Hyundai Worldwide Global Navigation
The Convening Notice of 54th Annual General Meeting
The Annual General Meeting of Shareholders(“AGM”) 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.
12 Heolleung-ro, Seocho-gu, Seoul, Korea (T : 82-2-3464-1114)
<Issues to report> Independent Auditor’s Report, Annual Report, Internal Accounting Control System Management Report, Sustainability Management Committee Report
<Agenda>
1 : Approval of the Financial Statements for the 54th Fiscal Year (1/1/2021 ~ 12/31/2021)
2 : Appointment of Director(s)
2-1 : Appointment of Independent Directors
2-2 : Appointment of Internal Directors
3 : Appointment of Audit Committee Member(s)
4 : Approval of Ceiling Amount of Compensation for Directors
<What to bring to the shareholders’ meeting>
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 : March 14, 2022 to March 23, 2022
* You may access the voting website 24 hours a day (from 9 AM for the first day until 5 PM of the last day)
- If amendment motion on agendas presented at the AGM is submitted, electronic votes will automatically be abstained
- Following government policy, vaccine pass is necessary to enter the meeting. Please refer to COVID-19 guideline of the Republic of Korea and prepare a valid vaccination certificate in advance. To prevent from spreading of COVID-19, shareholders who have any symptom of COVID-19 such as fever and cough may be restricted from entering the meeting. Also, shareholders who do not wear face masks may be restricted from entering the meeting.
- The above may change in accordance with COVID-19 guideline of the Republic of Korea on the day of AGM.
In accordance with Article 542-4 of Korean Commercial Act, the reference for our business overview and agendas of AGM are located at the head office of the company, Financial Service Commission, Korea Exchange and the office of Hanabank agency services for securities.
March 8, 2022
Hyundai Motor Company
Representative Director, Jaehoon Chang
(Seal omitted)
Item 1: Approval of the Financial Statements for the 54th Fiscal Year
* Please refer to the financial statements for the 54th fiscal year, including auditor’s opinion from the designated independent auditor, which is planned to be disclosed on March 8th, 2022.
Item 2: Appointment of Director(s)
* Nominee (3 persons)
| Name | Date of birth | Major Career | Transaction with the Company | Relationship with Major Shareholders of the Company |
| Recommended by | ||||
| Chi-Won Yoon | June, 1959 | · Chairman of EQONEX (current) · Executive Vice Chairman of UBS Wealth Management (former) | None | Director at Affiliate (Independent Director) |
| EDCRC1 | ||||
Sang Seung Yi | November, 1963 | · Co-chairman of Asia-Pacific Competition Community (APCC) (current) · Dean of Economics in Seoul National University (current) | None | Director at Affiliate (Independent Director) |
| EDCRC1 | ||||
Eugene M. Ohr | May, 1968 | · Director of Capital International Research Inc (former) · Partner of Capital International Inc (former) | None | Director at Affiliate (Independent Director) |
| EDCRC1 |
*Nominees (3 persons)
| Name | Date of birth | Major Career | Transaction with the Company | Relationship with Major Shareholders of the Company |
| Recommended by | ||||
| Euisun Chung | October, 1970 | · Executive Chair and President of the Company (current) · Executive Chair of Hyundai Motor Group (current) | · Owns 5,598,478 of common shares and 298 of preferred shares of the Company Engaged in transactions with affiliates in connection with vehicle components | Director |
| BOD2 | ||||
Chung Kook Park | March, 1957 | · President and Head of R&D Division at the Company (current) · President and Deputy Head of R&D Division at the Company (former) | None | Director at Affiliate |
| BOD2 | ||||
Dong Seock Lee | January, 1964 | · Executive Vice President & CSO (Chief Safety Officer) of Domestic Productions at the Company (current) · Executive Vice President of Production Support Division at the Company (former) | Owns 858 common shares of the Company | Director at Affiliate |
| BOD2 |
Item 3: Appointment of Audit Committee Member(s)
*Nominees (2 persons)
| Name | Date of birth | Major Career | Transaction with the Company | Relationship with Major Shareholders of the Company |
| Recommended by | ||||
| Chi-Won Yoon | June, 1959 | · Chairman of EQONEX (current) · Executive Vice Chairman of UBS Wealth Management (former) | None | Director at Affiliate (Independent Director) |
| BOD2 | ||||
Sang Seung Yi | November, 1963 | · Co-chairman of Asia-Pacific Competition Community (APCC) (current) · Dean of Economics in Seoul National University (current) | None | Director at Affiliate (Independent Director) |
| BOD2 |
1. External Director Candidate Recommendation Committee
2. Board of Directors
Item 4: Approval of Ceiling Amount of Compensation for Directors
| Year | Number of BOD | Ceiling Amount |
| 2022 | 11 persons | 15.0 billion Korean Won |