DAEHO AL Temporary Shareholders' Meeting Results in Partial Director Removal and Auditor Appointment, Continued Governance Instability

DAEHO AL held an extraordinary general meeting on June 11, 2026, where some of the minority shareholders' proposals to remove current directors and auditors were passed.
Removed individuals include inside directors Lee Hae-eun and Lee Sang-eok, outside director Moon Young-kwon, and auditors Song Hak-dong and Oh Won-yong. Minority-proposed auditor Park Byeong-seon was newly appointed.
Proposals from the current management to appoint new outside directors and amend the articles of incorporation were rejected, indicating a continued governance dispute.
[AI Summary]Amid allegations of fund misappropriation, partial board removal and auditor appointment have been executed, but fall short of stabilizing management. Further conflict and stock price downside risk remain.