022, if the Company intends to enforce it accordingly, the Company shall put the separate transitional provisions in the Addendum. “(3) The Board of Directors of the Company shall not constitute the entire board made up of just one gender.” (Note Newly Inserted on Jan 5, 2021) Article 30 (Election of Directors) (1) Directors shall be elected by a general meeting of shareholders.

(Amended on Feb 10, 2000) ※ If the articles of incorporation are amended by adding a provision allowing the Board of Directors to distinguish between inside directors and other directors who are not engaged in the Company’s day-to-day operations (non-executive directors) among the directors specified in paragraph (1) above, the Board of Directors may make a distinction and appointment between inside directors and non-executive directors.

(Note Newly Inserted on November 28, 2018.) (2) Appointment of directors shall be made by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders, which shall not be less than a quarter of the total number of issued and outstanding shares.

(Amended on Jan 17, 1996, and Feb 10, 2000, respectively)

누적투표제도 채택 여부에 따라 문안이 갈라지고, 사외이사 후보추천위원회를 두는 회사는 별도 조항을 둡니다.

If the Company adopts a cumulative voting system ※ If the Company’s articles of incorporation do not include any provision concerning exclusion of a cumulative voting system, then a cumulative voting system under Article 382-2 of Commercial Act shall apply automatically. If the Company does not adopt a cumulative voting system (3) In case 2 or more directors are elected at a

general meeting of shareholders, the cumulative voting system stipulated in Article 382-2 of the Commercial Act shall not apply.

(Newly Inserted on Feb 23, 1999, and Amended on February 10, 2000) If a committee for recommending candidates for outside directors is established Article 30-2 (Recommendation of Candidates for Outside Directors) (1) The committee for recommending candidates for outside directors ("Committee for Recommending Candidates for Outside Directors") shall recommend candidates for

outside director among those persons having such qualifications as set forth in the Act and other relevant laws and regulations.

(Amended on Feb 4, 2009) (2) The details concerning recommendation of candidates for outside directors and screening of their qualifications shall be determined by the Committee for Recommending Candidates for Outside Directors. ※ While a company, the size of the total assets of which is 2 trillion KRW or more, is required to establish a committee to recommend candidates for

outside directors pursuant to Article 542-8 paragraph 5 of the Commercial Act, other companies may also establish and operate such a committee voluntarily.

If a company has established the Committee for Recommending Candidates for Outside Directors, the company may include in its articles of incorporation an additional provision concerning the grounds for recommending candidates for outside directors, as in Article 30-2 hereof. (Note Amended on Feb 4, 2009)

Article 31 (Term of Office) The term of office for directors shall be 3 years: Provided, That such term of office shall be extended until the close of the ordinary general meeting of shareholders convened in respect of the last period for the settlement of accounts comprised in their term of office if their term of office expires after the end of the said last period for the settlement of accounts but before the close of the said meeting of shareholders.

(Amended on Feb 10, 2000) ※ If the Company intends to end the term of office for a director at the ordinary general meeting of shareholders, the term of office of a director may be prescribed as follows: (Newly Inserted on Feb 4, 2009) Example) Article 31 (Term of Office) The term of office for a director shall expire upon the closing of an ordinary general meeting of

shareholders convened in respect of the last period for the settlement of accounts within [*] years after his/her inauguration.

Article 32 (Election to Fill Vacancy of Directors) If there is a vacancy in the number of directors, a director shall be elected at a general meeting of shareholders to fill such a vacancy: Provided, That the foregoing shall not apply if the number of the existing directors in office is not less than the required number of directors provided in Article 29 hereof, and no hindrance is caused to carrying on the Company’s business thereby.

(Amended on March 2, 2001 and Jan 5, 2021) Article 33 (Appointment of Representative Director, etc.) The Company may appoint a representative director, vice president, a few senior managing directors and managing directors, by resolutions of the Board of Directors. (Amended on Jan 16, 2012 and Nov 28, 2018) ※ In cases where titles for executive positions such as the president,

vice president, senior managing directors, and managing directors, among others, are used differently, the Company may modify and use the “executive” position titles used in the Company.

(Note Newly Inserted on Nov 28, 2018) ※ The Company that has appointed executive officers shall prescribe this article as follows: Example) Article 33 (Executive Officers) (1) The Company has representative executive officer(s) and executive officer(s). The number of the representative executive officer and the executive officers, the position, and remuneration shall be determined by the resolution of the Board of Directors.

(2) The representative executive officer(s) and executive officer(s) shall be appointed by the resolution of the Board of Directors. (3) The term of office of a representative executive officer and executive officer shall be extended until the closing of the meeting of the Board of Directors, which is convened first after the closing of an ordinary general meeting of shareholders convened in respect of the last fiscal year within 2 years after his/her inauguration.

(Note Newly Inserted on Jan 16, 2012)

Article 34 (Duties of Directors) (1) The representative director shall represent the Company and direct the Company’s overall business. (Amended on Nov 28, 2018) (2) The vice president, senior managing directors, and managing directors shall assist the representative director (president) and take charge of the Company’s business as determined by the Board of Directors, and, if

the representative director (president) is absent or unable to execute his/her duties, shall act as the representative director in accordance with the order set by the Board of Directors.

(Amended on Jan 16, 2012, and Nov 28, 2018) ※ The Company that has appointed Executive Officers shall prescribe this article as follows: Example) Article 34 (Duties of Representative Executive Officers and Executive Officers) (1) The representative executive officer shall represent the Company and direct the Company’s overall business.

(2) The executive officers shall assist the representative executive officer and take charge of the Company’s business. (3) The representative executive officer, and the executive officer shall report the status of performance of duties to the Board of Directors at least once every 3 months. (4) The representative executive officer, and the executive officer may request

convocation of meeting of the Board of Directors by submitting a written request stating the subject matter of the meeting and the reasons for which it is to be convened to the director who is eligible to convene the meeting.

