Lightron Fiber-Optic Devices EGM passes expansion of board and appointment of outside directors with financial and legal expertise, enhancing governance

Lightron Fiber-Optic Devices held an EGM on June 1, 2026, and passed all agenda items including amendment to articles (director count from 3-7 to 3-11) and election of one inside director and three outside directors, with 100% approval of shares present.
Only 35.4% of total outstanding shares voted, indicating low minority shareholder participation; all items passed unanimously.
Newly appointed outside directors: Kim Jeong-tae (ex-chairman of Hana Financial Group), Lee Gwang-beom (ex-judge, co-counsel in presidential impeachment), and Chae Gyu-cheol (business executive), bringing expertise in finance, law, and management, significantly strengthening board independence and professionalism.
Inside director Jeong Dae-gyu was re-elected to ensure operational continuity; all directors serve three-year terms.
[AI Summary]The EGM agenda focuses on enhancing corporate governance and transparency, which is expected to positively impact long-term shareholder value through independent oversight. However, the low voter turnout of 35.4% highlights the need for improved shareholder communication.