MCNEX creates sustainable value based on innovation and responsibility.

To our valued stakeholders,

A heartfelt thank you to all of you for your unwavering interest and encouragement, which continue to power MCNEX's sustainable growth and development. This past year, even in a fluctuating business environment, we have pushed forward with relentless innovation and a challenger's spirit to achieve some truly meaningful milestones. We are proud to announce that for 2024, our consolidated sales grew to KRW 1.057 trillion, a 13% increase from the prior year, while our operating profit soared to KRW 44.3 billion a remarkable 143% jump. Beyond these financial achievements, we have been passionately working to bring our ESG vision to life with concrete results. In this, our second annual Sustainability Report published in 2025, we are excited to include, for the first time, the ESG activities and performance of our major overseas subsidiary, MCNEX VINA. We promise to continue advancing our ESG management and building a future where we grow together with all our stakeholders.

First, we will deliver value that goes beyond satisfaction through customer-centric innovation.

Our top priority is listening closely to our customers, anticipating their needs in a rapidly changing market, and responding with the right products and services. We are committed to continuous technological development and quality innovation, all aimed at delivering true customer satisfaction. The adoption of a smart manufacturing system through our Digital Transformation has already improved the speed and precision of our customer response. Furthermore, by acquiring the international standard for automotive cybersecurity, ISO/SAE 21434, in 2024, we have significantly elevated the security of our products and services. Through these efforts, we will solidify our position as your most trusted partner.

Second, we will strengthen our ESG management system to lead the way toward a sustainable, green future.

MCNEX stands firmly by its commitment to green management. This includes eco-friendly processes, diligent emissions control, and water recycling to help meet national greenhouse gas reduction targets. We have successfully completed the planned installation of solar panels at our Songdo headquarters and have begun generating renewable energy in earnest. We are also steadily expanding our transition to a fleet of eco-friendly electric vehicles. To enhance our environmental transparency, we completed a third-party verification of our greenhouse gas emissions. These efforts have been recognized externally, earning us an 'A' grade from Sustainalyst, a leading domestic ESG rating agency, and a 'Silver' rating from the global ESG platform EcoVadis, placing us in the top 15% of companies. We will continue to meet your expectations by enhancing our global-standard disclosures and embedding these values within our team.

Third, we will build deep trust with all stakeholders by practicing transparent and ethical management.

To establish ethical management as the bedrock of our business, we have created a Code of Conduct and a Supplier Code of Conduct to proactively manage potential risks. We also diagnose our integrity levels through employee surveys to foster a clean organizational culture and build a foundation of trust. As part of our commitment to enhancing shareholder value, we raised our 2024 dividend per share from KRW 600 to KRW 800 and will continue to strengthen our dividend policy. We are also dedicated to fostering open communication with everyone we work with. Through responsible management and a transparent board of directors, we will fulfill our social responsibilities and earn your lasting trust as a corporate citizen.

We ask for your continued interest and support as MCNEX continues to develop and grow sustainably.