(Note Newly Inserted on Jan 16, 2012) Article 34-2 (Deleted on January 16, 2012) Article 34-3 (Directors’ Duty to Report) (1) A director shall report the status of executing his/her duties to the Board of Directors at least once every three months. (Newly Inserted on Feb 4, 2003) (2) If a director finds any fact that inflict to substantial loss on the Company, he/she shall immediately report such fact to auditor(s).

(Amended on Feb 4, 2003.) ※ A company that has appointed an Executive Officer shall not be required to prescribe paragraph 1 above, and shall substitute the words “Directors” of paragraph 2 above with "Directors or Executive Officers." (Note Newly Inserted on Jan 16, 2012) ※ A company that has established an audit committee shall prescribe that the report be directed to the Audit Committee.

(Note Newly Inserted on Feb 10, 2000)

삭제된 조문 번호(제34조의2)는 조문 번호 연속성을 위해 그대로 남겨 둡니다.

Article 34-2 (Deleted on January 16, 2012)

Article 34-3 (Directors’ Duty to Report) (1) A director shall report the status of executing his/her duties to the Board of Directors at least once every three months. (Newly Inserted on Feb 4, 2003) (2) If a director finds any fact that inflict to substantial loss on the Company, he/she shall immediately report such fact to auditor(s).

(Amended on Feb 4, 2003.) ※ A company that has appointed an Executive Officer shall not be required to prescribe paragraph 1 above, and shall substitute the words “Directors” of paragraph 2 above with "Directors or Executive Officers." (Note Newly Inserted on Jan 16, 2012) ※ A company that has established an audit committee shall prescribe that the report be directed to the Audit Committee.

(Note Newly Inserted on Feb 10, 2000) Article 35 (Release of Liabilities of Directors and Auditor(s) to the Company) (1) The Company may, by a resolution of the ordinary general meeting of shareholders, release a director or an auditor from liability under Article 399 of the Commercial Act for the amount exceeding [*] times (in cases of outside directors, [*] times) his/her

remuneration (including bonuses and the profit from the exercise of stock option) for the last 1 year prior to the date of the concerned act by the director or auditor.

※ Under Article 400 paragraph 2 of the Commercial Act, the minimum threshold for the reduction of liabilities is set for Directors (Articles 415 shall apply mutatis mutandis to Auditors) at 6 times his/her remuneration and for outside Directors at 3 times his/her remuneration. Therefore, the Company may set a higher threshold than as set forth in the Commercial Act in its articles of incorporation.

(2) If a director or auditor has incurred any loss or damage by intention or gross negligence, and he/she falls under Article 397 (Prohibition of Competition), 397-2 (Prohibition of Appropriation of Company's Opportunities and Assets), or 398 (Transactions between Directors, etc., and Company) of the Commercial Act, Paragraph 1 above shall not apply.

※ If the Company has established an executive officer system, the Company may prescribe this Article by adding “executive officers.” If the Company has established an Audit Committee, the word "auditor" should be deleted. (Note Newly Inserted on Jan 16, 2012)

Article 36 (Deleted on Feb 10, 2000)

제36조 역시 삭제 조문으로 표기되어 있어, 이어지는 이사회 조항은 제37조부터 시작합니다.

Article 37 (Composition of Board of Directors and Convocation of Meetings of the Board of Directors) (1) The Board of Directors shall be composed of directors and make decisions on important matters regarding the Company’s business. (2) A Board of Directors’ meeting shall be convened by each director; provided, that this shall not apply where a director with the authority to convene such meetings has been separately designated by the Board of Directors.

(Amended on Nov 28, 2018) (3) A director with the authority to convene all meetings of the Board of Directors shall give notice of convocation to each director and auditor [*] days prior to the date set for each of such meetings; provided, however, that, if all directors and auditor(s) unanimously consent to holding a meeting of the Board of Directors, the procedure of convening a meeting may be omitted.

(Newly Inserted on Nov 28, 2018) ※ If an audit committee has been established, the word "auditor(s)" should be deleted. (Note Newly Inserted on March 2, 2001) (4) The Chairman of the meeting of the Board of Directors shall be appointed by the Board of Directors. However, where the person who has the authority to convene a meeting of the Board of Directors has been separately

designated by the Board of Directors under the provision to Paragraph 2 above, such director shall be the Chairperson of the meeting.

(Newly Inserted on Feb 10, 2001 and Amended on Nov 28, 2018) Article 38 (Method of Adopting Resolutions of the Board of Directors) (1) The resolution of the Board of Directors shall be adopted in the presence of a majority of directors in office and the affirmative votes of a majority of directors present at the meeting.

However, the resolution of the Board of Directors on the matters under Article 397-2 (Prohibition of Appropriation of Company's Opportunities and Assets) and 398 (Transactions between Directors, etc., and Company) of the Commercial Act shall be adopted in two-thirds or more of the directors. (Amended on Jan 16, 2012) (2) The Board of Directors may allow all or some of the

directors to take part in the adoption of a resolution without presence in person at the meeting by means of a remote communications system that enables all directors' simultaneous transmission and receipt of sounds.

In such a case, the relevant director(s) shall be deemed present at the meeting. (Amended on Feb 10, 2002, and Jan 16, 2012) (3) A director having special interests in any resolution of the Board of Directors shall not exercise his/her voting rights. Article 39 (Minutes of the Meeting of Board of Directors) (1) Minutes shall be prepared for the proceedings of every meeting of the Board of Directors.

(2) The minutes shall include the agenda, procedure and results of the proceedings of the meeting, names of the directors against each resolution and the reasons for their objection thereto, and all directors and auditors present at the meeting shall sign and seal the same or affix their signatures thereto.

