GOVERNANCE

▪︎ Composition of the KISCO Board

Currently, the board of directors of KISCO consists of six executive directors, two external directors, and one auditor. The board determines the company’s major management policies, with the CEO serving as the chairman of the board. The personal information of director candidates is disclosed before the shareholders’ meeting, and director candidates are approved through the recommendation of the board of directors and approval by the shareholders.

* The above composition of the board of directors is based on the status as of December 31, 2024. *At the General Shareholders’ Meeting on March 28, 2025, the following individuals were reappointed with shareholder approval: Internal Directors: Dong-Gil Kim¹⁾, Sung-Yong Cho²⁾, Won-Sik Jung³⁾, Seung-Taek Lim⁴⁾, Auditor: Byung-Jin Kim⁵⁾

▪︎ Current Status of the Board of Directors

▪︎ Board Activities: Held 20 meetings, with 24 resolutions and reporting items ▪︎ Board Attendance Rate: Average attendance rate: 100%, internal directors: 100%, external directors: 100%, auditor: 100%

▪︎ Status of Education for Outside Directors

▪︎ Notice of Shareholder Meeting

KISCO sets the date of its annual shareholders meeting by taking into consideration factors such as the financial closing and audit report issuance schedule, the company’s annual business calendar, and the designated peak dates for shareholders meetings. Approximately two weeks prior to the meeting date, KISCO issues a public notice—such as an electronic disclosure—announcing the upcoming annual meeting. In cases where the meeting must be held on a peak date designated by the Korea Listed Companies Association, KISCO submits a report explaining the reason for holding the meeting on that date.

▪︎ Voting System

To enhance shareholder convenience, the KISCO Board of Directors resolved to adopt the electronic voting system, which was implemented at the 48th regular general meeting of shareholders held on March 28, 2025.

▪︎ Voting Status at the Shareholders’ Meeting

(Record Date: March 28, 2025) ▪︎ Number of Voting Rights Present

* Based on the data submitted to the Korea Securities Depository (KSD)

▪︎ Voting Results by Agenda Item

▪︎ Dividend Policy and Implementation

Prior to holding the regular general meeting of shareholders, KISCO provides annual announcements of the Board’s dividend decisions through the DART electronic disclosure system. In accordance with the Articles of Incorporation, dividends may be distributed in the form of cash or shares following a resolution by the Board of Directors and approval at the shareholders’ meeting. Payments are made to shareholders within one month after the meeting. KISCO determines its dividends based on a comprehensive review of several factors, including the scale of profits, the need to secure funds for future growth, and the maintenance of a sound financial structure, with the goal of enhancing shareholder value and increasing shareholder returns. KISCO plans to maintain a dividend level that satisfies both internal financial soundness and shareholder expectations by securing competitiveness in its core businesses and generating stable profits. The company continues to pursue a shareholder-friendly dividend policy. Over the past three years, cash dividends have been paid consistently. No differential or interim dividends have been issued. KISCO aims to respect shareholder rights by maintaining appropriate dividend levels.

▪︎ Dividend Information

KISCO has continued dividend payments to enhance shareholder value, even under challenging business conditions or operational losses.

* For 2020 and 2023, payout ratios are not indicated due to net losses. * Dividend data above is based on actual payments and individual financial statements.

▪︎ Code of Ethics

Based on management philosophies such as transparent and fair business practices, compliance-based prosperity, customer respect, prioritizing shareholder interests, and contributing to national and economic growth, KISCO adheres to laws and corporate ethics, fulfills its corporate social responsibilities through ethical business practices, and strives for mutual growth and coexistence with stakeholders such as customers and shareholders. This Code of Ethics is intended to help KISCO employees correctly understand and implement the company’s code of conduct by providing guidelines for decision-making and behavior in ethically challenging situations that may arise during their work.

▸ Ethical Standards Download

▪︎ Education on Preventing Unfair Trade and Corruption Status.

Since 2022, KISCO has initiated unfair trade and anti-corruption education targeting new employees and positions with high relevance to business operations. Expansion of this education to all employees will be sequentially implemented. * In 2024, a total of 22 employees participated in unfair trade and anti-corruption training, with a total of 22 hours completed.

▪︎ Code of Ethics

All of the executives and employees of KISCO

01	We treat all business activities transparently and fairly in accordance with the company’s top policy. Our company is trusted by shareholders, customers, employees and society.

02	With honesty and integrity as our foremost values, we will be responsible in carrying out our duties. We will pursue a path of prosperity for shareholders, customers, employees and society.

03	Through enterprising and successful corporate activities, we promote continuous management innovation and new technology development. We aim to be a successful company recognized by shareholders, customers, employees, and society.

▪︎ Introduction to Ethics Management Activities

– New Employee and Position-Based Training – Sexual Harassment Prevention Training – Workplace Bullying Prevention Training – Disability Awareness Improvement Training – Personal Information Protection Training – Unfair Trade and Anti-Corruption Prevention Training – Industrial Safety and Health Training and On-Site Safety Inspections – Operation of Internal Control System through the Internal Accounting Management System – Operation of Grievance Handling Process and Grievance Committee

▪︎ Audit Support Organization

KISCO has not established a separate Audit Committee. Instead, one full-time auditor, appointed by the resolution of the shareholders’ meeting, performs audit duties.

▪︎ Audit Support Organization Status

▪︎ Status of Audit Education Implementation