Daishin Securities said on March 24 it held its 65th annual general meeting of shareholders at the Daishin Wirye Center and approved seven agenda items as proposed, including its financial statements, director appointments and a dividend plan.

All items passed, including approval of the 65th-term financial statements, amendments to the articles of incorporation, director appointments, appointment of an outside director who will serve on the audit committee, appointment of outside directors as audit committee members, approval of the cap on directors’ remuneration, and approval of a plan for the holding and disposal of treasury shares.

Consolidated results were confirmed at 5.064 trillion won in revenue, 301.4 billion won in operating profit and 186.7 billion won in net profit.

The dividend plan also passed as proposed. Daishin Securities decided cash dividends of 1,200 won per common share, 1,250 won per preferred share and 1,200 won per 2우B share. This extends its record of 28 consecutive years of cash dividends.

It also decided to cancel a total of 15.35 million treasury shares, including common shares, in stages over the next six quarters.

Director appointments were also approved as proposed. Vice Chairman Hongseok Yang (양홍석) was reappointed as an inside director, and new chief executive Seungwook Jin (진승욱) was appointed as an inside director. Outside directors Seongho Kim (김성호), Seonyeong Cho (조선영) and Seunghee Han (한승희) were reappointed, while Kwan-young Lee (이관영) and Jae-eun Lee (이재은) were newly appointed.

Minwook Jung (정민욱), head of management planning at Daishin Securities, said, "We will do our utmost to enhance shareholder value through an active shareholder return policy that combines dividends and treasury share cancellation."