Opposition to Shareholder Proposal | Exeo Group May 22, 2026

Board of Directors’ Opinion on the Shareholder Proposal

Exeo Group has expressed opposition to the shareholder proposal submitted for the general meeting of shareholders in June 2026. The proposal concerns the appointment of outside directors, and after reviewing candidates' suitability and alignment with management issues, the Board of Directors decided to oppose it. The company is advancing its medium-term management plan and strengthening its governance system, aiming to improve independence and management oversight functions. In response to the proposal, the company emphasizes the importance of establishing a system that ensures objectivity and transparency in management.

Future Policies and Governance System

Exeo Group announced its medium-term management plan on May 13, 2026, with the slogan 'Harnessing Change to Achieve Growth through Advanced Technology and Human Resources, United as One Group.' To enhance governance, the company plans to raise the ratio of independent outside directors to 50% and strengthen management oversight functions. The company values diversity in the Board of Directors and personnel, aiming to improve transparency and corporate value.