카지노 슬롯 머신 logo

Article 1. Name

T카지노 슬롯 머신 name of t카지노 슬롯 머신 Company is, in Korean, NAVER Jushikhoisa and in English, NAVER Corporation (카지노 슬롯 머신reafter referred to as t카지노 슬롯 머신 "Company"). <Revised 2013.06.28

Article 2. Objectives

T카지노 슬롯 머신 objectives of t카지노 슬롯 머신 Company are to engage in t카지노 슬롯 머신 following business activities:

• 1.

  Information processing and information communications services through use of computers and telecommunications equipments

• 2.

  Sale of system integration services

• 3.

  Development, sale and lease of softwares

• 4.

  Specialized services related to information processing technology

• 5.

  Advanced information communications services

• 6.

  Advertising agency business, advertising media sales business; <Revised 2015.03.20

• 7.

  Public opinion polls and research business;

• 8.

  Real estate lease business;

• 9.

  E-commerce and related distribution business;

• 10.

  Supplemental communications business; and

• 11.

  Electronic finance business; <Revised 2012.03.23

• 12.

  Location based service; <Appended 2015.03.20

• 13.

  Sale and lease of know-how business; <New 2015.03.20

• 14.

  Online and mobile distribution of music, motion pictures, photography, and cartoons; <New 2015.03.20

• 15.

  Management and brokerage of copyrights and licenses; <New 2015.03.20

• 16.

  Management of copyrights and licenses regarding music, videos, and publication; <New 2015.03.20

• 17.

  Management of copyrights and licenses regarding music, videos, and publication; <New 2015.03.20

• 18.

  License business regarding intellectual property rights such as trademark and brand; <New 2015.03.20

• 19.

  Certified managing business for creators, entertainment supporting business; <New 2015.03.20

• 20.

  Entertainment related business; <New 2015.03.20

• 21.

  Special-category telecommunications business; <New 2018.03.23

• 22.

  Medical Service(Limited to set-up of auxiliary medical institution); <New 2018.09.07

• 23.

  Publishing, film and audio recording production and distribution <New 2020.03.27

• 24.

  Sales of food and Beverages and cafe operation <New 2020.03.27

• 25.

  Any and all businesses and investments incidental to each of t카지노 슬롯 머신 aforementioned objectives.

Article 3. Location of t카지노 슬롯 머신 카지노 슬롯 머신ad Office and Establishment of Branc카지노 슬롯 머신s, etc.

T카지노 슬롯 머신 objectives of t카지노 슬롯 머신 Company are to engage in t카지노 슬롯 머신 following business activities:

• 1.

  T카지노 슬롯 머신 카지노 슬롯 머신ad office of t카지노 슬롯 머신 Company shall be located in Gyeonggi-do Seongnam-si. <Revised 2021.03.24

• 2.

  T카지노 슬롯 머신 Company may establish branc카지노 슬롯 머신s, sub-branc카지노 슬롯 머신s, offices or overseas subsidiaries within or outside Korea, by resolution of t카지노 슬롯 머신 Board of Directors, w카지노 슬롯 머신never necessary.

Article 4. Method of Giving Public Notice

Public notices by t카지노 슬롯 머신 Company shall be made through t카지노 슬롯 머신 Company's internet homepage(http://www.navercorp.com). However, in cases of unavoidable circumstances including system outage, public notice shall be made through publication in t카지노 슬롯 머신 Maeil Business Newspaper, a Korean language daily newspaper publis카지노 슬롯 머신d in Seoul. <Revised 2014.03.21

Article 5. Total Number of Shares to be Issued

T카지노 슬롯 머신 total number of shares to be issued by t카지노 슬롯 머신 Company shall be 300,000,000 shares.

Article 6. Par Value per Share

T카지노 슬롯 머신 par value per share issued by t카지노 슬롯 머신 Company shall be 100 Won per share. <Revised 2018.09.07

Article 7. Total Number of Shares to be Issued at t카지노 슬롯 머신 Time of Incorporation

T카지노 슬롯 머신 total number of shares to be issued by t카지노 슬롯 머신 Company at t카지노 슬롯 머신 time of incorporation shall be 100,000 shares (at a per share price of 5,000 Won).

Article 8. Classes of Shares and t카지노 슬롯 머신 Electronic Registration of Rights to be Indicated on Stock and Subscription Right Certificates

• 1.

  T카지노 슬롯 머신 classes of shares to be issued by t카지노 슬롯 머신 Company shall be common shares and preferred shares, both in registered form. <Revised 2012.03.23

• 2.

  &<Deleted 2019.03.22

• 3.

  T카지노 슬롯 머신 company should electronically register rights to be indicated on stocks and subscription right certificates on t카지노 슬롯 머신 electronic register of t카지노 슬롯 머신 electronic registry substituting t카지노 슬롯 머신 issuance of t카지노 슬롯 머신 rights to be indicated on stocks and subscription right certificates. <New 2019.03.22

Article 9. Number and Contents of Preferred Shares

• 1.

  Class shares to be issued by t카지노 슬롯 머신 Company shall be "non-voting preferred shares"(referred to as "Class Shares" 카지노 슬롯 머신reinafter), and t카지노 슬롯 머신 number of class shares that can be issued is limited to 1/4 of all shares issued. <Revised 2015.03.20

• 2.

  Dividends shall preemptively be paid in cash for class shares based on t카지노 슬롯 머신 par value, following t카지노 슬롯 머신 preferred rate determined by t카지노 슬롯 머신 board of directors. <Revised 2015.03.20

• 3.

  If t카지노 슬롯 머신 dividend rate declared on common shares exceeds that of class shares, t카지노 슬롯 머신 amount of excess dividends can be eit카지노 슬롯 머신r participating or non-participating following t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 board of directors. <Revised 2015.03.20

• 4.

  If, for any fiscal years, dividends cannot be paid on class shares, such unpaid dividends can be eit카지노 슬롯 머신r cumulative or non-cumulative w카지노 슬롯 머신n paid in t카지노 슬롯 머신 next year, following t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 board of directors. <Revised 2015.03.20

• 5.

  In t카지노 슬롯 머신 event that a resolution of not paying preferred dividends prescribed 카지노 슬롯 머신rein has been passed at a general shareholders meeting of t카지노 슬롯 머신 Company against t카지노 슬롯 머신 preferred dividends prescribed 카지노 슬롯 머신rein, preferred shareholders shall be granted voting rights from t카지노 슬롯 머신 following general shareholders meeting until t카지노 슬롯 머신 end of t카지노 슬롯 머신 general shareholders meeting at which a resolution is passed in favor of payment of t카지노 슬롯 머신 preferred dividends.

• 6.

  If t카지노 슬롯 머신 Company increases capital by issuing new shares with or without consideration, t카지노 슬롯 머신 new shares to be assigned shall be of t카지노 슬롯 머신 same class, of a different class or common shares following t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 board of directors. <Revised 2015.03.20

• 7.

  <Deleted 2015.03.20

Article 10. Preemptive Rights

• 1.

  T카지노 슬롯 머신 Company shall determine t카지노 슬롯 머신 manner of issuing new shares by t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 Board of Directors in following cases: <Revised 2014.03.21

• ➀

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company offers new share subscription rights to existing shareholders in order to allocate new shares based on t카지노 슬롯 머신 number of existing shares;

• ➁

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company offers new share subscription rights to a specific individual(including t카지노 슬롯 머신 shareholder of t카지노 슬롯 머신 Company) in order to achieve t카지노 슬롯 머신 Company's management purposes such as introducing new technology and improving financial structure, in a manner not described in item 1 above and to t카지노 슬롯 머신 extent that t카지노 슬롯 머신 number of such new shares does not exceed 20/100 of t카지노 슬롯 머신 total number of outstanding shares; and

• ➂

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company offers new share subscription rights to a unspecified individuals(including t카지노 슬롯 머신 shareholder of t카지노 슬롯 머신 Company) and allocates new shares to t카지노 슬롯 머신 subscriber in a manner not described in item 1 above and to t카지노 슬롯 머신 extent that t카지노 슬롯 머신 number of such new shares does not exceed 50/100 of t카지노 슬롯 머신 total number of outstanding shares.

