Lawsuit to Suspend Shareholders' Meeting Resolutions and Appoint Interim Directors (Approval Rate 26.7%)
Shareholder Im filed a lawsuit on 2026.4.29 (corrected) seeking suspension of resolutions from the 2026.3.31 regular shareholders' meeting and appointment of interim directors
Most agenda items (financial statements, director/auditor compensation limits, director elections, capital reduction) passed with only 25.2%-26.7% approval of total voting shares (low turnout, but 94%-99.5% approval among votes cast)
The amendment of articles item failed due to lack of quorum
Lawsuit seeks to suspend directors Kwon, Jeong, Kim (internal) and Hwang (outside), and appoint Han and Ju as interim directors for Kwon and Jeong
Company plans to respond through legal procedures
KOSDAQ Filing Information
Filing: [Correction of Description] Filing of Lawsuits, Etc. and Application (Management Dispute Litigation) (Suspension of Effect of Shareholders' Meeting Resolution and Application for Execution of Duties)
Company: Korea Cable T.V Chung-Buk System (066790)
Submission: Korea Cable T.V Chung-Buk System Co., Ltd.