ALOYS Inc. Calls EGM: Name Change and Business Diversification Amid Proxy Fight Heightens Shareholder Risk

ALOYS Inc. calls EGM on June 12, 2026: Name change to 'ATLAS LINK Inc.' and business diversification into optical communications, AI, cloud, etc.
Shareholder proponent Kwon Chung-sik (former CEO, current CEO of subsidiary Korea File) demands removal of current CEO Shin Jeong-gwan and three other directors/auditor, proposes six director candidates and one auditor candidate, signaling a governance contest.
Articles amendment includes anti-takeover measures: special resolution requiring 3/4 of voting rights present and 2/3 of total shares for director removal not initiated by the board.
Company has extended loans totaling 5.3 billion won (17% of sales) to subsidiary Korea File; raises financial soundness concerns.
Director remuneration limit, rejected at March AGM, resubmitted as separate items: Shin 500M, Lee 200M, Kim 100M, others 700M won.
[AI Comprehensive Analysis]The proxy fight is expected to increase short-term stock volatility. Business diversification is a positive long-term factor, but large related-party loans and governance uncertainty pose risks. Shareholders should exercise voting rights with caution.