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Inverstors News

Change for Business Objective

2006.02.23 No. 414
Date of Original Announcement : January 26, 2006

Category

Before Change

After Change

#2 Below

“Contents of Addition”

----------------------------------------------------------and mail-order sales business

------------------------------------------------------ and telemarketing and sales business

“Details of Contents of Addition”

column

Mail-order sales business

Telemarketing and sales business

------------------------------------------& mail-order sales business

-------------------------------------- & telemarketing and sales business


1. Category : Addition of Business Objective
2. Contents of addition : Auto supplies manufacture and sales business , the recycling business, franchise business and telemarketing and 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

Telemarketing and sales business

Electronic commerce and internet business

Electronic commerce and internet business & telemarketing and sales business

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