Hyundai M.gds O Regulatory News (HYUO)

10 Mar 2006 09:43

Hyundai Motor Company10 March 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : March 10, 2006Disclosure title : Resolution of the Annual General Meeting of Shareholders'(AGM) 1. Approval of the financial statements of the 38th business year : (unit: million KRW)Total assets 25,561,220 Sales 27,383,737Total liabilities 11,608,362 Operating income 1,384,143Capital stock 1,482,905 Net income 2,314,647Total shareholders! Equity 14,952,858 *Earnings per KRW 10,652 share * Opinion of outside auditor : appropriate 2. Details of dividends: 1) Dividends per share : Common shares KRW 1,250 Series 1 preferred shares KRW 1,300 Series 2 preferred shares KRW 1,350 Series 3 preferred shares KRW 1,300 2) Total cash dividends : KRW 342,310,000,000 3) Dividend ratio to market value : Common Shares 1.3% Series 1 preferred Shares 2.0% Series 2 preferred shares 2.1% Series 3 preferred shares 2.1% 3. Current status of directors and audit committee (as of appointment date) : 1) Appointees : - Internal Directors : Youn Yeo Chul *newly appointed (total 1 person, standing full-time) - Audit Committee Member: Park Byung IL *re-appointment Cho Hak Kuk *newly appointed (total 2 persons) 2) Total number of registered directors : 7 3) Total number of outside directors : 4 4) Percentage of outside directors appointed: 57.1% 5) Total number of audit committee members : 4 (all members of the audit committee are outside directors) 4. Other resolutions : 1) Agenda 1 - Approval of the Financial Statements of 38th Business Year(From 01/01/2005 to 12/31/2005) as was originally proposed. 2) Agenda 2 - Approval of "Amendment of the Articles of Incorporation" aswas originally proposed. 3) Agenda 3 - Approval of "Appointment of Directors" as was originallyproposed (# 3-1 above). 4) Agenda 4 - Approval of "Appointment of a member of audit committee" aswas originally proposed (#3-1 above). 5) Agenda 5 - Approval of "Limit on Remuneration for Board of Directors" aswas originally proposed. 5. Date of AGM : March 10, 2006 6. Others : - The "Earnings Per Share" in #1 above is earnings per ordinary common share. - Amounts less than KRW 100,000 in the "Total cash dividends" in #2-2 abovehas been rounded up. This information is provided by RNS The company news service from the London Stock Exchange