SL Bionics, Complete Management Overhaul... "Expecting Company Normalization Through Strengthened Transparent Management"

SL Bionics announced on the 2nd that its board of directors approved putting the agenda item of ‘the appointment of new inside directors, outside directors, and full-time auditors’ on the agenda of the regular shareholders' meeting.

Accordingly, two outside directors are expected to be appointed based on recommendations from the KOSDAQ Association: Attorney Kang Moon-hyuk and Attorney Kim No-eun.

At this shareholders' meeting, along with the appointment of new management, the existing management team including CEO Park Il-hong, Son Seong-jin, On Young-doo, Seo Mu-ryong, and auditor Moon Hyeong-seok will all resign.

An SL Bionics official stated, “Taking this opportunity, we will separate ownership and management, strengthen transparent management, and devote all efforts to normalizing the company’s management.”