No. 2 ~ No. 5: Election of directors: Seven (7) Directors (Korea Zinc’s Proposal)

– 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

– Lack of transparency in the nomination process, independence issues, and potential disqualification risks under the Korean Commercial Act may negatively impact Korea Zinc’s governance

– Korea Zinc aims to establish a more efficient board structure and improve corporate governance through its own director candidates

– Securing expertise in finance, M&A and risk management within the board by proposing candidates based on BSM

– Complying with the entire skill matrix required by international proxy advisory institutions