The Convening Notice of 58th General Shareholders Meeting
The Convening Notice of 58thGeneral Shareholders Meeting
The General Shareholders Meeting (“GSM”) of Hyundai Motor Company (the “Company”) will be held pursuant to Article 365 of the Korean Commercial Act and Article 14 of the Articles of Incorporation of the Company.
Date : March 26, 2026 (Thursday) 09:00 AM
Place : Grand Hall, 2nd Floor West Building, Head office of Hyundai Motor Company 12 Heolleung-ro, Seocho-gu, Seoul, Korea
Purposes of the Meeting
<Issues to report>
Audit Report, Business Report, Report on Operational Status of the Internal Control Over Financial Reporting, Report on Activities of the Sustainability Management Committee
<Agenda>
1 : Approval of the Financial Statements for the 58th Fiscal Year (1/1/2025 ~ 12/31/2025)
2 : Partial Amendment of the Articles of Incorporation
2-1 : Addition of business purpose
2-2 : Deletion of provision excluding the cumulative voting system
2-3 : Expansion of Duty of Loyalty
2-4 : Expansion of separate election of Audit Committee member
2-5 : Establishment of the necessary regulatory basis following the introduction of electronic GSM
2-6 : Refinement of provisions
2-7 : Change in terminology of Independent Directors
2-8 : Addendum
3 : Appointment of Director(s)
3-1 : Appointment of Independent Director(s) (Yoon-Hee Choi)
3-2 : Appointment of Internal Director(s)
3-2-1 : Appointment of Internal Director (Muñoz Barcelo José Antonio)
3-2-2 : Appointment of Internal Director (Seung Jo Lee)
3-2-3 : Appointment of Internal Director (Young Il Choi)
4 : Appointment of Independent Director to be Audit Committee Member(s) (Seung-Wha Chang)
5 : Approval of Ceiling Amount of Compensation for Directors
6 : Approval of the Treasury Stock Holding∙Disposal Plan
Matters regarding the Exercise of Voting Rights
<What to bring to the shareholders’ meeting>
In-person : An identification
Proxy : A power of attorney (with information of the relevant shareholder and the person with the power of attorney filled in, and duly executed and sealed), and an identification of the agent.
* Voting right can be exercised by the Company, in case shareholder would like to exercise it by proxy and send power of attorney which can be found on the Company’s website (www.hyundai.com) to the Company by mail. (address : 12 Heolleung-ro, Seocho-gu, Seoul, Korea (postal code : 06797), Securities Finance Team of the Company)
Matters regarding the Exercise of Voting Rights by Electronic Means
In accordance with Article 368-4 of Korean Commercial Act, the Company has determined to allow the exercise of shareholders’ voting rights by electronic means, and the overall management of electronic voting system will be consigned to Korea Securities Depository. Shareholders may exercise their voting rights through electronic means, without physical attendance, by referring to the following methods.
Electronic Voting Website : https://evote.ksd.or.kr / Mobile : https://evote.ksd.or.kr/m
Voting Period : 9am March 16, 2026 to 5pm March 25, 2026
* You may access the voting website for 24 hours a day during the voting period (from 9 AM for the first day to 5 PM for the last day)
If amendment motion on agenda presented at the GSM is submitted, electronic votes will automatically be abstained.
Notice regarding GSM online live streaming
For esteemed shareholders, we are providing online live streaming to pre-registered shareholders
To: Pre-registered shareholders (shareholders as of December 31st 2025)
Pre-registration period: 9am March 16 2026 ~ 5pm March 25 2026
Pre-registration process: the information will be available through the link below https://www.hyundai.com/worldwide/en/company/ir/notices
Exercising voting rights: watching the online live streaming is not considered as participation in the GSM. Thus, shareholders must exercise voting rights through online voting or proxy voting.
Due to traffic issues, there is a possibility of limitations to live streaming.
