Dear Shareholders, I am Kim Jung A, Global CEO of INNOCEAN, and I wish you and your families good health and well-being. I also extend my sincere appreciation for the trust and support you have shown INNOCEAN over the past year.

In 2025, uncertainty in the business environment persisted amid the global economic slowdown, geopolitical risks, and issues related to tariffs and inflation. The advertising industry is likewise undergoing rapid structural transformation, driven by accelerating digital transition and changes in the media landscape.

Despite these challenges, INNOCEAN sustained stable growth in both revenue and profitability and achieved meaningful results. In particular, our creative competitiveness on the global stage was recognized through notable accomplishments, including winning the Grand Prix at the Cannes Lions International Festival of Creativity for the second consecutive year and becoming the first Korean agency to be named “Agency of the Year” at the 2025 ONE Asia Creative Awards.

Most recently, in recognition of our business competitiveness in North America, the world’s largest advertising market, INNOCEAN was ranked 8th overall on the “2026 A-List” announced by Ad Age, one of the world’s most authoritative marketing trade publications. This is a landmark achievement, marking the first time a Korean advertising agency has been named to the top 10.

Selection for the A-List is not determined solely by creative excellence or short-term campaign performance. It represents the highest level of business recognition, conferred only on agencies that meet every one of a rigorous, multifaceted set of evaluation criteria — including financial profitability, new business development capabilities, data- and technology-driven marketing efficiency, and organizational leadership — amid intense competition with the leading agencies in the United States. Building on this proven core competitiveness, INNOCEAN will continue to deliver solid performance and enhance profitability, thereby achieving tangible growth in corporate and shareholder value.

Dear Shareholders, Uncertainty in the business environment is expected to continue in 2026. Competition in the advertising market is intensifying, and technological innovation, including AI, is rapidly blurring the boundaries between industries. In this changing environment, INNOCEAN intends to focus even more on strengthening its fundamentals through enhanced structural competitiveness, rather than pursuing mere top-line growth.

1. We will refine our business portfolio. We will review the balance between our HMG and non-HMG businesses and reinforce a stable earnings base through a strategy of selection and concentration that considers both profitability and growth potential. 2. We will enhance the efficiency of our global operating structure. We will reorganize our regional organizations and functions to accelerate decision-making and minimize redundant functions, thereby improving operational efficiency. 3. We will accelerate the development of in-house digital and AI capabilities. Positioning technology not merely as a tool but as a core element of our competitiveness, we will simultaneously enhance productivity and quality by advancing data-driven strategy development and our creative production processes. 4. We will further advance our creative-centric organizational culture. We will establish an integrated solutions framework that extends beyond campaigns to encompass content and the entire brand experience.

We will continue to practice responsible management so that every outcome INNOCEAN delivers leads to results for our clients and, in turn, translates into value for our shareholders. We will take a further leap forward to become a more mature enterprise with a more robust structure than last year. We sincerely ask for your continued interest and support. Thank you.