MegaGen Implant Proposes Cumulative Voting and Director Election at Ray's Shareholder Meeting

MegaGen Implant (0.51% stake) submits shareholder proposals for Ray's EGM (May 28)
Proposes to remove cumulative voting exclusion clause and elect Kwon Ho-beom (former dean of SNU Dentistry) as non-executive director
Ray's board proposes strengthening removal requirements for directors/auditors (special resolution) – MegaGen opposes citing shareholder rights infringement
Other director candidates: Kim Jeong-hwan, Lim Yong-gyu (internal), Kim Kyu-hee, Yoon Soo-bin (outside) – recommended by Ray
Proxy solicitation period: May 13-27, electronic/paper voting available