InterLOG organizes the Annual Shareholders' Meeting 2024 - Journey of Sustainable Development

In 2023, InterLOG faced numerous challenges and difficulties. However, the Board of Directors remained steadfast in proposing to maintain the annual dividend payout to shareholders at a rate of 11.73% of the par value. This proposal not only demonstrates the company's gratitude to investors but also serves as an impetus for shareholders to continue accompanying and supporting InterLOG in its journey of sustainable development. The stable dividend payment is evidence of InterLOG's commitment to protecting and enhancing shareholder value.

One of the significant topics discussed at this shareholders' meeting was the proposal to split WR1, a subsidiary company of InterLOG, into two independent companies: WR1 Freight and WR1 Trans, starting from early 2025. This proposal aims to optimize economic efficiency within InterLOG's circular ecosystem model. The proposal received strong consensus with over 80% of shareholders voting in favor. This strategic move will help InterLOG and WR1 enhance operational efficiency and maximize new business opportunities.

Furthermore, InterLOG also proposed the goal of establishing SNC Network (Supply Network Consulting Company) in Japan, which is considered a crucial strategy for expanding its global business network in the next phase of InterLOG's development. The establishment of SNC Network arises from the emerging demand in the international industrial market, addressing competitive needs from domestic rivals and capitalizing on opportunities in the context of international trade and commerce.

With 20 years of experience, InterLOG has gained in-depth understanding of the industrial segment in the Japanese market and has established strong connections and partnerships with strategic counterparts in the country, contributing to strong and sustainable growth. The establishment of SNC Network as the first step in Japan, along with the specialized advice from Japanese experts, will expand the network internationally and explore new business potentials. This represents a crucial strategic step for the period leading up to 2030.

In the final part of the Shareholders' Meeting, the Employee Stock Ownership Plan (ESOP) program continued to be proposed and received majority approval from shareholders, with 86% in favor. The ESOP program has been implemented since 2021 to acknowledge the contributions of employees over the course of a year. This program not only allows employees who are shareholders to understand the company's culture, core values, and trust in its direction of sustainable development but also encourages them to continue standing side by side in the long term and contribute to the achievements to be proud of in the next phase.

At the conclusion of the Shareholders' Meeting, InterLOG expresses gratitude for the active participation of shareholders and commits to continue making efforts to ensure shared and sustainable development for the benefit of both shareholders and the company. We are confident that with the right development strategy and the support of shareholders, InterLOG will continue to reach new heights and achieve significant milestones in the future.