(Amended on Jan 17, 1996 and Feb 10, 2002) ※ If an audit committee has been established, the word "auditors" should be deleted. (Note Newly Inserted on March 2, 2001) Article 39-2 (Committees) (1) The Company shall establish committees in the Board of Directors, as described below: 1. [*] Committee 2.

3. 4. ※ A listed company with 2 trillion KRW or more of total assets is required to establish a committee for recommending candidates for outside directors and an audit committee, pursuant to Articles 542-8 paragraph 4 and 542-11 of the Commercial Act. Each committee may be called as follows (Note Newly Inserted on Feb 10, 2000, and Amended on Feb 4, 2009): Example) 1.

Executive Committee 2. Compensation Committee 3. Committee for Recommending Candidates for Outside Directors 4. Audit Committee (2) The details concerning the composition, authority and operation of each of such committees shall be determined by a resolution of the Board of Directors. (3) Articles 37, 38 and 39 hereof shall apply mutatis mutandis to such committees.

(Newly Inserted on Feb 10, 2000)

Article 40 (Remuneration and Retirement Allowances of Directors) (1) Directors’ remuneration shall be determined by a resolution of a general meeting of shareholders. (Amended on Feb 10, 2000) (2) Retirement allowances for directors shall be paid in accordance with the Company’s regulation on severance pay for officers, which shall have been duly approved by a resolution of a general meeting of shareholders.

(Amended on Feb 10, 2000) Article 41 (Consultants and Advisors) The Company may appoint several consultants and advisors by a resolution of the Board of Directors.

8. 제6장 감사와 제7장 감사위원회 — 선택형 조항 (Article 41-2~41-6 / 41-2~41-4)

감사를 두는 회사는 제6장을, 감사위원회를 두는 회사는 제7장을 채택하는 선택형 구성입니다.

If the Company has auditor(s) CHAPTER VI. AUDITOR(S) Article 41-2 (Number of Auditor(s) and Election) (1) The Company shall have not less than 1 auditor, but not exceeding [*] auditor(s), among whom not less than 1 auditor shall be elected as a full-time auditor. (2) Auditor(s) shall be elected in a general meeting of shareholders and resolutions for electing auditor(s) shall

be presented to and adopted by a general meeting of shareholders, separately from those for electing directors.

(Amended on March 2, 2001) (3) Resolutions for electing auditor(s) shall be adopted by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders, and shall not be less than a quarter of the total number of issued and outstanding shares.

However, if the Company determines that a shareholder may exercise his/her voting right by electronic means under Article 368-4 paragraph 1 of the Commercial Act, the election of auditors may be resolved by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders.

(Amended on Jan 5, 2021) (4) If the number of the shares held by any shareholder exceeds 3% of the total number of issued and outstanding shares other than non-voting shares, the said shareholder (if such shareholder is the largest shareholder, for calculating the number of shares held by the largest shareholder, his/her shares, along with those owned by his/her related

person(s), and person(s) specified by the Enforcement Decree on the Commercial Act, shall be added up together) may not exercise his/her voting rights in electing and dismissing auditor(s) with respect to the shares in excess of such 3 percent.

(Newly Inserted on Jan 5, 2021) (Newly Inserted on Feb 10, 2000) Article 41-3 (Term of Office of Auditor(s)) The term of office of auditor(s) shall be until the close of the ordinary general meeting of shareholders convened in respect of the last fiscal period within 3 years after his/her inauguration as auditor.

(Newly Inserted on Feb 10, 2000) Article 41-4 (Election to Fill a Vacancy of Auditor(s)) If there is a vacancy in the number of auditor(s), an auditor shall be elected at a general meeting of shareholders to fill such a vacancy: Provided, That the foregoing provision shall not apply if the number of the existing auditor(s) in office is not less than the number of auditor(s)

provided in Article [*] hereof, and no hindrance is caused to carrying on the Company’s business thereby.

(Newly Inserted on Feb 10, 2000) Article 41-5 (Duties of Auditor(s)) (1) Auditor(s) shall audit the Company’s accounting and general operations. (2) Auditor(s) may attend the meeting of the Board of Directors to state his/her opinion. (Newly Inserted on March 2, 2001) (3) Auditor(s) may, if necessary, request convocation of a meeting of the Board of Directors by submitting to

directors (in cases where there is a person eligible to convene the board, referring to such person; hereafter, the same shall apply in this Article) a written document stating the subject matter of and the reasons for the convocation of the meeting.

(Newly Inserted on Jan 16, 2012.) (4) After making a request under Article paragraph 3, if the directors fail to convene a meeting of the Board of Directors without delay, the auditor who has requested the convocation may convene such meeting. (Newly Inserted on Jan 16, 2012) (5) Auditor(s) may request an extraordinary general meeting of shareholders by submitting to the Board

of Directors a written document stating the subject matter of and the reasons for the convocation of the meeting.

(6) Auditor(s) may request any of the Company’s subsidiaries to make a report on the relevant business, if deemed necessary to perform their duties. In such a case, if the subsidiary fails to immediately make such a report as requested or the auditor(s) deem it necessary to verify the content of the report made by the subsidiary, the auditor(s) shall have the right to inspect the subsidiary’s operations and status of assets.

(7) Auditor(s) may seek assistance from professionals at the expense of the Company. (Newly Inserted on Jan 16, 2012) (Newly Inserted on Feb 10, 2000)

Article 41-6 (Minutes of Audit) Auditor(s) shall prepare minutes of audit with respect to the audit conducted by them. The minutes of audit shall be signed and sealed by, or shall bear the signatures of, the auditor(s) who conducted such audit. (Newly Inserted on Feb 10, 2000) Article 41-7 (Remuneration and Retirement Allowances of Auditor(s)) (1) Auditor(s)’ remuneration shall be determined by a resolution of a general meeting of shareholders.