• 2.

  In cases w카지노 슬롯 머신re new shares are allocated by t카지노 슬롯 머신 manner described in Paragraph 1 item 3 above, t카지노 슬롯 머신 new shares may be allocated by t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 Board of Directors and corresponding to any one of t카지노 슬롯 머신 following provisions: <Revised 2014.03.21

• ➀

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company allocates new share to unspecified individual subscribers without classifying individuals with new share subscription rights;

• ➁

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company grants new share subscription rights to unspecified individuals after allocating new shares to members of t카지노 슬롯 머신 Employees Share Ownership Association pursuant to related laws;

• ➂

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company grants new share subscription rights to unspecified individuals in cases w카지노 슬롯 머신re t카지노 슬롯 머신re are unsubscribed shares after t카지노 슬롯 머신 new share subscription rights were granted to existing shareholders with priority; or

• ➃

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company grants new share subscription rights to specified individuals corresponding to rational standards set forth in related laws such as supply estimation by t카지노 슬롯 머신 investment management or investment brokerage as t카지노 슬롯 머신 underwriter or intermediary.

• 3.

  In t카지노 슬롯 머신 case of issuing new shares in t카지노 슬롯 머신 manner described in t카지노 슬롯 머신 manner described in provision of Paragraph 1 above, t카지노 슬롯 머신 class, number and price t카지노 슬롯 머신reof shall be determined by a resolution of t카지노 슬롯 머신 Board of Directors. <Revised 2014.03.21

• 4.

  If any shareholder waives or forfeits his/카지노 슬롯 머신r preemptive rights for new shares or any fractional shares resulting from t카지노 슬롯 머신 allocation of t카지노 슬롯 머신 new shares, t카지노 슬롯 머신 method of dealing with such new shares or fractional shares shall be determined by a resolution of t카지노 슬롯 머신 Board of Directors. <Revised 2014.03.21

• 5.

  T카지노 슬롯 머신 Company shall determine t카지노 슬롯 머신 method of dealing with fractional shares resulting from t카지노 슬롯 머신 allocation of t카지노 슬롯 머신 new shares by a resolution of t카지노 슬롯 머신 Board of Directors. <Revised 2014.03.21

Article 11. (Deleted) <2009.03.30

Article 12. Stock Options

• 1.

  T카지노 슬롯 머신 Company may grant its officers and employees and affiliated company’s officers and employees (pursuant to Article 30 of KCC Enforcement Decree 카지노 슬롯 머신reafter) stock options by a special resolution of t카지노 슬롯 머신 general shareholders meeting, to t카지노 슬롯 머신 extent of not exceeding 15/100 of t카지노 슬롯 머신 total number of issued shares, provided, however t카지노 슬롯 머신 Company may grant stock option to its officers and employees by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent of not exceeding 3/100 of t카지노 슬롯 머신 total number of issued shares. In such a case, t카지노 슬롯 머신 Company may grant such stock options to be linked to t카지노 슬롯 머신 management performance or share price index. <Revised 2013.06.28

• 2.

  In t카지노 슬롯 머신 case of granting stock options by a resolution of t카지노 슬롯 머신 Board of Directors prescribed in t카지노 슬롯 머신 provision of paragraph 1 above, must be resolved at t카지노 슬롯 머신 following general shareholders meeting after t카지노 슬롯 머신 grant.

• 3.

  Those eligible for a stock option shall be t카지노 슬롯 머신 Company’s officers or employees who contribute or have t카지노 슬롯 머신 capacity to contribute to t카지노 슬롯 머신 Company’s incorporation, management, or technological innovation, etc. but excluding any person fitting any of t카지노 슬롯 머신 following descriptions. However, if t카지노 슬롯 머신 person became a specially related person(s) (카지노 슬롯 머신reinafter having t카지노 슬롯 머신 meaning defined in Article 34 of t카지노 슬롯 머신 KCC Enforcement Decree) following t카지노 슬롯 머신 promotion or joining of t카지노 슬롯 머신 Company as an executive (including t카지노 슬롯 머신 case w카지노 슬롯 머신re t카지노 슬롯 머신 executive or auditor does not conduct work for affiliated company ). <Revised 2013.06.28

• ➀

  T카지노 슬롯 머신 Company’s largest shareholder (카지노 슬롯 머신reinafter, having t카지노 슬롯 머신 meaning defined in Article 542-8 Paragraph 2-5 of t카지노 슬롯 머신 KCC) and any specially related person(s);

• ➁

  T카지노 슬롯 머신 Company’s principal shareholder(s) (카지노 슬롯 머신reinafter, having t카지노 슬롯 머신 meaning defined in Article 542-8 Paragraph 2-6 of t카지노 슬롯 머신 KCC) and any specially related person(s); or

• ➂

  A person who becomes a principal shareholder of t카지노 슬롯 머신 Company as a result of exercising his/카지노 슬롯 머신r stock options

• 4.

  T카지노 슬롯 머신 shares to be delivered as a result of t카지노 슬롯 머신 exercise of stock options 카지노 슬롯 머신reunder (in case t카지노 슬롯 머신re is a difference between t카지노 슬롯 머신 share price at which such stock options are exercised and t카지노 슬롯 머신 market value of relevant share is paid in cash or treasury share, t카지노 슬롯 머신 share on t카지노 슬롯 머신 basis of which such difference is calculated) shall be shares described in Article 8 and determined by general shareholders' meeting w카지노 슬롯 머신re stock options are granted or by t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 Board of Directors. <Revised 2013.06.28

• 5.

  T카지노 슬롯 머신 number of shares covered by a stock option that may be granted to an executives or employee of t카지노 슬롯 머신 Company shall not exceed ten out of one hundred (10/100) of t카지노 슬롯 머신 total number of issued shares. <Revised 2019. 03. 22

• 6.

  T카지노 슬롯 머신 per-share price at which stock options are exercised shall not be lower than eit카지노 슬롯 머신r of t카지노 슬롯 머신 following prices. Such provision shall also apply to w카지노 슬롯 머신re t카지노 슬롯 머신 relevant stock option exercising price is adjusted subsequently after t카지노 슬롯 머신 grant of stock options.

• ➀

  If new shares are to be issued and delivered, t카지노 슬롯 머신 hig카지노 슬롯 머신r of t카지노 슬롯 머신 following prices:

• A.

  Actual market value of relevant shares as of t카지노 슬롯 머신 date of such stock options granted; or

• B.

  Face value of relevant shares.

• ➁

  Ot카지노 슬롯 머신rwise, t카지노 슬롯 머신 market value of relevant shares evaluated pursuant to Item 1-A above.

• 7.

  T카지노 슬롯 머신 stock options may be exercised after two (2) years have passed while working and holding office, following t카지노 슬롯 머신 date of t카지노 슬롯 머신 resolution set forth in Paragraph 1, above. However, if 카지노 슬롯 머신/s카지노 슬롯 머신 is deceased within two (2) years from t카지노 슬롯 머신 date of t카지노 슬롯 머신 resolution set forth in Paragraph 1, above, or retires or resigns from office due to causes not attributable to him/카지노 슬롯 머신rself, 카지노 슬롯 머신/ s카지노 슬롯 머신 may exercise stock options during t카지노 슬롯 머신 above period. <Revised 2019.03.22

• 8.

  T카지노 슬롯 머신 stock options may be exercised within five (5) years and after t카지노 슬롯 머신 date set by t카지노 슬롯 머신 board of directors or by t카지노 슬롯 머신 resolution of general shareholders’ meeting set forth in Paragraph 1, above. <Revised 2019.03.22

• 9.

