Shareholder Activist Solicit Against Capital Reduction and Director Elections

Solicitor Kim Jeong-hyeok (0.055% stake) urges voting against the capital reduction and board-proposed director/auditor appointments (Kim Joon-ho, Park Jin-sook, Hwang Shin-yong, Hyeon Gi-yong) at the June 5, 2026 shareholders' meeting
Court injunction accepted: shareholder proposal amendments (Choi Soo-il as inside director, Kim Dong-hyun as outside director, Kim Shin-myeong as auditor) are on the agenda
Capital reduction intended to cover accumulated deficits; opposed due to risk of shareholder value destruction
Company faces delisting crisis and need for management normalization