Resolutions for determining auditor(s)’ remuneration shall be presented to and adopted by a general meeting of shareholders, separately from those for determining directors’ remuneration. (2) Retirement allowances for auditor(s) shall be paid in accordance with the Company’s regulation on severance pay for officers, which shall have been duly approved by a resolution of a general meeting of shareholders.

(Newly Inserted on Feb 10, 2000)

If the Company establishes an audit committee Chapter VII. Audit Committee Article 41-2 (Composition of Audit Committee) (1) The Company shall establish an audit committee ("Audit Committee") pursuant to Article 39-2 hereof, in lieu of auditor(s). (2) The Audit Committee shall be composed of 3 or more directors.

(3) Two-thirds or more of the total number of Audit Committee members shall be outside directors. An Audit Committee member, who is not an outside director, shall meet the qualifications under Article 542-10 paragraph 2 of the Commercial Act. (Amended on Feb 4, 2009) (4) The Company shall appoint members of its audit committee from among the directors appointed by a general meeting of shareholders.

In such cases, one of the Audit Committee members shall be appointed as a director who is also a member of the Audit Committee, separate from the other directors, by a resolution of the general meeting of shareholders. (Newly Inserted on Jan 5, 2021) ※ If the Company intends to appoint two or more directors who are as members of the Audit Committee separate from other directors, the Company shall specify the number by amending Paragraph 4 above.

(Note Newly Inserted on Jan 15, 2021) (5) Resolutions for electing the members of the Audit Committee shall be adopted by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders, which shall not be less than a quarter of the total number of issued and outstanding shares.

However, if the Company determines that a shareholder may exercise his/her voting right by electronic means under Article 368-4 paragraph 1 of the Commercial Act, the election of the members of the Audit Committee may be resolved by the affirmative votes of a majority of the shares represented by the shareholders present at the general meeting of shareholders.

(Amended on Jan 5, 2021) (6) The members of the Audit Committee may be removed from office by a resolution adopted at a general meeting of shareholders under Article 434 of the Commercial Act. In such case, the members of the Audit Committee in accordance with the provision to Paragraph 4 above shall lose the position as both the director and the Audit Committee member.

(Newly Inserted on Jan 5, 2021) (7) If the number of the shares held by any shareholder exceeds 3 % of the total number of issued and outstanding shares other than non-voting shares, the said shareholder (if such shareholder is the largest shareholder, for calculating the number of shares held by the largest shareholder, his/her shares, along with those owned by his/her related

person(s), and other person(s) specified by the Enforcement Decree on the Commercial Act, shall be added up together) may not exercise his/her voting rights on the shares in excess of such 3% when electing and dismissing the members of Audit Committee who is not an outside director.

(Newly Inserted on Jan 5, 2021) (8) By a resolution, the Audit Committee shall, from among its members, appoint the person who will represent the Audit Committee, where the Chairman shall be an outside director. (Amended on March 2, 2001 and Jan 5, 2021) (9) Where the number of outside directors fails to meet the quorum required for the establishment of an audit committee set

forth in this Article due to any cause such as resignation or death of any outside director, the Company shall ensure that the requirements are met at the first general meeting of shareholders convened after such cause has occurred.

(Newly Inserted on Nov 28, 2018 and Jan 5, 2021) (Newly Inserted on Feb 10, 2000) ※ If a listed company, the size of the total assets of which is 100 billion KRW or more intends to establish an Audit Committee, the company shall abide by the Audit Committee system of the special cases for listed companies: Provided, That if a listed company with the total amount of assets less

than 100 billion KRW, which has no obligation to adopt a full-time auditor system, intends to establish an Audit Committee by Article 415-2 of the Commercial Act, the company may prescribe by amending the provision regarding the grounds for establishing the Audit Committee as follows: (Amended on Jan 16, 2012) Example) Article 41-2 (Composition of Audit Committee) (1) The

Company shall establish an audit committee ("Audit Committee") pursuant to Article 39-2 hereof, in lieu of auditor(s).

(2) The Audit Committee shall be composed of 3 or more directors, and 2/3 or more of the total number of Audit Committee members shall be outside directors. (3) The resolution of the Board of Directors on the appointment of the members of the Audit Committee shall be adopted in the presence of a majority of directors in office and the affirmative votes of a majority of directors present at the meeting.

However, a resolution of the Board of Directors on the dismissal of the members of the Audit Committee shall require the concurrent vote of at least two-thirds of the total number of directors. It may also do so with the appointment and dismissal of a member of the Audit Committee who is not an outside auditor.

(Amended on May 18, 2009) (4) By a resolution, the Audit Committee shall, from among its members, appoint the person who will represent the Audit Committee. (5) Where the number of outside directors fails to meet the quorum required for the establishment of an audit committee set forth in this Article due to any cause such as resignation or death of any outside director as

member of the audit committee, a company shall ensure that the requirements are met at the first general meeting of shareholders convened after such cause has occurred.

(Newly Inserted on Nov 28, 2018) (Note Newly Inserted on Feb 4, 2009)

Article 41-3 (Duties of Audit Committee) (1) The Audit Committee shall audit the Company’s accounting and general operations. (2) The Audit Committee may demand convocation of a meeting of the Board of Directors by submitting to the directors (in cases where there is a person eligible to convene the board, referring to such person; hereafter, the same shall apply in this

Article) a written request which states the agenda of the meeting and the reasons for which it is to be convened as necessary.

(Newly Inserted on Jan 16, 2012) (3) After making a request under Paragraph 2 above, if the directors fail to convene a meeting of the Board of Directors without delay, the Audit Committee that has requested the convocation may convene such meeting. (Newly Inserted on Jan 16, 2012) (4) The Audit Committee may demand an extraordinary general meeting of shareholders by submitting

to the Board of Directors a written request stating the agenda of the meeting and the reasons for which it is to be convened.