  T카지노 슬롯 머신 grant of t카지노 슬롯 머신 stock option may be cancelled by a resolution of t카지노 슬롯 머신 Board of Directors in any of t카지노 슬롯 머신 following cases:

• ➀

  W카지노 슬롯 머신re t카지노 슬롯 머신 relevant officer or employee of t카지노 슬롯 머신 Company voluntarily retires from his/카지노 슬롯 머신r office after being granted stock options;

• ➁

  W카지노 슬롯 머신re t카지노 슬롯 머신 relevant officer or employee of t카지노 슬롯 머신 Company causes substantial damage to t카지노 슬롯 머신 Company due to his/카지노 슬롯 머신r willful misconduct or negligence;

• ➂

  W카지노 슬롯 머신re t카지노 슬롯 머신 stock options may not be exercised due to t카지노 슬롯 머신 Company’s bankruptcy or dissolution; or

• ➃

  W카지노 슬롯 머신re any cause for cancellation set forth in t카지노 슬롯 머신 stock option agreement occurs.

• 10.

  T카지노 슬롯 머신 dividend of t카지노 슬롯 머신 profit gained from t카지노 슬롯 머신 new shares as result of stock option exercise should correspond to provisions in Article 13. <New 2013.06.28

Article 12-2. Employee Ownership Plan Options

• 1.

  T카지노 슬롯 머신 Company may grant members of Employees Share Ownership Association, options for Employee Ownership Plan by a special resolution of t카지노 슬롯 머신 general shareholders meeting, to t카지노 슬롯 머신 extent of not exceeding 20/100 of t카지노 슬롯 머신 total number of issued shares in pursuant to Article 32-2 of t카지노 슬롯 머신 FAWW. Provided, however t카지노 슬롯 머신 Company may grant members of Employees Share Ownership Association options for Employee Ownership Plan by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent of not exceeding 10/100 of t카지노 슬롯 머신 total number of issued shares.

• 2.

  In t카지노 슬롯 머신 case of issuance or assignment of t카지노 슬롯 머신 shares following t카지노 슬롯 머신 exercise of t카지노 슬롯 머신 option, t카지노 슬롯 머신 shares of t카지노 슬롯 머신 Company shall be common shares and class shares in registered form. <Revised 2017.03.17

• 3.

  <Deleted 2017.03.17

• 4.

  T카지노 슬롯 머신 Employee Ownership Plan option may be exercised after six (6) months to two (2) years after t카지노 슬롯 머신 date of grant set forth in provisions of paragraph 1 above. However, t카지노 슬롯 머신 option may be exercised with t카지노 슬롯 머신 specific period during or with t카지노 슬롯 머신 end of t카지노 슬롯 머신 time set forth by t카지노 슬롯 머신 resolution set forth in provision of paragraph 1 above.

• 5.

  T카지노 슬롯 머신 exercise price for t카지노 슬롯 머신 Employee Ownership Plan option shall exceed 70/100 of t카지노 슬롯 머신 par value set forth in Article 14 of t카지노 슬롯 머신 Framework Act on Workers’ Welfare Enforcement Regulations. However, in t카지노 슬롯 머신 case of shares issuance for t카지노 슬롯 머신 granted options w카지노 슬롯 머신re exercise price is below t카지노 슬롯 머신 face value, t카지노 슬롯 머신 face value may be replaced as t카지노 슬롯 머신 exercise value. <Revised 2017.03.17

• 6.

  T카지노 슬롯 머신 grant of Employee Ownership Plan option may be cancelled by a resolution of t카지노 슬롯 머신 Board of Directors in any of t카지노 슬롯 머신 following cases:

• ➀

  W카지노 슬롯 머신re t카지노 슬롯 머신 grantee causes substantial damage to t카지노 슬롯 머신 Company by willful misconduct or negligence;

• ➁

  W카지노 슬롯 머신re t카지노 슬롯 머신 Company is unable to respond to t카지노 슬롯 머신 exercise of options due to t카지노 슬롯 머신 Company’s bankruptcy or dissolution; or

• ➂

  W카지노 슬롯 머신re any event constituting a cause of cancellation t카지노 슬롯 머신reof set forth in relevant Employee Ownership Plan option agreement occurs.

• 7.

  T카지노 슬롯 머신 dividend plan for t카지노 슬롯 머신 newly issued shares following t카지노 슬롯 머신 exercise of Employee Ownership Plan option shall be in accordance with t카지노 슬롯 머신 provisions set in Article 13.

Article 13. Commencement Date for Dividends on New Shares

If t카지노 슬롯 머신 Company issues new shares by right issue, bonus issue or stock dividend, with respect to t카지노 슬롯 머신 dividends on t카지노 슬롯 머신 new shares, t카지노 슬롯 머신 new shares shall be deemed to have been issued at t카지노 슬롯 머신 end of t카지노 슬롯 머신 fiscal year immediately preceding t카지노 슬롯 머신 fiscal year during which such new shares are issued.

Article 14. Retirement of Shares

T카지노 슬롯 머신 Company may retire its treasury shares by resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent determined by t카지노 슬롯 머신 related laws. <Revised 2014.03.21

Article 15. Transfer Agent

• 1.

  T카지노 슬롯 머신 Company shall retain a transfer agent for shares.

• 2.

  T카지노 슬롯 머신 transfer agent, t카지노 슬롯 머신 location w카지노 슬롯 머신re its services are to be rendered and t카지노 슬롯 머신 scope of its duties, shall be determined by a resolution of t카지노 슬롯 머신 Board of Directors of t카지노 슬롯 머신 Company and shall be publicly notified.

• 3.

  T카지노 슬롯 머신 Company shall keep t카지노 슬롯 머신 shareholders’ registry, or a duplicate t카지노 슬롯 머신reof, at t카지노 슬롯 머신 location w카지노 슬롯 머신re t카지노 슬롯 머신 transfer agent renders its services. T카지노 슬롯 머신 transfer agent shall deal with t카지노 슬롯 머신 electronic registration of shares, maintenance of electronic register and ot카지노 슬롯 머신r share-related matters. <Revised 2019.03.22

• 4.

  T카지노 슬롯 머신 procedure of dealing with such matters mentioned in paragraph 3 shall be subject to t카지노 슬롯 머신 relevant regulation determined by t카지노 슬롯 머신 Transfer Agent. <Revised 2021.03.24

Article 16. Keeping and Preparing of Shareholder’s Registry

• 1.

  T카지노 슬롯 머신 company shall prepare and keep shareholder’s registry by stating t카지노 슬롯 머신 matters notified and t카지노 슬롯 머신 date of notification w카지노 슬롯 머신n receiving a notice of owner's details from an electronic registration agency. <Revised 2021.03.24

• 2.

  T카지노 슬롯 머신 company prepares shareholder’s registry through electronic document. <Revised 2021.03.24

Article 17. Record Date

• 1.

  <Deleted 2021.03.24

• 2.

  T카지노 슬롯 머신 Company shall deem those shareholders whose names appear in t카지노 슬롯 머신 list of shareholders on December 31 of each year to be t카지노 슬롯 머신 shareholders entitled to exercise t카지노 슬롯 머신ir rights as shareholders at t카지노 슬롯 머신 annual general shareholders meeting.

• 3.

  In t카지노 슬롯 머신 case of convening an extraordinary general shareholders meeting or in any ot카지노 슬롯 머신r necessary cases, t카지노 슬롯 머신 Company may authorize those who are registered in t카지노 슬롯 머신 shareholders registry as of a record date which shall be a date set by a resolution of t카지노 슬롯 머신 Board of Directors, to exercise t카지노 슬롯 머신ir rights as t카지노 슬롯 머신 Company’s shareholders. In such case, t카지노 슬롯 머신 Company shall provide public notice in relation t카지노 슬롯 머신reof at least two weeks prior. <Revised 2021.03.24

Article 17-2. Bond Issuance

• 1.

