Correction of EGM Resolution: Minority Shareholders Propose Removal of All Current Directors and Election of New Board... Management Control Dispute Intensifies
DAEHO AL convenes an EGM on June 11, 2026, with minority shareholder (Noble Partners) proposals to remove all 7 current directors (5 inside, 2 outside) and 2 auditors
Proposed election of 7 new directors (inside: Jeong Hee-gyun, Lee Gyu-yeol; outside: Ahn Dong-ho, Lee Ho-cheol, Kim Pan-kyu, Kim Se-na, Lee Yoon-woong) and auditor Park Byung-sun
Company separately proposes election of 3 outside directors (Park Won-tae, Hong Jeong-woo, Im Seung-hee) and standing auditor Oh Won-yong (conversion from non-standing)
Articles of incorporation amendment to delete many of the current 86 business purposes, focusing on core aluminum business
Intensifying management control dispute between minority shareholders and current management, increasing likelihood of board change and elevated shareholder value volatility
[AI Comprehensive Analysis]This EGM represents a minority-led attempt to change management; if successful, it could improve operational efficiency and business focus, but investment risks remain due to earnings uncertainty and potential prolonged dispute
KOSPI Filing Information
Filing: [Correction of Description] Resolution on Calling a Shareholders' Meeting