Align Partners Asset Management Reports Major Shareholding for Management Influence and Signs Shareholder Agreements
The reporter files this major shareholding report with the purpose of influencing management, holding call options on 1,047,302 shares of the issuer through shareholder agreements with special related parties including Sopus First Co., Ltd.
The reporter has entered into a joint exercise of voting rights agreement with Align Partners Asset Management Co., Ltd., excluding 1,476,207 shares held by Align Partners Value Action Private Investment Trust.
The reporter plans to amend the shareholder agreement to not exercise 50% of the call options and to designate employees of the issuer as the exercisers for the remaining 50%.
The reporter agrees to waive the Right of First Refusal and to shadow vote on certain agenda items such as the appointment of independent directors.
The reporter undertakes to cause the issuer to exercise the redemption right for 6,000,000 Series 2 Redeemable Convertible Preferred Shares (RCPS1) within a certain period after three years from the issuance date.