– Vote for 2 agendas; Approval on the Division Plan/ Amendment of some articles –

Hyundai Corporation held the extraordinary general meeting of stockholders at the Multi-purpose Hall on the 17th floor of the the Yonhap News Building, which is headquartered in Susong-dong, Jongno-gu, Seoul, Korea at 09 am on (Friday) August 28. Then, it submitted 2 bills; △Approval on the Division Plan △Amendment of some articles and passed them in their original form.

In accordance with the Spin-Offs of Hyundai Corporation approved at the extraordinary general meeting of stockholders, from now on, trading and resource development sectors will be undertaken by the remaining company, Hyundai Corporation; brand business and new projects will be undertaken by the newly-established company, tentatively named “Hyundai C&F Inc.” for a new step.
The division date is October, 01 and in terms of the division ratio, Hyundai Corporation occupies 59.24% and Hyundai C&F Inc. occupies 40.76%. Hyundai Corporation will be listed through change listing and Hyundai C&F Inc will resume listing respectively at the end of this October. Hyundai Corporation will aggressively strengthen the competitiveness and pursue management effectiveness by procuring professional capabilities for each sector and enhance business initiative through the Spin-Offs. *