Affiliates of STX Business Group held their respective regular general shareholders’ and BOD meetings to vote for the organization of new management and to seek ways to secure a new growth engine for the future.

Five listed affiliates of STX Business Group - STX Corporation, STX Pan Ocean, STX Offshore and Shipbuilding, STX Engine and STX Metal - held regular general shareholders’ meetings from March 25th to 29th in Seoul, Jinhae and Changwon, respectively. During the shareholders’ meetings, major agenda issues including the approval of financial statements, revisions of articles of association, appointment of committee members, etc., were resolved.

In addition, STX Corporation elected President Kim Dae-yoo as new Representative Director of STX Corporation, and STX Pan Ocean elected Vice President Choo Sung-yup and Bae Sun Ryung as new Representative Directors. STX Metal elected Vice President Yoo Chun-ill as new Representative Director.