(5) The Audit Committee may request any of the Company’s subsidiaries to make a report on its operations, if deemed necessary to perform its duties. In such a case, if the subsidiary fails to immediately make such a report as requested or the Audit Committee deems it necessary to verify the content of the report made by the subsidiary, the Audit Committee shall have the right to inspect that subsidiary’s operations and status of assets.

(6) The Audit Committee shall elect an outside auditor of the Company. (Amended on Mar 2, 2001 and Nov 28, 2018) (7) In addition to the matters in Paragraphs 1 through 6 above, the Audit Committee shall deal with the matters delegated to it by the Board of Directors. (Amended on Jan 16, 2012) (8) The Board of Directors may not reconsider the resolutions of the Audit Committee.

(Newly Inserted on Feb 4, 2009) (9) The Audit Committee may seek assistance from professionals at the expense of the Company. (Newly Inserted on Jan 16, 2012) (Newly Inserted on February 10, 2000) Article 41-4 (Audit Records) The Audit Committee shall prepare audit records with respect to the audit conducted by it.

The audit records shall be signed and sealed by or shall bear the signatures of, the Audit Committee members who conducted such audit. (Newly Inserted on Feb 10, 2000)

9. 제8장 회계 — 재무제표 승인 주체에 따른 두 가지 문안 (Article 42~43-2)

재무제표를 주주총회에서 승인하는지 이사회에서 승인하는지에 따라 제43조 문안이 두 종류로 제시되어 있습니다.

CHAPTER VIII. ACCOUNTING Article 42 (Fiscal year) The fiscal year of the Company shall commence on [month] [day], and end on [month][day] of each year. (Amended on Jan 17, 1996)

If the financial statement is to be approved at the general meeting of shareholders Article 43 (Preparation and Maintenance of Financial Statements and Business Report-1) (1) The representative director of the Company shall prepare and submit to auditor(s) for audit the following documents and their supplementary schedules, together with a business report, 6 weeks prior to the

date set for the ordinary general meeting of shareholders to which such documents are related and, upon auditor(s)’ audit, shall present the aforementioned documents and the business report at the ordinary general meeting of shareholders: 1.

Balance Sheet; 2. Income Statement; and 3. Other documents prescribed by the Enforcement Decree of the Commercial Act for representing the financial status and management performance of the Company (Amended on Jan 16, 2012, and Nov 28, 2018) (2) If the Company falls under companies which are subject to prepare consolidated financial statements prescribed by the Enforcement

Decree of the Commercial Act, the consolidated financial statements shall be included in each document referred to in Paragraph 1 above.

(Newly Inserted on Jan 16, 2012) (3) Auditor(s) shall submit an audit report to representative director at least by 1 week prior to the date set for such ordinary general meeting of shareholders. (Amended on Feb 21, 1997, and Nov 28, 2018) ※ In Paragraphs 1 and 3 above, a company having established an audit committee should substitute the word “auditor(s)” with "Audit

Committee." (Note Newly Inserted on Feb 10, 2001, and Amended on Jan 16, 2012) (4) The representative director shall maintain the documents referred to in Paragraph 1 above and the audit report in the head office of the Company for 5 years, and their copies in the branch office(s) of the Company for 3 years, starting from 1 week prior to the date set for the ordinary general meeting of shareholders.

(Amended on Jan 16, 2012, and Nov 28, 2018.) (5) Upon approval of the ordinary general meeting of shareholders with respect to the documents referred to in Paragraph (1) above, the representative director shall promptly make a public notice of the Company’s balance sheet and outside auditor’s opinion.

(Amended on Jan 16, 2012, and Nov 28, 2018) ; A company that has established an executive officer system should substitute the word “representative director” in this Article with “executive officer.” (Amended on Jan 16, 2012, and Nov 28, 2018)

If the financial statement is to be approved by the Board of Directors Article 43 (Preparation and Maintenance of Financial Statements and Business Report-2) (1) The representative director of the Company shall prepare and submit to auditor(s) for audit the following documents and their supplementary schedules, together with a business report, 6 weeks prior to the date set for

the ordinary general meeting of shareholders, and present the following documents and the business report at the ordinary general meeting of shareholders: 1.

Balance Sheet; 2. Income Statement; and 3. Other documents prescribed by the Enforcement Decree of the Commercial Act for representing the financial status and management performance of the Company. (Amended on Nov 28, 2018) (2) If the Company falls under companies which are subject to the obligation to prepare consolidated financial statements as prescribed by the Enforcement

Decree of the Commercial Act, the consolidated financial statements shall be included in each document referred to in Paragraph 1 above.

(3) Auditor(s) shall submit an audit report to the representative director at least by 1 week prior to the date set for such ordinary general meeting of shareholders. (Amended on Nov 28, 2018) ※ In Paragraphs 1 and 3 above, a company that has established an audit committee should substitute the word “auditor(s)” with an “audit committee.” (4) Notwithstanding the Paragraph 1

above, the Company may approve financial statements by resolution of the Board of Directors, if all of the following paragraphs are satisfied: 1.

If there is an outside auditor's opinion confirming that each document referred to in Paragraph 1 properly represents the Company's financial status and management performance in accordance with the Decree of the Act and the articles of incorporation; and 2. If there is unanimous consent from the auditor(s).

※ In Paragraph 2 above, a company having established an audit committee should substitute the word "auditor(s)" with “Auditor’s Committee”. (5) If approved by the Board of Directors in accordance with Paragraph 4 above, the representative director shall present the contents of each document referred to in Paragraph 1 above at the general meeting of shareholders.

(Amended on Nov 28, 2018) (6) The representative director shall maintain the documents referred to in provision 1 above and the audit report in the head office of the Company for 5 years, and their copies in the branch office(s) of the Company for 3 years, starting from 1 week prior to the date set for the ordinary general meeting of shareholders convened for the fiscal year to which such documents are related.

