JOOYONTECH Proxy Solicitation for Extraordinary General Meeting to Amend Articles and Elect Inside Director
JOOYONTECH is soliciting proxy votes for the 39th Extraordinary General Meeting to be held on July 22, 2026, to amend the articles of incorporation and elect an inside director.
The proposed amendments include replacing 'outside director' with 'independent director' to comply with revised commercial law, removing non-operating business objectives, and adding new businesses such as LED display boards.
The board recommends the current president Jang Ji-hwan as inside director. The largest shareholder and its related parties hold 34.88% of shares.
There are no capital changes or dividend items. The solicitation aims solely to secure a quorum for the meeting.
[AI Summary]This extraordinary general meeting is a routine procedural event focused on business scope updates and governance compliance, with no capital dilution or shareholder return changes. The inside director election ensures management continuity, having no direct impact on shareholder value.