[Edaily Reporter Kwon Oh Seok ] #EGIS Co., Ltd, a company possessing world-class digital twin technology, is taking steps to enhance shareholder value just eight months after its IPO. EGIS Co., Ltd announced on the 16th that it had decided to convene an extraordinary general meeting of shareholders following a board resolution. The extraordinary general meeting will be held on August 31.

Agenda items for this extraordinary general meeting include the transfer of capital surplus (share premium) to retained earnings and amendments to the articles of incorporation aimed at enhancing shareholder value. According to Article 461-2 of the Commercial Act, if the combined total of capital reserves and retained earnings exceeds 1.5 times the company’s capital stock, a portion of those reserves may be reduced and converted into retained earnings. The company explained that this is a proactive measure to secure funds for dividends and implement future shareholder return policies.
A company official stated, “Following our IPO at the end of last year, we are expanding our presence in domestic and international markets based on our unrivaled technological capabilities, and starting this year, we will accelerate earnings growth by securing tangible results,” adding, “Through the transfer of capital reserves to retained earnings and the amendment to the Articles of Incorporation, we plan to implement measures to continuously enhance shareholder value in a phased manner.”
EGIS Co., Ltd. is a company that has developed its own digital twin technology based on the “Earth” core technology, which is currently held by only four countries worldwide. Building on this, the company is continuing to collaborate with leading international institutions such as the German Aerospace Center and the Netherlands Institute for Applied Sciences, and is steadily expanding its portfolio of projects, including a recent contract with the Jeju Special Self-Governing Province to build a next-generation digital twin platform.