(Amended on Nov 28, 2018) (7) Upon approval of the ordinary general meeting of shareholders with respect to the documents referred to in Article 1 above or approval of the Board of Directors under the Article 4 above, the representative director shall promptly give a public notice of the Company’s balance sheet and outside auditor’s opinion.

(Amended on Nov 28, 2018) ※ A company having established an executive officer should substitute the words "executive officer" for the word "representative director" in this article. (Note Newly Inserted on Jan 16, 2012, and Nov 28, 2018)

Article 43-2 (Appointment of Outside Auditor) The Company shall appoint an outside auditor selected by the auditor(s) with approval of the Appointment Committee under the Enforcement Decree of the Act on the External Audit of Joint-Stock Companies and shall report the appointment to the ordinary general meeting of shareholders to be convened after following such appointment, or

shall notify by either an individual or public notice, the appointment to its shareholders in accordance with the Enforcement Decree of Act on the External Audit of Joint-Stock Companies.

(Newly Inserted on Feb 10, 2000, and Amended on Jan 22, 2010, and Nov 28, 2018) ※ A company that has established an audit committee shall stipulate amend the above provision to state that the company shall appoint an outside auditor duly approved by the Audit Committee. (Note Newly Inserted on Feb 10, 2000, and Amended on Mar 2, 2001, and Nov 28, 2018) ※ The public notice

period for the appointment of an outside auditor on the company's website shall be until the end of the fiscal year subject to audit.

(Note Newly Inserted on Jan 22, 2010)

10. 배당과 주식배당·분기배당 — 채택 여부별 문안 (Article 44~46)

이익 잉여금 처분 순서와 배당 방법, 중간배당·분기배당 도입 여부에 따른 선택 문안, 배당금 소멸시효 조항이 차례로 놓입니다.

Article 44 (Disposition of Profits) The Company shall dispose of the unappropriated retained earnings of each fiscal year in the following order of priority: (Amended on Oct 10, 1996) 1. Earned Surplus Reserve 2. Other Statutory Reserves 3. Dividends 4. Voluntary Reserves 5. Others Article 44-2 (Deleted on Jan 16, 2012) Article 45 (Dividends) (1) Dividends may be paid in cash, shares or any other property.

(Amended on January 16, 2012) (2) The Company may set the record date for determining the shareholders to receive dividends of Paragraph 1 above by resolution of the Board of Directors, and the record date shall be publicly noticed at least before 2 weeks of that date. (Amended on Jan 16, 2012, Jan 5, 2021, and Feb 8, 2023) ※ If the Company pays in-kind dividends, shareholders

may claim payment in cash instead of property, and the Company may pay dividends in cash instead of property to shareholders holding less than a certain number of shares.

(Note Newly Inserted on Jan 16, 2012) ※ The Company may set the record date for dividends on a different day from the record date for voting in ordinary general meeting of shareholders. (Note Newly Inserted on Jan 5, 2021, and Amended on Feb 8, 2023) ※ The record date for dividends may be set for the date after when the dividends are determined to enhance dividends predictability for shareholders.

Even if the record date for dividend is set for a date after the date on which the dividend payment is determined, the profits available for dividends are calculated based on the immediately preceding fiscal year. (Note Newly Inserted on Feb 8, 2023) ※ If the Company pays a dividend of stocks, the Company shall set the record date for the stock dividend as the day before or

earlier than the date of the general meeting of shareholders, as the shareholder who has received stock dividends shall become a shareholder of new shares from the time of closing of the general meeting of shareholders under Article 462-2 paragraph 4 of the Commercial Act.

(Note Newly Inserted on Feb 8, 2023) ※ The company can prescribe the record date for dividend by specifying a particular date in the articles of incorporation, rather than setting it by each resolution of the Board of Directors. (For example, ‘The Company may pay dividends under Paragraph 1 above to its shareholders whose names appear in the list of shareholders as of [time], [month][day].’) (Note Newly Inserted on Feb 8, 2023)

If the Company adopts the interim dividend system Article 45-2 (Interim Dividends) (1) The Company may pay interim dividends under Article 462-3 of the Commercial Act by the resolution of the Board of Directors. (Amended on Jan 27, 2004; Proviso Deleted on Jan 16, 2012; Amended on Feb 8, 2023) (2) The Company may set the record date for determining the shareholders to receive

dividends of Paragraph 1 above by resolution of the Board of Directors, and the record date shall be publicly noticed at least 2 weeks before that date.

(Proviso Deleted on Jan 16, 2012, and Amended on Feb 8, 2023) ※ In case the record date for interim dividend is to be set by the Board of Directors, the record date may be set as the date after the meeting of the Board of Directors resolving on the interim dividend payment in order to enhance dividends predictability for shareholders.

(Note Newly Inserted on Feb 8, 2023) ※ The Company may prescribe the record date for interim dividend payment by specifying a particular date in the articles of incorporation, rather than setting it by each resolution of the Board of Directors. (For example, ‘The Company may pay interim dividends under Paragraph 1 above to its shareholders whose names appear in the list of

shareholders as of [time], [month][day].’) (Note Newly Inserted on Feb 8, 2023) (3) Interim dividends shall be paid within the limit of the amount, after deducting the following items from the value of the net asset shown on the balance sheet as of the end of the immediately preceding fiscal year: (Amended on Feb 4, 2009) 1.

The amount of capital, as of the end of the immediately preceding fiscal year (Amended on Jan 16, 2012); 2. The aggregate sum of the capital reserves and legal reserves appropriated up to the immediately preceding fiscal year; 3. Unrealized profits determined by the Enforcement Decree of the Commercial Act (Newly Inserted on Jan 16, 2012); 4.