March 5, 2026
Hyundai Motor Company
Representative Director, José Muñoz
(Seal omitted)
Item 1 : Approval of the Financial Statements for the 58th Fiscal Year
* Please refer to the financial statements for the 58th fiscal year, including auditor’s opinion from the designated independent auditor, which has been disclosed on March 4th, 2026 in KRX
Item 2 : Partial Amendment of the Articles of Incorporation
Item 2-1 : Addition of business purpose (short-term rental)
Item 2-2 : Deletion of the provision excluding the cumulative voting system
Item 2-3 : Expansion of directors’ duty of loyalty
Item 2-4 : Expansion of separate election of Audit Committee member
Item 2-5 : Establishment of the necessary regulatory basis following the introduction of electronic GSM
Item 2-6 : Refinement of provisions
Item 2-7 : Change in terminology of independent directors
Item 2-8 : Addendum
Item 3 : Appointment of Director(s)
Item 3-1 : Appointment of Independent Directors
*Nominees (1 pax)
Name | Date of Birth | Term | New/ Re Appointment | Major Career |
Yoon-Hee Choi | April, 1964 | 3 years | Re- Appointment | [Present] · Professor at Konkuk University Graduate School of Law · Non-executive Director of the Labor Law Forum · Independent Director, Hanjin KAL [Former] · Member of the National Election Commission · Judge of the National Labor Relations Commission (NLRC) |
Item 3-2 : Appointment of Internal Directors
*Nominees (3 pax)
Name | Date of Birth | Term | New/ Re Appointment | Major Career |
Muñoz Barcelo José Antonio | June, 1965 | 3 years | Re- Appointment | [Present] · President and CEO of HMC [Former] ·President, Global Chief Operating Officer of HMC, and Head of Hyundai Motor North America HQ · Chief Performance Officer and Chairman China, Nissan · Chief Performance Officer and Chairman North America, Nissan · Executive Vice President (EVP), Chairman of Management Committee, North America, Nissan |
Seung Jo Lee | November, 1969 | 3 years | Re- Appointment | [Present] · Executive Vice President, Finance Division [Former] · Senior Vice President, Planning & Finance Division · Vice President, Finance & Accounting Sub-Division · Vice President, Corporate Audit Division/Corporate Audit Team 2 · Vice President, Head of Financial Management Group · Vice President, Head of Business Management Group |
Young Il Choi | January, 1965 | 1 year | New Appointment | [Present] · Executive Vice President, Domestic Production/CSO [Former] · Senior Vice President, Head of Hyundai Manufacturing Engineering Center · Vice President, Head of Genesis Manufacturing Engineering Group · Vice President, Head of Vehicle Manufacturing Engineering Group |
Item 4 : Appointment of Independent Directors to be Audit Committee Member(s)
*Nominees (1 pax)
Name | Date of Birth | Term | New/ Re Appointment | Major Career |
Seung-Wha Chang | June, 1963 | 3 years | Re- Appointment | [Present] · Professor at Seoul National University School of Law / Graduate School of Law · Arbitrator of the International Court of Arbitration (ICC) · Chair, International Arbitration Center of the Korean Commercial Arbitration Board (KCAB) · Independent Director, Cheil Worldwide Inc [Former] · WTO Appellate Body Member (Standing final appellate judge) |
Item 5 : Approval of Ceiling Amount of Compensation for Directors
Year | Number of BoD | Ceiling Amount |
2026 | 12 pax | 28.4 billion Korean Won |
Item 6 : Approval of the Treasury Stock Holding ∙ Disposal Plan
• Purpose of Holding/Disposal of Treasury Stocks
: For the purpose of providing compensation to executives and employees
• 1,100,884 shares of Common Stock (On market direct acquisition)
| Type of Stock | Common | Preferred | 2nd Preferred | 3rd Preferred |
| Number of the treasury stocks to be held or disposed of | 2,006,508 | 501,923 | 706,883 | 5,526 |
| Method of acquisition of the treasury stocks to be held or disposed of | Market direct acquisition | Market direct acquisition | Market direct acquisition | Market direct acquisition |
※ The actual number of shares to be disposed of may vary depending on the factors such as the level of managerial performance, the compensation amount, and the share price at the time of compensation and other relevant factors.
| Category | Holding | Disposal |
| The type and number of the treasury stocks | 1,100,884 shares of Common Stock | Max 1,100,884 shares of Common Stock |
| Acquisition Method | Market direct acquisition | Market direct acquisition |
• Status of treasury stocks as of the Commencement Date of the Holding Period and the Scheduled Date of Disposal
Category | Commencement Date of Holding Period | Scheduled Date of Disposal | ||
| Type | No. of shares | Type | No. of shares | |
| The type, number, and method of acquisition of the treasury stocks | Common | 2,006,508 | Common | 905,624 |
| Preferred | 1,214,332 | Preferred | 1,214,332 | |
| On market direct acquisition | On market direct acquisition | |||
| The type and number of shares other than the treasury stocks | Common | 202,751,258 | Common | 203,852,142 |
| Preferred | 59,418,010 | Preferred | 59,418,010 | |
| The ratio of treasury stocks to the total number of issued shares | Common | 1.0% | Common | 0.4% |
| Preferred | 2.0% | Preferred | 2.0% | |
※ The number and ratio of treasury stocks at the scheduled disposal date may vary depending on factors such as the actual number of shares to be disposed of, additional acquisition, and share cancellation. A comprehensive review will be conducted, taking into account mid‑to long‑term investment plans, conditions of business environment, and the Company’s shareholder return policy.
• The scheduled holding period and the timing of disposal
: The date of the 2026 GSM (Mar. 26th, 2026) ~ The date of the 2027 GSM
- The disposal timeline may vary depending on the purpose, including compensation for employees and executives
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2026.03.03