The Company included all of its basic operating principles in its Articles of Incorporation. And in accordance with the Articles of Incorporation, the Company upholds shareholders' rights, hosts general meetings of shareholders and operates Board committees. Please click here to view our articles of incorporation.

The articles of incorporation is an agenda item of a general meeting of shareholders which requires special resolution. The amendment to the articles of incorporation shall be made only by resolution at the ordinary general meeting of shareholders.

In accordance with the commercial code, no amendment to the articles of incorporation shall be valid unless approved by two thirds or more of shares of the shareholders present at the general meeting of shareholders and by more than one third of outstanding shares.

* The amendment to the articles of incorporation shall not be made at the discretion of the Board or any insider of the Company. It can only be made by resolution at a general meeting of shareholders.

Since issuance of shares is an agenda item of Articles of Incorporation, our share issuance can only be made in accordance with the articles of incorporation. Thus, issuance of shares with superior dividend, voting, conversion or any other superior rights over existing stock can not be decided in the discretion of the board or any other body of the company.