Hyundai M.gds O Regulatory News (HYUO)

23 Feb 2006 08:50

Hyundai Motor Company23 February 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : February 23, 2006Disclosure title: Change for Business Objective Date of Original Announcement : January 26, 2006 Category Before Change After Change#2 Below and ------------------------------------------------------ mail-order sales business and telemarketing and sales business'Contents ofAddition' 'Details of Mail-order sales business Telemarketing and sales businessContents ofAddition' ------& mail-order sales -------------------------------------- & telemarketing business and sales business column 1. Category : Addition of Business Objective 2. Contents of addition : Auto supplies manufacture and sales business , the recycling business, franchise business and telemarketing and sales business 3. Reason for addition : To establish a basis for pursuing a new business opportunity 4. Resolution date of Board of Directors : January 26, 2006 -attendance of outside directors : 3 out of 4 -attendance of auditors(who are not outside directors) : - 5. Expected date for the General Meeting of Shareholders : - March 10, 2006 6. Others 1) The articles of addition of business objective in # 1 above is the resolution of the Board of Directors, and may be subject to change depending on process of resolution at the General Meeting of Shareholders 2) The Hyundai Motor audit committee is composed by all outside directors.(3 out of 3 present) * Details of Contents of addition Before After Objective of change Auto supplies Auto Parts Auto Parts Satisfaction manufacture wholesale wholesales business of customers' various auto and sales business business and Auto related demands supplies manufacture & sales business Recycling Auto management Auto management Pursue Eco-friendly business and effectively respond to business business business environmental regulations and (used car (used car purchase Strengthen purchase and sales / car scrappage / recycling business etc.)and general customer relations and sales / for auto sales related franchise business Franchise car scrappage) business Telemarketing and Electronic commerce Electronic commerce and sales business and internet internet business business & telemarketing and sales business This information is provided by RNS The company news service from the London Stock Exchange