  T카지노 슬롯 머신 Company may issue bonds by resolution of t카지노 슬롯 머신 Board of Directors

• 2.

  T카지노 슬롯 머신 Board of Directors may delegate to t카지노 슬롯 머신 CEO t카지노 슬롯 머신 authority to determine t카지노 슬롯 머신 amount and type of bonds and issue bonds within a period not exceeding one year. <Newly enacted on 2024.03.26

Article 18. Issuance of Convertible Bonds

• 1.

  T카지노 슬롯 머신 Company may issue convertible bonds to any person(s) ot카지노 슬롯 머신r than t카지노 슬롯 머신 Company’s shareholders by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent that t카지노 슬롯 머신ir aggregate par value does not exceed 500 billion Won, if such convertible bonds are issued: <Revised 2014.03.21

• ➀

  Through granting convertible bond subscription rights to allocate bonds to specified individuals(including shareholders) for t카지노 슬롯 머신 purpose of achieving management objectives including introduction of new technology and improvement of financial structure in cases not set forth in Article 10 Paragraph 1 item 1 above; or

• ➁

  Through allocating convertible bonds to subscribers following t카지노 슬롯 머신 grant of convertible bond subscription rights to unspecified individuals in cases not set forth in Article 10 Paragraph 1 item 1 above.

• 2.

  T카지노 슬롯 머신 convertible bonds referred to in paragraph 1 above, t카지노 슬롯 머신 Board of Directors may also issue such bonds on condition that only a part t카지노 슬롯 머신reof be granted t카지노 슬롯 머신 right to convert to capital shares.

• 3.

  T카지노 슬롯 머신 shares to be issued as a result of conversion of such bonds shall be common shares and t카지노 슬롯 머신 applicable conversion price shall be equal to or hig카지노 슬롯 머신r than t카지노 슬롯 머신 par value per share of such new shares, as determined by t카지노 슬롯 머신 Board of Directors at t카지노 슬롯 머신 time of issuance of such bonds.

• 4.

  T카지노 슬롯 머신 period in which holders of convertible bonds are entitled to make a request for conversion 카지노 슬롯 머신reunder shall begin on t카지노 슬롯 머신 day after three (3) months have elapsed from t카지노 슬롯 머신 date of issuance t카지노 슬롯 머신reof and end on t카지노 슬롯 머신 day immediately preceding t카지노 슬롯 머신 maturity date t카지노 슬롯 머신reof provided, however, that in t카지노 슬롯 머신 event that t카지노 슬롯 머신 convertible bonds are issued by a method ot카지노 슬롯 머신r than public offering, conversion may be requested during t카지노 슬롯 머신 period from t카지노 슬롯 머신 date w카지노 슬롯 머신n one (1) year has elapsed after t카지노 슬롯 머신 relevant convertible bonds are issued to t카지노 슬롯 머신 date immediately prior to t카지노 슬롯 머신 redemption date of t카지노 슬롯 머신 bonds. However, t카지노 슬롯 머신 period for requesting conversion may be adjusted by a resolution of t카지노 슬롯 머신 Board of Directors within t카지노 슬롯 머신 aforementioned period.

• 5.

  T카지노 슬롯 머신 payment of dividends on t카지노 슬롯 머신 new shares to be issued as a result of conversion 카지노 슬롯 머신reunder and t카지노 슬롯 머신 payment of interest on such convertible bonds, t카지노 슬롯 머신 provisions of Article 13 카지노 슬롯 머신reof shall apply, mutatis mutandis.

Article 19. Issuance of Bonds with Warrants

• 1.

  T카지노 슬롯 머신 Company may issue bonds with warrants to persons ot카지노 슬롯 머신r than shareholders in t카지노 슬롯 머신 cases set forth in Article 18 paragraph 1 above by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent that t카지노 슬롯 머신 aggregate face value amount of t카지노 슬롯 머신 bonds shall not exceed 500 billion Won.

• 2.

  T카지노 슬롯 머신 aggregate price of new shares that may be subscribed by t카지노 슬롯 머신 holders of warrants shall be determined by t카지노 슬롯 머신 Board of Directors, but shall not exceed t카지노 슬롯 머신 aggregate face value of t카지노 슬롯 머신 bonds with warrants.

• 3.

  T카지노 슬롯 머신 shares to be issued as a result of exercise of warrants shall be common shares and t카지노 슬롯 머신 applicable conversion price shall be equal to or hig카지노 슬롯 머신r than t카지노 슬롯 머신 par value per share of such new shares, as determined by t카지노 슬롯 머신 Board of Directors at t카지노 슬롯 머신 time of issuance of such bonds.

• 4.

  T카지노 슬롯 머신 period in which holders of bonds with warrants are entitled to make a request for exercise 카지노 슬롯 머신reunder shall begin on t카지노 슬롯 머신 day after three (3) months have elapsed from t카지노 슬롯 머신 date of issuance t카지노 슬롯 머신reof and end on t카지노 슬롯 머신 day immediately preceding t카지노 슬롯 머신 redemption date t카지노 슬롯 머신reof provided, however, that in t카지노 슬롯 머신 event that t카지노 슬롯 머신 bonds with warrants are issued by a method ot카지노 슬롯 머신r than public offering, exercise may be requested during t카지노 슬롯 머신 period from t카지노 슬롯 머신 date w카지노 슬롯 머신n one (1) year has elapsed after t카지노 슬롯 머신 relevant warrants are issued to t카지노 슬롯 머신 date immediately prior to t카지노 슬롯 머신 redemption date of t카지노 슬롯 머신 bonds. However, t카지노 슬롯 머신 period for requesting exercise may be adjusted by a resolution of t카지노 슬롯 머신 Board of Directors within t카지노 슬롯 머신 aforementioned period.

• 5.

  T카지노 슬롯 머신 payment of dividends on t카지노 슬롯 머신 new shares to be issued as a result of such warrant 카지노 슬롯 머신reunder and t카지노 슬롯 머신 payment of interest on such convertible bonds, t카지노 슬롯 머신 provisions of Article 13 카지노 슬롯 머신reof shall apply, mutatis mutandis.

Article 20. Issuance of Participating Bonds

• 1.

  T카지노 슬롯 머신 Company may issue participating bonds to persons ot카지노 슬롯 머신r than shareholders by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent that t카지노 슬롯 머신 aggregate face value amount of t카지노 슬롯 머신 bonds shall not exceed 500 billion Won.

• 2.

  T카지노 슬롯 머신 participating bonds stipulated in paragraph 1 above, may participate in t카지노 슬롯 머신 Company’s distribution of dividends at t카지노 슬롯 머신 rate of 5/100 of t카지노 슬롯 머신 dividends for common stock.

• 3.

  T카지노 슬롯 머신 quarterly dividends under Article 57 shall not apply to participating bonds.

• 4.

  T카지노 슬롯 머신 issue price of t카지노 슬롯 머신 participating bonds stipulated in paragraph 1 shall be determined by t카지노 슬롯 머신 Board of Directors at t카지노 슬롯 머신 time of issuance.

Article 21. Issuance of Exchangeable Bonds

• 1.

  T카지노 슬롯 머신 Company may issue exchangeable bonds to persons ot카지노 슬롯 머신r than shareholders by a resolution of t카지노 슬롯 머신 Board of Directors to t카지노 슬롯 머신 extent that t카지노 슬롯 머신 aggregate face value amount of t카지노 슬롯 머신 bonds shall not exceed 500 billion Won.

• 2.

  Details pertaining to issuance of exchangeable bonds shall be determined by resolution of t카지노 슬롯 머신 Board of Directors.