The amount appropriated for dividends by a resolution adopted at the ordinary general meeting of shareholders convened for the immediately preceding fiscal year; 5. The Voluntary reserves appropriated for specific purposes in accordance with the provisions of the articles of incorporation or by a resolution of the general meeting of shareholders until the immediately preceding fiscal year; and 6.

The Earned surplus reserves to be appropriated for the current fiscal year, as a result of such interim dividends. (4) (Deleted on Jan 5, 2021) (5) (Deleted on Jan 16, 2012) (Newly Inserted on Feb 23, 1999)

If the Company adopts the quarterly dividend system ※ When a company has already introduced the interim dividend system and considers adopting the quarterly dividend system, the existing provisions concerning interim dividends should be replaced with the following: Article 45-2 (Quarterly Dividends) (1) The Company may pay quarterly dividends under Article 165-12 of the

Financial Investment Services and Capital Market Act to its shareholders whose names appear in the list of shareholders as of the end of the 3rd, 6th and 9th months, respectively, of each fiscal year.

Quarterly dividends shall be paid in cash. (Amended on Feb 4, 2009) (2) Quarterly dividends referred to in Paragraph 1 above shall be paid by a resolution of the Board of Directors; provided, however, that such a resolution shall be made within 45 days from the record date in Paragraph 1 above. (3) Quarterly dividends shall be paid within the limit of the amount after deducting

the following items from the value of the net assets shown on the balance sheet as of the end of the immediately preceding fiscal year: (Amended on Feb 4, 2009) 1.

The amount of capital, as of the end of the immediately preceding fiscal year (Amended on Jan 16, 2012); 2. The aggregate sum of the capital reserves and legal reserves appropriated up to the immediately preceding period for the settlement of accounts; 3. Unrealized profits determined by the Enforcement Decree of the Commercial Act (Newly Inserted on Jan 16, 2012); 4.

The amount appropriated for dividends by a resolution adopted at the ordinary general meeting of shareholders convened for the immediately preceding fiscal year; 5. Voluntary reserves appropriated for specific purposes in accordance with the provisions of the articles of incorporation or by a resolution of the general meeting of shareholders until the immediately preceding fiscal year; 6.

Earned Surplus Reserves to be appropriated for the current fiscal year, as a result of such quarterly dividends and 7. The aggregate amount of quarterly dividends paid during the current fiscal year, if any. (4) (Deleted on Jan 5, 2021) (5) (Deleted on Jan 16, 2012) (Newly Inserted on Jan 27, 2004) If the Company does not adopt the interim and quarterly dividend system ※

Interim dividends and quarterly dividends can be paid only if they are provided in the articles of incorporation.

Therefore, if the Company elects not to adopt either of them, it is not necessary to include any provision relating thereto in the articles of incorporation.

Article 46 (Statute of Limitations for the Right to Dividends) (1) If a claim for dividends has not been exercised for 5 years, the statute of limitation applicable thereto shall expire. (2) The dividends with respect to which the statute of limitation has expired shall become vested in the Company.

11. 부칙 — 1980년부터 2023년까지의 개정 이력

부칙은 1980년 제정 이래 2023년까지의 개정 시행일을 날짜순으로 기록하고 있으며, 최근 개정분은 주주총회 승인일을 시행일로 하는 표준 문안입니다.

Addendum These articles of incorporation shall come into effect on February 5, 1980. Addendum These articles of incorporation shall come into effect on July 13, 1984. Addendum These articles of incorporation shall come into effect on January 25, 1988. Addendum These articles of incorporation shall come into effect on December 6, 1989.

Addendum These articles of incorporation shall come into effect on August 21, 1991. Addendum These articles of incorporation shall come into effect on June 22, 1993. Addendum

1. (Effective Date) These articles of incorporation shall come into effect on January 17, 1996. Notwithstanding the foregoing provision, Articles 10-2, 12, 27, 28, 30, 31, 34-2, 35, 36, 39 and 45, as amended, shall come into effect on October 1, 1996. ※ With respect to giving effect to the provisions of Article 10-2, as amended, a separate provision to the effect of "Provisions

of Article 10-2 hereof, as amended, shall come into effect in the first fiscal year beginning after this date of amendment to the article of incorporation" should be included in the articles of incorporation if: i) The Company, having amended its articles of incorporation prior to the effective date of the amended Commercial Act, has issued, or is expected to issue, new shares

as a result of issuance of new shares or bonus shares, or stock dividends prior to the aforesaid effective date of the amended Commercial Act; or ii) The Company amending its articles of incorporation on or after the effective date of the amended Commercial Act, has issued new shares as a result of issuance of new shares or bonus shares, or stock dividends prior to the date of amendment to the articles of incorporation.

2. (An example of applying the provisions concerning Issuance of Convertible Bonds and Bonds with Warrant) Articles 14 and 15 hereof, as amended, shall apply to the new shares to be issued after the effective date of these articles of incorporation. ※ If the Company has already included in its articles of incorporation provisions corresponding to the amended Articles 14 and 15, the Company does not have to include the above provisions. Addendum

1. (Effective Date) These articles of incorporation shall come into effect on October 10, 1996. 2. (Interim Measures on Preferred Shares) If the Company newly issues preferred shares (which are paid dividends at the rate equal to the dividend rate on common shares + an extra 1% in cash) prior to the effective date (October 1, 1996) of the amended Commercial Act, such preferred shares should be allotted in accordance with the provisions of Article 8-2 hereof.

※ The aforementioned interim measures apply only to a company that has included the provisions of Article 8-2 hereof in its articles of incorporation, and subsequently amended those provisions as illustrated herein; and has outstanding preferred shares (which are paid dividends at the rate equal to the dividend rate on common shares + an extra 1% in cash) issued prior to the effective date (October 1, 1996) of the amended Commercial Act.

