On March 31, 2025, 3D Investment Partners Ltd. (hereinafter, “3D”), an institutional investor based in Singapore, published its opinions regarding our management strategy and other issues.
Since December 2023, we have had dialogues with 3D, including our top management and outside directors, to explain our management content, management strategy, and governance philosophy in detail and to gain their understanding. However, the presentation materials from 3D this time contain many figures that deviate from reality and information without rational basis. Moreover, the claims made therein do not take into account the explanations we have provided to 3D through our dialogues, which is truly regrettable.
Since our company's inception, we have conducted autonomous business operations and achieved steady growth. Recently, we have been working on enhancing shareholder returns, such as raising the dividend payout ratio to 50%, and setting goals for improving capital efficiency. Additionally, we have significantly reduced our strategic shareholding to secure funds for growth investments. Furthermore, at the annual general meeting of shareholders in June this year, we plan to propose a resolution to reduce the number of directors (from 13 to 11, with 6 of the 11 being independent outside directors) to further clarify the roles of supervision and business execution, and to further accelerate decision-making and strengthen supervisory functions. In this way, we will continue to meet the expectations of our shareholders through further strengthening of governance.
We are fully committed to maximizing the interests of all our stakeholders, including shareholders, through the steady implementation of the “NSSOL 2030 Vision” and the specific measures outlined in the “2025-2027 Medium-Term Management Plan (PDF: 1.1MB)”
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