Hyundai Motor : Inside Information / Ad Hoc Information Result of the 55th Annual General Meeting

[English Translation]

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Result of the 55th Annual General Meeting

1. Approval of the Financial Statements of the 55th Fiscal Year - Approved Financial Statements - Approved

		(Unit: M KRW)	Consolidated		Separate
		Auditor's		Unqualified		Unqualified
		Opinion
		Asset		255,742,462		83,412,349
		Liability		164,845,917		27,656,534
		Equity		90,896,545		55,755,815
		Revenue		142,527,535		65,308,350
		Operating		9,819,769		2,828,569
		Income
		Net Income		7,983,614		3,701,958
		EPS		28,521		14,328
Dividend - Approved
		(Unit : KRW)	Common Stock	2 Preferred Stock
		Cash Dividend		Year-end Dividend	6,000	6,100
			Interim Dividend	1,000	1,000
		Total Dividend					1,830,356,000,000
		Amount

2. Partial Amendments to the Articles of Incorporation - Approved

Agenda	Article
2-1) Amendment and addition to business	Article 2. Business Purpose (Amended)
purpose of the Company
2-2) Implementation of the Electronic	Article 13. Record Date (Amended)
Securities System
2-3) Improvement of Governance	Article 17. Quorum and Method of Resolution
(Paragraph (4) - Deleted)
2-4) Increasing the number of Directors	Article 22. Number and Method of Election of Directors
(Amended)
2-5) Amendment to Severance allowance	Article 27. Remuneration for Directors (Amended)
policy for Directors
2-6) Implementation of improved Dividend	Article 37. Payment of Dividends (Amended)
Procedure
2-7) Addenda	Addendum (2023.3.23) Article 1. Effective Date
(Newly Established)

3. Appointment of Directors

Agenda 3-1 : Appointment of Outside Directors (Approved)

Name	Date of birth		Major Career	Newly Elected/	Term
	Re-Elected
		[Current]
		·	Professor at Seoul National University
Seung-Hwa		·	School of Law / Graduate School of Law
June, 1963	Arbitrator of the International Court of	Newly Elected	3 Years
Chang		Arbitration (ICC)
		[Former]
		·	Chairman of Trade Commission, Ministry
			of Trade, Industry and Energy
		[Current]
		·	Professor at Konkuk University Graduate
Yoon-Hee			School of Law
April, 1964	[Former]	Newly Elected	3 Years
Choi
	·	Member of the National Election
		·	Commission
		Judge of the National Labor Relations
			Commission (NLRC)
Agenda 3-2 : Appointment of Internal Directors (Approved)
Name	Date of birth		Major Career	Newly Elected/	Term
	Re-Elected
		[Current]
		·	Global COO(Chief Operating Officer),
			HMC and President and CEO, Hyundai
			and Genesis Motor North America
	June, 1965	[Former]
Jose Munoz	·	Chief Performance Officer and Chairman	Newly Elected	3 Years
		·	China, Nissan
		Chief Performance Officer and Chairman
		·	North America, Nissan
		Executive Vice President (EVP),
			Chairman of Management Committee,
			North America, Nissan
		[Current]
		·	EVP, Finance & Accounting Division of
			HMC and Business Strategy Planning
			Division of HMC
Gang Hyun	January, 1968	[Former]	Re-Elected	3 Years
Seo	·	Senior Vice President, Finance &
		·	Accounting Division of Hyundai Steel
		Direct and Vice President, Accounting
		·	Management Group of HMC
		Director, Business Management Group of
			HMC

4. Appointment of Audit Committee Member - Approved

Name	Date of birth			Major Career	Newly Elected/		Term
		Re-Elected
		[Current]
		·	Professor at Seoul National University
Seung-Hwa		·	School of Law / Graduate School of Law
June, 1963	Arbitrator of the International Court of	Newly Elected		3 Years
Chang		Arbitration (ICC)
	[Former]
		·	Chairman of Trade Commission, Ministry
			of Trade, Industry and Energy
5. Approval of Ceiling Amount of Compensation for Directors - Approved
	Year			Number of BOD		Ceiling Amount
	2023			13 persons		20.0 billion Korean Won