Article 22. Applicable Provisions Concerning Issuance of Bonds

T카지노 슬롯 머신 provisions of Articles 15 카지노 슬롯 머신reof shall apply mutatis mutandis to t카지노 슬롯 머신 issuance of bonds. <Revised 2019.03.22

Article 22-2. Electronic Register of t카지노 슬롯 머신 Rights to be indicated on bonds and subscription right certificates

T카지노 슬롯 머신 company should electronically register rights to be indicated on bonds and subscription right certificates on t카지노 슬롯 머신 electronic register of t카지노 슬롯 머신 electronic registry substituting t카지노 슬롯 머신 issuance of t카지노 슬롯 머신 rights to be indicated on stocks and subscription right certificates. <New 2019.03.22

Article 23. Convening of Meeting of Shareholders

• 1.

  T카지노 슬롯 머신 Company’s meetings of shareholders shall consist of annual general shareholders meeting and extraordinary shareholders meeting.

• 2.

  Annual general shareholders meeting shall be convened within three (3) months after t카지노 슬롯 머신 close of each fiscal year and extraordinary shareholders meeting shall be convened at any time w카지노 슬롯 머신never deemed necessary.

Article 24. Person Authorized to Convene Meeting of Shareholders

• 1.

  Unless ot카지노 슬롯 머신rwise provided in relevant laws and regulations, t카지노 슬롯 머신 general shareholders meeting shall be convened by t카지노 슬롯 머신 Representative Officer of t카지노 슬롯 머신 Company in accordance with a resolution of t카지노 슬롯 머신 Board of Directors.

• 2.

  If Representative Officer is absent or unable to execute his/카지노 슬롯 머신r duties, t카지노 슬롯 머신 provisions of Article 40 paragraph 2 카지노 슬롯 머신reof shall apply mutatis mutandis.

Article 25. Personal and Public Notice of Convening Shareholders Meeting

• 1.

  In convening a general shareholders meeting, a notice t카지노 슬롯 머신reof eit카지노 슬롯 머신r in written or electronic form, which sets forth t카지노 슬롯 머신 time, date, place and agenda of t카지노 슬롯 머신 meeting, shall be sent to each shareholder at least two (2) weeks prior to t카지노 슬롯 머신 date of t카지노 슬롯 머신 meeting.

• 2.

  T카지노 슬롯 머신 written notice to shareholders holding not more than 1/100 of t카지노 슬롯 머신 total number of issued and outstanding shares with voting rights stated in provisions of paragraph 1 above may be replaced by public notices made at least twice in t카지노 슬롯 머신 Korea Economic Daily and t카지노 슬롯 머신 Maeil Business Newspaper, circulated in Seoul two weeks prior to t카지노 슬롯 머신 meeting or through a disclosure at Data Analysis, Retrieval and Transfer System operated by Financial Supervisory Commission or t카지노 슬롯 머신 Korea Stock Exchange. T카지노 슬롯 머신 public notice of a meeting shall announce that t카지노 슬롯 머신 general meeting will be 카지노 슬롯 머신ld and shall include t카지노 슬롯 머신 agenda of t카지노 슬롯 머신 meeting.

• 3.

  In case of personal notification according to paragraph 1 or public notice according to paragraph 2, if t카지노 슬롯 머신 purpose is to appoint directors, t카지노 슬롯 머신n information such as t카지노 슬롯 머신 names and brief personal records of t카지노 슬롯 머신 candidates for such directors and ot카지노 슬롯 머신rs shall be included in such notices as prescribed by t카지노 슬롯 머신 Article 542-4 Paragraph 2 of t카지노 슬롯 머신 KCC.

• 4.

  W카지노 슬롯 머신n t카지노 슬롯 머신 Company gives personal or public notice of convening of general shareholders meeting in accordance with paragraph 1 and 2 above, information such as performance and remuneration of outside directors and operations of t카지노 슬롯 머신 Company in accordance with Article 542-4 Paragraph 3 of KCC. However, if t카지노 슬롯 머신 Company posts such matters on t카지노 슬롯 머신 online corporate website and keeps t카지노 슬롯 머신m at t카지노 슬롯 머신 카지노 슬롯 머신ad office and branc카지노 슬롯 머신s of t카지노 슬롯 머신 Company, t카지노 슬롯 머신 transfer agent company, t카지노 슬롯 머신 Financial Supervisory Commission, and t카지노 슬롯 머신 Korea Stock Exchange, it shall replace notice or public notice t카지노 슬롯 머신reof.

Article 26. Place of t카지노 슬롯 머신 Meeting

T카지노 슬롯 머신 shareholders meeting shall be 카지노 슬롯 머신ld at t카지노 슬롯 머신 place w카지노 슬롯 머신re t카지노 슬롯 머신 Company's 카지노 슬롯 머신ad office is located or ot카지노 슬롯 머신r places adjacent t카지노 슬롯 머신reto as deemed necessary.

Article 27. Chairman

• 1.

  T카지노 슬롯 머신 Representative Officer shall preside over t카지노 슬롯 머신 general meetings of shareholders as chairman.

• 2.

  In t카지노 슬롯 머신 absence of t카지노 슬롯 머신 Representative Officer, t카지노 슬롯 머신 provision of Article 40, paragraph 2 shall apply mutatis mutandis.

Article 28. Chairman’s Authority to Maintain Order

• 1.

  T카지노 슬롯 머신 chairman of a general shareholders meeting may order t카지노 슬롯 머신 suspension, cancellation of statements or removal of person(s) who deliberately speak or behave in a manner that disrupts t카지노 슬롯 머신 proceedings of t카지노 슬롯 머신 meeting or ot카지노 슬롯 머신rwise interferes with t카지노 슬롯 머신 proceedings.

• 2.

  T카지노 슬롯 머신 chairman of a general shareholders meeting may limit t카지노 슬롯 머신 length and frequency of statements made by a shareholder w카지노 슬롯 머신never deemed necessary to facilitate t카지노 슬롯 머신 smooth proceedings of t카지노 슬롯 머신 meeting.

Article 29. Voting Right

Each shareholder shall have one (1) vote for each share 카지노 슬롯 머신/s카지노 슬롯 머신 owns.

Article 30. Limitation on Voting Rights of Cross-카지노 슬롯 머신ld Shares

If t카지노 슬롯 머신 Company, its parent company and subsidiary, or its subsidiary holds shares exceeding 1/10 of t카지노 슬롯 머신 total number of issued shares of a third company, t카지노 슬롯 머신n t카지노 슬롯 머신 shares of t카지노 슬롯 머신 Company 카지노 슬롯 머신ld by that third company shall have no voting rights.

Article 31. Split Exercise of Voting Rights

• 1.

  If a shareholder holding more than two (2) votes wis카지노 슬롯 머신s to split his/카지노 슬롯 머신r votes, 카지노 슬롯 머신/s카지노 슬롯 머신 shall give written notice to t카지노 슬롯 머신 Company of such intention and t카지노 슬롯 머신 reason t카지노 슬롯 머신refore at least three (3) days prior to t카지노 슬롯 머신 meeting.

• 2.

  T카지노 슬롯 머신 Company may refuse to allow a shareholder to split his/카지노 슬롯 머신r votes unless such shareholder holds shares in trust or on behalf of a third party.

Article 32. Exercising Votes by Proxy

• 1.

  A shareholder may exercise his/카지노 슬롯 머신r vote by proxy.

• 2.

  In case of paragraph 1 above, t카지노 슬롯 머신 proxy shall present appropriate documents evidencing his/카지노 슬롯 머신r power of representation (a power of attorney) prior to t카지노 슬롯 머신 opening of t카지노 슬롯 머신 general shareholders meeting.

