[Edaily KIM JI-WAN Reporter] OSCOTEC Inc.(039200)has filed a request to convene an extraordinary general meeting of shareholders. The petitioner requested that the agenda include the deletion of certain provisions in the articles of incorporation, as well as the appointment of a total of three directors, including an executive director, a non-executive director, and an independent director.
OSCOTEC Inc. announced in a regulatory filing on the 23rd that a shareholder, identified only as Mr. Kim, had filed an application for “Permission to Convene a Shareholders’ Meeting” with the Seongnam Branch of the Suwon District Court. The case number is “2026BiHap5145.”
The applicant requested the court to grant permission to convene an extraordinary general meeting of OSCOTEC Inc. with the agenda items listed in the attached document. The application also included a request to appoint the applicant as the chairperson of the extraordinary general meeting.
The shareholders have proposed a total of three agenda items. Agenda Item No. 1 is the deletion of Article 27, Paragraph 5 of the Articles of Incorporation, and Agenda Item No. 2 is the deletion of Article 27, Paragraphs 2 through 4 of the Articles of Incorporation.
The third agenda item concerns the appointment of directors. The applicant requested that a motion be put forward to appoint a total of three new directors: one inside director, one outside non-executive director, and one independent director. Mr. Ko was nominated as the candidate for inside director, Mr. Kim as the candidate for outside non-executive director, and Mr. Park as the candidate for independent director.
This petition was filed with the court on the 22nd. OSCOTEC Inc. confirmed the details upon receiving the petition from the petitioner’s legal representative on the 23rd.
OSCOTEC Inc. stated, “We plan to review the details of this application and the relevant laws and respond in accordance with legal procedures,” adding, “We will disclose relevant information once future developments are confirmed.”
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