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Inverstors News

Change for Business Objective

2006.01.26 No. 410
1. Category : Addition of Business Objective
2. Contents of addition : Auto supplies manufacture and sales business , the recycling business, franchise business and mail-order sales business
3. Reason for addition : To establish a basis for pursuing
a new business opportunity
4. Resolution date of Board of Directors : January 26, 2006
-attendance of outside directors : 3 out of 4
-attendance of auditors(who are not outside directors) : -
5. Expected date for the General Meeting of Shareholders :
- March 10, 2006
6. Others
1) The articles of addition of business objective in # 1 above is the resolution of the Board of Directors, and may be subject to change depending on process of resolution at the General Meeting of Shareholders
2) The Hyundai Motor audit committee is composed by all outside directors.( 3 out of 3 present)
* Details of Contents of addition

 

Before

After

Objective

of change

Auto supplies manufacture

and sales business

Auto Parts

wholesale

business

Auto Parts

wholesales business

and Auto

supplies manufacture & sales business

Satisfaction

of customers’ various auto

related demands

Recycling

business

Auto management

business

(used car

purchase

and sales /

car scrappage)

Auto management

business

(used car purchase

and sales / car scrappage /recycling business etc.)and

related franchise business

Pursue Eco-friendly business and effectively respond to environmental regulations and

Strengthen

general customer relations for auto sales

Franchise

business

Mail-order sales business

Electronic commerce

and internet

business

Electronic commerce

and internet business

& mail-order

sales business

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