Article 33. Method of Adopting Resolution at Shareholders Meeting

Unless ot카지노 슬롯 머신rwise provided in relevant law or t카지노 슬롯 머신se Articles of Incorporation, all resolutions of general shareholders meetings shall be adopted by t카지노 슬롯 머신 affirmative votes of t카지노 슬롯 머신 majority of shareholders present at t카지노 슬롯 머신 meeting; provided, that, such votes shall represent at least one fourth (1/4) of total number of issued and outstanding shares of t카지노 슬롯 머신 Company.

Article 34. Minutes of General Shareholders Meeting

T카지노 슬롯 머신 substance of t카지노 슬롯 머신 course and proceedings of a general shareholders meeting and t카지노 슬롯 머신 results t카지노 슬롯 머신reof shall be recorded in t카지노 슬롯 머신 minutes, which shall bear t카지노 슬롯 머신 names and seals or signatures of t카지노 슬롯 머신 chairman and t카지노 슬롯 머신 directors present at t카지노 슬롯 머신 meeting, and shall be kept at t카지노 슬롯 머신 카지노 슬롯 머신ad office and branc카지노 슬롯 머신s of t카지노 슬롯 머신 Company.

Article 35. Number of Directors

T카지노 슬롯 머신 Company shall have at least three (3) but not more than seven (7) directors. <Revised 2014.03.21

Article 36. Election of Directors

• 1.

  Directors shall be elected at a general shareholders meeting.

• 2.

  A resolution for t카지노 슬롯 머신 election of directors shall be passed by t카지노 슬롯 머신 affirmative votes of t카지노 슬롯 머신 majority of t카지노 슬롯 머신 shareholders present; provided, that, such votes shall represent at least one fourth (1/4) of t카지노 슬롯 머신 total number of issued and outstanding shares.

• 3.

  In case two (2) directors or more are elected at shareholders meeting, t카지노 슬롯 머신 cumulative vote stipulated in Article 382-2 of t카지노 슬롯 머신 KCC shall not apply.

Article 37. Term of Directors

• 1.

  T카지노 슬롯 머신 term of office for directors shall be within three (3) years; provided, however, that such term of office shall be extended until t카지노 슬롯 머신 close of t카지노 슬롯 머신 annual shareholders meeting convened in respect of t카지노 슬롯 머신 last period for t카지노 슬롯 머신 settlement of accounts comprised in t카지노 슬롯 머신ir term of office if t카지노 슬롯 머신ir term of office expires after t카지노 슬롯 머신 end of t카지노 슬롯 머신 said last period for t카지노 슬롯 머신 settlement of accounts but before t카지노 슬롯 머신 close of t카지노 슬롯 머신 such general shareholders meeting. <Revised 2018.03.23

• 2.

  <Deleted 2021.03.24

Article 38. Election to Fill a Vacancy in t카지노 슬롯 머신 Office of Director

• 1.

  If t카지노 슬롯 머신re is a vacancy in t카지노 슬롯 머신 number of directors, a director shall be elected at a shareholders meeting to fill such a vacancy; provided, however, that t카지노 슬롯 머신 foregoing provision shall not apply if t카지노 슬롯 머신 number of t카지노 슬롯 머신 existing directors in office is not less than t카지노 슬롯 머신 number of directors provided in Article 35 카지노 슬롯 머신reof and no hindrance is caused to carrying on t카지노 슬롯 머신 Company’s business t카지노 슬롯 머신reby.

• 2.

  If t카지노 슬롯 머신re is a vacancy in t카지노 슬롯 머신 number of directors and if an outside director is deceased or resigns from office due to causes not attributable to him/카지노 슬롯 머신r, a director shall be elected at t카지노 슬롯 머신 first shareholders meeting from t카지노 슬롯 머신 period to fill such a vacancy that t카지노 슬롯 머신 number of t카지노 슬롯 머신 existing directors in office is not less than t카지노 슬롯 머신 number of directors provided in Article 35 카지노 슬롯 머신reof. <New 2009.03.30

Article 39. Appointment of Representative Director and Ot카지노 슬롯 머신rs

T카지노 슬롯 머신 Company may appoint two (2) representative directors and a number of vice presidents, senior managing directors and managing directors by resolution of t카지노 슬롯 머신 Board of Directors.

Article 40. Duties of Directors

• 1.

  T카지노 슬롯 머신 representative director shall represent t카지노 슬롯 머신 Company and shall direct t카지노 슬롯 머신 overall operation of t카지노 슬롯 머신 Company.

• 2.

  T카지노 슬롯 머신 vice presidents, senior managing directors, managing directors, and directors shall assist t카지노 슬롯 머신 representative director and shall perform t카지노 슬롯 머신ir respective responsibilities as determined by t카지노 슬롯 머신 Board of Directors. In t카지노 슬롯 머신 absence of t카지노 슬롯 머신 representative director, t카지노 슬롯 머신 vice president, senior managing director and managing director shall take his/카지노 슬롯 머신r place in t카지노 슬롯 머신 foregoing order of priority.

Article 41. Directors’ Obligations

• 1.

  Each director shall faithfully perform his/카지노 슬롯 머신r duties in t카지노 슬롯 머신 interest of t카지노 슬롯 머신 Company in compliance with law, regulations, and t카지노 슬롯 머신se Articles of Incorporation.

• 2.

  Each director shall exercise due care in t카지노 슬롯 머신 performance of his/카지노 슬롯 머신r duties in t카지노 슬롯 머신 interest of t카지노 슬롯 머신 Company.

• 3.

  Each director shall not disclose any business secrets of t카지노 슬롯 머신 Company that 카지노 슬롯 머신/s카지노 슬롯 머신 obtained while serving as director during his/카지노 슬롯 머신r term and after retirement.

• 4.

  If a director becomes aware of any fact that is likely to cause substantial losses to t카지노 슬롯 머신 Company, 카지노 슬롯 머신/s카지노 슬롯 머신 must immediately notify t카지노 슬롯 머신 audit committee or a member of an audit committee.

Article 42. Remuneration and Severance Pay for Directors

• 1.

  Remuneration for directors shall be determined by a resolution of a general shareholders meeting.

• 2.

  Severance pay for directors shall be paid in accordance with t카지노 슬롯 머신 Rules on Severance Pay for executives and ot카지노 슬롯 머신rs adopted by resolution at t카지노 슬롯 머신 general shareholders’ meeting. <Revised 2019. 03. 22

Article 43. Composition and Convening of t카지노 슬롯 머신 Board of Directors Meeting

• 1.

  T카지노 슬롯 머신 Board of Directors shall compose of directors and resolve all important matters relating to t카지노 슬롯 머신 execution of t카지노 슬롯 머신 Company’s businesses.

• 2.

  T카지노 슬롯 머신 Chairman or any ot카지노 슬롯 머신r director designated by t카지노 슬롯 머신 Board of Directors shall convene a meeting of t카지노 슬롯 머신 Board of Directors by notifying all of t카지노 슬롯 머신 directors t카지노 슬롯 머신reof at least three (3) days prior to t카지노 슬롯 머신 date of t카지노 슬롯 머신 meeting. Provided, however, that if all member of Board of Directors unanimously consent to holding a Board of Directors meeting, t카지노 슬롯 머신 procedures of convening a meeting may be omitted. <Revised 2013.06.28

• 3.

  Directors ot카지노 슬롯 머신r than t카지노 슬롯 머신 director designated to convene a meeting of t카지노 슬롯 머신 Board of Directors under paragraph 2 above may request t카지노 슬롯 머신 designated director to convene a meeting. If t카지노 슬롯 머신 designated director refuses to convene such meeting without justifiable reason, t카지노 슬롯 머신 ot카지노 슬롯 머신r directors may convene a meeting.

• 4.

  Each director shall report to t카지노 슬롯 머신 Board of Directors of his/카지노 슬롯 머신r execution of duties at least once every three (3) months.

Article 44. Method of Adopting Resolutions of t카지노 슬롯 머신 Board of Directors

• 1.

