[Alpha Biz=(Chicago) Reporter Paul Lee] If a new purpose of business is added to the company's articles of association in the future, investors shall be regularly informed of the progress of the business. If it failed to proceed, the reasons and future plans should be explained in detail.

The Financial Supervisory Service said on the 28th that it should regularly disclose detailed progress and future plans for projects added by listed companies and others for business purposes in their business reports. Even if there are no details of the implementation, investors should be informed of the reasons for the implementation and the implementation plan in detail.

The changed disclosure form will be applied from the half-year report of this business year. For example, when preparing a semi-annual report this year, the progress of the new business added to the business purpose between 2021 and June 2023 should be written.

Subject to the disclosure are all projects added for business purposes to the company's articles of association over the past three business years. The details of the project, the additional date, the connection with the existing project, the current status of implementation, and the future implementation plan shall be stated in the regular report, such as the project, semi-annual and quarterly reports.

The current status of implementation includes progress in product and service development, details of R&D activities, and actual sales. If the project is not carried out, the reason for the failure and the existence of the promotion plan within the next year shall be specified.

 

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