Therefore, such company should not fail to expressly state such interim measures in the addendum of its articles of incorporation. Addendum These articles of incorporation shall come into effect on February 21, 1997: Provided, That Articles 10 Paragraph 2 Subparagraph 4 and Article 10-3 hereof shall come into effect on the date when the Enforcement Decree of the Securities and

Exchange Act is promulgated and further provided that Articles 10, 10-2, 19-3, 30, 40(1) and 43(2) hereof shall come into effect on April 1, 1997.

Addendum These articles of incorporation shall come into effect on February 17, 1998. Addendum These articles of incorporation shall come into effect on February 23, 1999: Provided, That Article 30 Paragraph 3 hereof shall come into effect on June 29, 1999. Addendum These articles of incorporation shall come into effect on February 10, 2000.

2001년 개정분은 감사 회사와 감사위원회 회사의 부칙 문안이 각각 제시되어 있습니다.

Addendum If the Company has auditor(s) Article 1 (Effective Date) These articles of incorporation shall come into effect on March 2, 2001, provided, however, that Articles 19, 43-2 and 44-2 hereof shall come into effect on April 1, 2001. Article 2 (Interim Measures on Retirement of Shares) The treasury stocks that the Company has acquired pursuant to Article 189-2 of the

Securities and Exchange Act and owns as of the effective date (April 1, 2001) of the amended Securities and Exchange Act may be retired pursuant to the amended provisions of Article 44-2 Paragraph 1 hereof.

※ In the case of amending the articles of incorporation prior to the revision and enforcement of relevant laws and regulations including the Securities and Exchange Act, the proviso of Article 1 of this Addendum shall be deleted, and the following proviso shall instead be added as a transitional provision: " Provided, That the amended provisions of Articles 10-3 Paragraph 1,

Article 10-3 Paragraph 6, 19 and 44-2 hereof shall come into effect on the effective date of the amended Securities and Exchange Act, and further provided that the amended provisions of Article 43-2 hereof shall come into effect on the effective date of the Act of External Audit of Stock Companies." In case an audit committee is established Article 1 (Effective Date) These

articles of incorporation shall come into effect on March 2, 2001; provided, however, that Articles 19, 41-3, 43-2 and 44-2 hereof shall come into effect on April 1, 2001.

Article 2 (Interim Measures on Retirement of Shares) The treasury stocks that the Company has acquired pursuant to Article 189-2 of the Securities and Exchange Act and owns as of the effective date (April 1, 2001) of the amended Securities and Exchange Act may be retired pursuant to the amended provisions of Article 44-2 Paragraph 1 hereof.

※ In the case of amending the articles of incorporation prior to amendment and giving effect to relevant laws and regulations including the Securities and Exchange Act, the proviso of Article 1 of this Addendum shall be deleted, and the following proviso shall instead be added as a transitional provision: "provided, however, that the amended provisions of Articles 10-3

Paragraph 1, 10-3 Paragraph 6, 19, 41-2 and 44-2 hereof shall come into effect on the effective date of the amended Securities and Exchange Act and further provided that the amended provisions of Articles 41-3 and 43-2 hereof shall come into effect on the effective date of the Act of External Audit of Stock Companies."

Addendum These articles of incorporation shall come into effect on February 4, 2003. Addendum These articles of incorporation shall come into effect on January 27, 2004. Addendum These articles of incorporation shall come into effect on December 20, 2007. Addendum (February 4, 2009) These articles of incorporation shall come into effect on the date of approval at the [*]th

ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] years [*] months [*]).

Addendum (May 18, 2009) These articles of incorporation shall come into effect on the date of approval at the [*]th ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] years [*] months [*]). Addendum (January 22, 2010) These articles of incorporation shall come into effect on the date of approval at the [*]th

ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] years [*] months [*]).

However, amendments to Articles 4 and 12-2 shall come into effect on May 29, 2010. Addendum (January 16, 2012) These articles of incorporation shall come into effect on the date of approval at the [*]th ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] years [*] months [*]).

However, amendments to Articles [*] and [*] shall come into effect on April 15, 2012. ※ If Company amends Article 6, Article 8, Article 8-2, Article 8-3, Article 8-4, Article 8-5, Article 10 Paragraph 3, Article 14, Article 14-2, Article 15 Paragraph 3, Article 18, Article 21, Article 33, Article 34, Article 34-3, Article 35, Article 37, Article 38, Article 41-5 (in the case of

companies with an audit committee instead of an auditor, Article 41-3 Paragraph 2 and Paragraph 3 shall apply), Article 43, Article 44-2, Article 45, and Article 45-2 based on the provisions of the Standard Form of articles of incorporation, the relevant provisions shall be prescribed in proviso.

If the company issues no-par stock 2. If the company converts par value stock into no-par stock in accordance with the amendment to Article 6, the conversion ratio shall be per-par value stock to [*] shares of no-par stock. Addendum (December 27, 2013) These articles of incorporation shall come into effect on the date of approval at the [*]th ordinary general meeting of

shareholders (or on the date of approval at the general meeting of shareholders in [*] years [*] months [*]).

Addendum (November 28, 2018) These articles of incorporation shall come into effect on the date of approval at the [*]th ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] months [*], 2019). However, amendments to Articles 9, 11, 12, 15-2 and 16 shall come into effect on [*] months [*], 2019 when 「Enforcement Decree of the Act on Electronic Registration of Shares·Bonds」 is implemented.

Addendum (January 5, 2021) These articles of incorporation shall come into effect on the date of approval at the [*]th ordinary general meeting of shareholders (or on the date of approval at the general meeting of shareholders in [*] months [*], 2021). Addendum (February 8, 2023) These articles of incorporation shall come into effect on the date of approval at the [*]th

ordinary general meeting of shareholders(or on the date of approval at the general meeting of shareholders in [*] months [*], 2023).