No. 2 ~ No. 5: Election of directors – KZ Position on MBK & YP’s Proposals

– Expanding the board from 13 to 27 members without BSM improvements suggests an attempt to seize control of the board

– The proposed board size exceeds global recommendations, risking weakened governance

– The lack of transparency in the selection process, concerns about independence, and the disqualification of some candidates are feared to negatively impact the governance improvement of Korea Zinc

– The goal is to establish a more efficient board structure and improve governance through internal candidates from Korea Zinc