COWAY

- Shareholders have rejected Align Partners’ proposal for a cumulative voting system, reaffirming board independence - Key agenda items, including the appointment of outside directors and the retirement of 650,000 treasury stocks to enhance shareholder returns, were approved Seoul, South Korea, March 31, 2025 – Coway Co., Ltd., the “Best Life Solution Company,” has announced that it has today held its 36th Annual General Meeting (AGM) at its Yugu office in Gongju City, Chungcheongnam Province, South Korea. During the AGM, shareholders approved key agenda items that included the ratifying of financial statements, consolidated financial statements and statements of the appropriation of retained earnings; the appointment of outside directors; the appointment of audit committee members; the approval of limitations on directors’ remuneration; and capital reduction for the purpose of treasury shares’ cancellation. Shareholders also rejected Align Partners Capital Management Inc.’s ("Align Partners") proposal to introduce a cumulative voting system. A Coway official stated, “Our shareholders have reaffirmed that the current board operation ensures sufficient operational independence and transparency, making it suitable for ongoing sustainable growth and shareholder value enhancement.” As part of its mid-to-long-term shareholder return policy, Coway approved the retirement of approximately 650,000 treasury shares. The company also announced plans to continue repurchasing and canceling treasury shares to significantly increase the total shareholder return rate from 20% to 40%, alongside other measures designed to further enhance shareholder value. This year’s AGM also saw Coway appoint Jungho Kim, Professor at the Graduate School of International Studies of Korea University, and Taehong Kim, CEO of Growth Hill Asset Management Co., Ltd., as new outside directors, while Gilyeon Lee was reappointed to the same role. Taehong Kim and Gilyeon Lee have also been appointed as audit committee members, while Align Partners’ nominee for outside director and audit committee member voluntarily resigned, resulting in the agenda item’s dismissal. Jangwon Seo, CEO of Coway, said, “Increased investment in R&D to the end of developing innovative products and technologies has resulted in strong sales growth for our Icon water purifier series and BEREX mattress and massage chair range across both domestic and global markets, reinforcing our status as stable performers within the market. Moving forward, we will work to further strengthen our core businesses, enhance shareholder returns and advance governance in order to increase corporate value and shareholder trust.”  

- Coway’s NOBLE 2.0 Air Purifier Series has been honored by the iF International Forum  for its sophisticated design and innovative air purification technologies - 2025 marks Coway’s 18th consecutive year of recognition from the iF Design Award Seoul, South Korea, March 14th, 2025 – Coway Co., Ltd., the “Best Life Solution Company,” announced today that its NOBLE 2.0 Air Purifier series has been honored by the International Forum (iF) Design Award 2025 in the Product Design category. Founded in 1953 as Die Gute Industrieform e.V., the iF Design Award is one of the world’s most prestigious design competitions, evaluating entries via five key criteria: idea, form, function, differentiation and sustainability. This recognition marks Coway’s 18th consecutive year of receiving an iF Design Award, underscoring the company’s global leadership in design innovation. Some of the lauded features of the NOBLE 2.0 Air Purifier series include the products’ refined square tower structure and advanced air purification technologies. Equipped with a four-sided 4D filter for 360° air purification, the NOBLE Air Purifier 2.0 lineup is able to efficiently capture and circulate clean air throughout spaces of up to 133㎡. On the aesthetic front, the compact size and nature-inspired color swatches of the lineup allow the products to integrate into any interior while simultaneously enhancing décor seamlessly. In addition to the NOBLE 2.0 Air Purifier Series, three other Coway products were also recognized at the iF Design Award in the Product Design category, with one such honoree being an upcoming water purifier tentatively named ‘SWITCH’ (P-2200N). ‘SWITCH’ offers versatile countertop and under-sink configuration options along with non-electric water purification capabilities. The company showcased the ‘SWITCH’ at Aquatech Amsterdam 2025, highlighting its innovative features to a global audience. A Coway official said, “This award is a testament to Coway's commitment to innovative design and global competitiveness. We will continue to develop products that not only embody our unique design philosophy, but that also deliver exceptional experiences to our customers.”

- Coway targets European market expansion with cutting-edge technology and distinctive design at Aquatech 2025, showcasing the SWITCH water purifier and more Seoul, South Korea, March 6th, 2025 – Coway, South Korea’s No.1 environmental home appliances company, will participate in Aquatech Amsterdam 2025 from March 11th to 14th in Amsterdam, the Netherlands. As the world’s leading trade exhibition for process, drinking, and wastewater, Aquatech Amsterdam provides a global platform for industry leaders to unveil their latest innovations and expand distribution networks. This year’s exhibition is set to bring together over 900 exhibitors and 25,000 water professionals. At the exhibition, Coway will explore new growth opportunities in the European water purifier market, by forging new partnerships and enhancing its brand awareness. Alongside its highly successful Asian product lineup, Coway is also set to introduce products optimized for European customers and businesses. A highlight of Coway’s showcase at the exhibition will be the unveiling of the company’s upcoming water purifier, tentatively named ‘SWITCH.’ This eco-friendly model is able to adapt to various kitchen settings thanks to its countertop and under-sink convertibility, and also offers non-electric water purification, making it attractive to a diverse customer base — in particular to environmentally-conscious customers. Coway will also showcase a variety of high-performance water purifiers that feature both cold-and-hot-water functions and ice-making capabilities, catering to a wide range of diverse customer lifestyles and business needs. Looking ahead, Coway's water purifier strategy aims at encompassing both commercial and consumer markets. For businesses, the company is set to introduce large-capacity standing water purifiers ideal for public institutions, businesses, and schools, alongside more compact models for environments short on space. For consumers, Coway will hone in on providing water purifiers that complement the modern smart home by offering such features as temperature control, measured dispensing, and easy self-maintenance for added convenience. A Coway official said, “Our participation in Aquatech 2025 will significantly enhance our brand awareness, as well as our competitive edge in the European market, further solidifying our position as a global leader in innovative water purification solutions.” About Coway Co., Ltd. Established in Korea in 1989, Coway, the "Best Life Solution Company," is a leading environmental home appliances company making people's lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company's most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit  http://www.coway.com/  or  http://newsroom.coway.com .