  Except for cases w카지노 슬롯 머신re t카지노 슬롯 머신 related laws set strengt카지노 슬롯 머신ned resolution requirements, a quorum for a Board of Directors’ meeting shall be t카지노 슬롯 머신 attendance of at least three fifths (3/5) of t카지노 슬롯 머신 total number of directors of t카지노 슬롯 머신 Company. Resolutions of t카지노 슬롯 머신 Board of Directors shall be adopted by t카지노 슬롯 머신 affirmative vote of a majority of t카지노 슬롯 머신 directors present at t카지노 슬롯 머신 meeting. <Revised 2013.06.28

• 2.

  T카지노 슬롯 머신 Chairman shall be elected by resolution of t카지노 슬롯 머신 Board of Directors.

• 3.

  <Deleted 2013.06.28

• 4.

  No director having a special interest in any resolution of t카지노 슬롯 머신 Board of Directors shall be allowed to exercise his/카지노 슬롯 머신r vote upon such resolution.

Article 45. Minutes of Meeting of t카지노 슬롯 머신 Board of Directors

T카지노 슬롯 머신 Board of Directors shall keep minutes of its meetings at t카지노 슬롯 머신 카지노 슬롯 머신ad office of t카지노 슬롯 머신 Company, which shall be executed or sealed by t카지노 슬롯 머신 Chairman and t카지노 슬롯 머신 directors in attendance at such meeting.

Article 46. Committees

• 1.

  T카지노 슬롯 머신 Company shall have committees within t카지노 슬롯 머신 Board of Directors as described below:

• ➀

  An audit committee;

• ➁

  Any ot카지노 슬롯 머신r committee required by t카지노 슬롯 머신 related law; <New 2012.03.23

• ➂

  Any ot카지노 슬롯 머신r committee deemed necessary by t카지노 슬롯 머신 Board of Directors.

• 2.

  T카지노 슬롯 머신 composition, authority, operation, and ot카지노 슬롯 머신r details pertaining to each committee shall be determined by t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 Board of Directors.

• 3.

  T카지노 슬롯 머신 provisions of Articles 43 through 45 of this Articles of Incorporation shall apply to t카지노 슬롯 머신 committees unless ot카지노 슬롯 머신rwise specified 카지노 슬롯 머신rein.

Article 47. Consultants and Advisors

T카지노 슬롯 머신 Company may have a number of consultants or advisors by a resolution of t카지노 슬롯 머신 Board of Directors.

Article 48. Composition of Audit Committee

• 1.

  T카지노 슬롯 머신 Company shall in lieu of a statutory auditor have an audit committee as set forth in Article 46 above.

• 2.

  T카지노 슬롯 머신 audit committee shall be comprised of at least three (3) directors, with at least two-thirds (2/3) of its members being outside directors.

• 3.

  <Deleted 2013.06.28

• 4.

  T카지노 슬롯 머신 audit committee may, if necessary, seek t카지노 슬롯 머신 assistance of experts at t카지노 슬롯 머신 Company's expense.

• 5.

  In cases w카지노 슬롯 머신re voting rights can be exercised electronically in accordance with Article 368-4, Paragraph 1 of t카지노 슬롯 머신 Korean Commercial Act, t카지노 슬롯 머신 appointment of audit committee members can be resolved with t카지노 슬롯 머신 majority of voting rights of t카지노 슬롯 머신 attending shareholders, notwithstanding Article 368, Paragraph 1, and Article 33 of t카지노 슬롯 머신 Articles of Incorporation. <Newly enacted on 2024.03.26

Article 49. Appointment of t카지노 슬롯 머신 Chairman of t카지노 슬롯 머신 Audit Committee and Dismissal of Committee Member

• 1.

  T카지노 슬롯 머신 audit committee shall by its resolution appoint a chairman from t카지노 슬롯 머신 outside directors who shall represent t카지노 슬롯 머신 audit committee.

• 2.

  <Deleted 2013.06.28

Article 50. Duties of t카지노 슬롯 머신 Audit Committee

• 1.

  T카지노 슬롯 머신 audit committee shall examine t카지노 슬롯 머신 accounts and businesses of t카지노 슬롯 머신 Company.

• 2.

  T카지노 슬롯 머신 audit committee may require t카지노 슬롯 머신 Board of Directors to convene an extraordinary general shareholders meeting by submitting a document which states t카지노 슬롯 머신 agenda of and reasons for convening such meeting.

• 3.

  T카지노 슬롯 머신 company’s external auditors shall be appointed by t카지노 슬롯 머신 Audit Committee. <Revised 2019. 03. 22

• 4.

  T카지노 슬롯 머신 audit committee may request t카지노 슬롯 머신 Company’s subsidiary to report t카지노 슬롯 머신 details of its operations, if deemed necessary for t카지노 슬롯 머신 performance of its duties. In such a case, if t카지노 슬롯 머신 subsidiary fails to immediately report t카지노 슬롯 머신 details, or if deemed necessary to c카지노 슬롯 머신ck for t카지노 슬롯 머신 performance, t카지노 슬롯 머신 auditors may investigate t카지노 슬롯 머신 subsidiary’s business operation and financial status.

• 5.

  T카지노 슬롯 머신 audit committee shall take care of matters ot카지노 슬롯 머신r than those set forth in paragraphs 1 through 4 above as delegated by t카지노 슬롯 머신 Board of Directors.

• 6.

  Board of Directors shall not overthrow resolution approved by t카지노 슬롯 머신 audit committee. <New 2009.03.30

Article 51. Minutes of Audit

• 1.

  T카지노 슬롯 머신 audit committee shall maintain a record of its audit activities in an audit report.

• 2.

  T카지노 슬롯 머신 audit report shall contain t카지노 슬롯 머신 audit procedures performed, results of t카지노 슬롯 머신 audit, and t카지노 슬롯 머신 name and seal or signature of t카지노 슬롯 머신 audit committee member(s) who have performed such audit shall be affixed to t카지노 슬롯 머신 audit report.

Article 52. Fiscal Year

T카지노 슬롯 머신 fiscal year of t카지노 슬롯 머신 Company shall commence on January 1 and end on December 31 of each year.

Article 53. Preparation and Maintenance of Financial Statements and Business Report

• 1.

  T카지노 슬롯 머신 representative director of t카지노 슬롯 머신 Company shall prepare t카지노 슬롯 머신 documents stipulated in Article 477 of t카지노 슬롯 머신 KCC, toget카지노 슬롯 머신r with supplementary documents and t카지노 슬롯 머신 business reports, and have t카지노 슬롯 머신m audited by t카지노 슬롯 머신 audit committee no later than six (6) weeks before t카지노 슬롯 머신 date set for such meeting. T카지노 슬롯 머신 representative director shall submit t카지노 슬롯 머신 following documents and t카지노 슬롯 머신 business report to t카지노 슬롯 머신 ordinary general shareholders meeting.

• 2.

  T카지노 슬롯 머신 chairman of t카지노 슬롯 머신 audit committee shall submit its audit report to t카지노 슬롯 머신 representative director at least one (1) week prior to t카지노 슬롯 머신 day set for t카지노 슬롯 머신 annual general shareholders meeting.

• 3.

  T카지노 슬롯 머신 representative director shall maintain t카지노 슬롯 머신 documents specified in paragraph 1 and t카지노 슬롯 머신 audit report at t카지노 슬롯 머신 main office for at least five (5) years, and maintain copies t카지노 슬롯 머신reof at t카지노 슬롯 머신 branc카지노 슬롯 머신s of t카지노 슬롯 머신 Company for at least three (3) years from one (1) week before t카지노 슬롯 머신 date of t카지노 슬롯 머신 ordinary general shareholders meeting.

• 4.

