Shareholder activist Kim Jeong-hyeok (0.055% stake) solicits proxies against capital reduction and board-proposed director/auditor appointments

Solicitor Kim Jeong-hyeok, holding 28,188 shares (0.055% stake), recommends voting against Agenda Item 2 (capital reduction), board-proposed director appointments (Items 7-1 Kim Jun-ho, 7-2 Park Jin-sook, 7-4 Hwang Shin-yong), and auditor appointment (Item 8-1 Hyun Ki-yong) at the June 5, 2026 shareholder meeting
The shareholder activist group argues the capital reduction shifts management failures onto shareholders and supports alternative candidates added by court order (Cheongju District Court 2026Kahap513): inside director Choi Soo-il, outside director Kim Dong-hyun, and auditor Kim Shin-myung
The company faces delisting risk and management normalization challenges; the meeting outcome will significantly impact governance and shareholder value