Daegwang Solicits Against All Proposals at Mobile Appliance EGM, Citing Breach of Trust and Governance Risks

Daegwang is soliciting votes against all proposals at Mobile Appliance's extraordinary general meeting on June 29, 2026.
The filer points to breach of trust by current CEO Jung Bok-hee and her son Kim Ju-ho, which led to margin calls and stock price collapse, opposing the board's attempt to entrench control.
The proposals include amendments to the articles, election and removal of directors, and appointment of an auditor, which Daegwang views as a means to seize control of the board.
Daegwang urges shareholders to vote against all items to protect shareholder value.
[AI Summary]Mobile Appliance's EGM agenda focuses on governance restructuring without capital changes, neutral for stock price, but allegations of breach of trust and governance uncertainty increase investment risk. The proxy fight reflects shareholder conflict and may cause short-term volatility.