MegaGen Proposes Strengthening Minority Shareholder Rights and Independent Director Election at Ray's GM

MegaGen Implant submitted shareholder proposals after acquiring stake in Ray Co., Ltd.
Proposes removal of cumulative voting exclusion and election of independent director Kwon Ho-beom
Opposes Ray's proposal to strengthen removal requirements for directors/auditors (special resolution) → concerns over shareholder rights infringement
Includes board-nominated candidates: 2 inside directors (Kim Jeong-hwan, Im Yong-gyu) and 2 outside directors (Kim Gyu-hee, Yoon Soo-bin)
Articles amendments: deletion of cumulative voting exclusion, addition of removal requirements clause, specifying number of auditors as one