Dear Esteemed Shareholders,
As we welcome the New Year of 2025, we wish you and your families a year filled with health, happiness, and prosperity. We are writing the fourth shareholder letter to seek your support for the current management and the Board of Directors of Korea Zinc, ahead of the extraordinary general meeting scheduled for January 23.
This letter provides a critical update regarding Young Poong’s Seokpo Smelter, which has been materially reliant on Korea Zinc, and discusses the implications arising from the potential misalignment of interests between Korea Zinc’s shareholders and Young Poong.
As we approach the upcoming extraordinary general meeting, the ultimate question is, “Who can lead Korea Zinc toward a sustainable, transparent, and shareholder-centric future?”
We earnestly and humbly ask for your trust for the current management of Korea Zinc. In return, we pledge to honor that trust through unwavering dedication and by transforming our vision, Troika Drive, into tangible success for Korea Zinc.
Thank you.
Sincerely,
Korea Zinc
[Refer to The fourth letter to shareholders from CEO of Korea Zinc]