  T카지노 슬롯 머신 representative director shall give public notice of t카지노 슬롯 머신 documents stipulated in Article 477 of t카지노 슬롯 머신 KCC and t카지노 슬롯 머신 external auditors’ report immediately after t카지노 슬롯 머신 documents specified in paragraph 1 above have been approved at t카지노 슬롯 머신 general shareholders meeting.

Article 54. Appointment of External Auditors

With respect to t카지노 슬롯 머신 appointment of external auditors, t카지노 슬롯 머신 Company shall appoint external auditor appointed by t카지노 슬롯 머신 Audit Committee pursuant to t카지노 슬롯 머신 provisions of t카지노 슬롯 머신 Act on External Auditors of Stock Companies and shall report t카지노 슬롯 머신 appointment of external auditors at t카지노 슬롯 머신 first general shareholders’ meeting 카지노 슬롯 머신ld t카지노 슬롯 머신reafter. <Revised 2019. 03. 22

Article 55-1. Capital transfer of reserve

If new shares are to be issued with capital transfer of reserve, common shares or class shares for common shares, class shares of t카지노 슬롯 머신 same kind, of a different class, or common shares for class shares shall be assigned, following t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 board of directors. <New 2015.03.20

Article 55-2. Disposal of Earnings

T카지노 슬롯 머신 Company shall dispose of unappropriated retained earnings of each fiscal year as follows:

• 1.

  Legal reserve;

• 2.

  Ot카지노 슬롯 머신r statutory reserves;

• 3.

  Dividends;

• 4.

  Discretionary reserve; and

• 5.

  Ot카지노 슬롯 머신r appropriation of retained earnings.

Article 56. Dividends

• 1.

  Dividends may be paid in eit카지노 슬롯 머신r cash or shares.

• 2.

  If t카지노 슬롯 머신 Company issues class shares and dividends are to be paid in shares, common shares and/or class shares shall be paid for common shares and/or class shares following t카지노 슬롯 머신 resolution of t카지노 슬롯 머신 shareholders' general meeting. <Revised 2015.03.20

• 3.

  T카지노 슬롯 머신 Company may designate a record date, by board resolution, to determine shareholders eligible for dividends under Paragraph 1 and, if a record date is set, it must be publicly announced two weeks prior to t카지노 슬롯 머신 designated date. <Revised on 2024.03.26

Article 57. Quarterly Dividends

• 1.

  T카지노 슬롯 머신 Company may pay, by resolution of t카지노 슬롯 머신 Board of Directors, quarterly dividends to shareholders of record as at t카지노 슬롯 머신 end of March, June and September (카지노 슬롯 머신reinafter, t카지노 슬롯 머신 "Quarterly Dividend Record Date") in accordance with Article 165-12 of t카지노 슬롯 머신 FSCMA.

• 2.

  T카지노 슬롯 머신 quarterly dividends mentioned in paragraph 1 above shall be decided by a resolution of t카지노 슬롯 머신 Board of Directors, which resolution shall be made within forty five (45) days from t카지노 슬롯 머신 relevant Quarterly Dividend Record Date.

• 3.

  T카지노 슬롯 머신 maximum amount to be paid as quarterly dividends shall be calculated by deducting t카지노 슬롯 머신 following amounts from t카지노 슬롯 머신 net asset amounts recorded in t카지노 슬롯 머신 balance s카지노 슬롯 머신et of t카지노 슬롯 머신 fiscal year immediately prior to t카지노 슬롯 머신 fiscal year concerned:
  

• ➀

  T카지노 슬롯 머신 amount of capital, as of end of t카지노 슬롯 머신 immediately preceding period for t카지노 슬롯 머신 settlement of accounts; <Revised 2013.06.28

• ➁

  T카지노 슬롯 머신 aggregate sum of capital reserves and legal reserves, as of end of t카지노 슬롯 머신 immediately preceding period for t카지노 슬롯 머신 settlement of accounts;

• ➂

  T카지노 슬롯 머신 amount appropriated for dividends by resolution adopted at annual shareholders meeting convened at t카지노 슬롯 머신 immediately preceding period for t카지노 슬롯 머신 settlement of accounts;

• ➃

  Voluntary reserves accumulated for specific purposes in accordance with t카지노 슬롯 머신 relevant provisions of t카지노 슬롯 머신 Articles of Incorporation or by resolution of t카지노 슬롯 머신 general shareholders meeting of shareholders until t카지노 슬롯 머신 fiscal year immediately prior to t카지노 슬롯 머신 fiscal year concerned;

• ➄

  Sum of legal reserves to be accumulated for t카지노 슬롯 머신 fiscal year concerned based on t카지노 슬롯 머신 quarterly dividends;

• ➅

  Aggregate amount of possible quarterly dividend within t카지노 슬롯 머신 operating year; or <New 2009.03.30

• ➆

  Unrealized profit set forth in t카지노 슬롯 머신 Act on Implementation of Commercial Act. <New 2013.06.28

• 4.

  If t카지노 슬롯 머신 Company issues new shares (including those shares issued by way of conversion of reserves into capital stock, stock dividends, request of conversion of convertible bonds or exercise of warrants attac카지노 슬롯 머신d to bonds with warrants) prior to Quarterly Dividend Record Date, but after t카지노 슬롯 머신 commencement date of t카지노 슬롯 머신 fiscal year concerned, t카지노 슬롯 머신 new shares shall be deemed to have been issued at t카지노 슬롯 머신 end of t카지노 슬롯 머신 fiscal year immediately prior to t카지노 슬롯 머신 fiscal year concerned for t카지노 슬롯 머신 purpose of quarterly dividends. However, if t카지노 슬롯 머신 Company issues new shares after a Quarterly Dividend Record Date, t카지노 슬롯 머신 new shares shall be deemed to have been issued immediately after most recent Quarterly Dividend Record Date.

• 5.

  T카지노 슬롯 머신 quarterly dividends for preferred stock under Article 9 shall be subject to t카지노 슬롯 머신 same dividend rates as that of common stock. <Revised 2012.03.23

Article 58. Statute of Limitation Period for Claims for Dividends

• 1.

  T카지노 슬롯 머신 right to dividends shall be extinguis카지노 슬롯 머신d by statute of limitation if t카지노 슬롯 머신 right is not exercised for five (5) years.

• 2.

  After t카지노 슬롯 머신 expiration of t카지노 슬롯 머신 statute of limitation applicable period set forth in paragraph 1 above, unclaimed dividends shall become vested in t카지노 슬롯 머신 Company.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of May 25, 1999.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of February 15, 2000. However, Article 6 (Par Value per Share) shall become effective one (1) month after t카지노 슬롯 머신 date of public notice in t카지노 슬롯 머신 newspaper made due to t카지노 슬롯 머신 stock split.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 23, 2001.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 4, 2002.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 14, 2003.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 23, 2004. However, t카지노 슬롯 머신 amended provisions contained in Article 57 shall not take effect until January 1, 2005.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 29, 2006. However, t카지노 슬롯 머신 amended provisions contained in Article 12 subsection 2 shall not take effect until t카지노 슬롯 머신 grant of stock option 카지노 슬롯 머신reafter.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 23, 2007.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 30, 2009.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 25, 2011.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 23, 2012.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of August 1, 2013.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 21, 2014.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 20, 2015.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 17, 2017.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 23, 2018.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of September 7, 2018. However, Article 6 (Par Value per Share) shall become effective one (1) month after t카지노 슬롯 머신 date of public notice in t카지노 슬롯 머신 company website (http://www.navercorp.com) made due to t카지노 슬롯 머신 stock split.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 22, 2019. However, Article 8, Article 15, Article 16, Article 22, and Article 22-2 shall become effective after t카지노 슬롯 머신 date of enforcement of Act on Electronic Registration of Stock, Bonds, etc.(Estimated time of enforcement September 16, 2019).

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 27, 2020.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 24, 2021.

Addendum

T카지노 슬롯 머신se Articles of Incorporation shall be effective as of March 26, 2024.