Coway Applies for Appointment of Inspector at Regular General Meeting of Shareholders

Determination to Ensure Transparent and Lawful Operation of the Shareholders' Meeting

Coway announced on the 6th that it has applied for the appointment of an inspector to ensure the transparent conduct of the regular shareholders' meeting scheduled for this month.

In preparation for the regular shareholders' meeting scheduled to be held on the 31st, Coway submitted an application for the appointment of an inspector to the Gongju Branch of the Daejeon District Court to verify the legality of the meeting execution procedures and resolution methods. The shareholders' meeting inspector is responsible for verifying whether the overall process of the meeting is conducted lawfully, thereby supporting the operation of the meeting in a manner that all shareholders can trust.

This application for the appointment of an inspector was made to enhance the interests of all shareholders through thorough and fair verification by experts. Additionally, since Align Partners Asset Management applied for 20 proxies for voting rights at this shareholders' meeting, which is more than the usual number, it was deemed necessary to ensure smooth meeting proceedings and maintain order within the venue.

Once the inspector is appointed, they can investigate matters such as ▲confirmation of shareholders' meeting voting rights ▲examination of proxy documents and recognition of proxy authority ▲submission of shareholder proposals ▲legality of voting methods ▲verification of voting and counting ▲accuracy of vote tallying.

A Coway official stated, “This application for a shareholders' meeting inspector was made to provide shareholders with a fair and transparent environment for exercising their voting rights,” and added, “We expect this to serve as an opportunity to further enhance the transparency and fairness of the shareholders' meeting.”

Meanwhile, regarding the Coway shareholders' meeting, the agenda for the appointment of outside directors and audit committee members proposed by Align Partners through shareholder proposals was discarded after the candidates voluntarily expressed their intention to withdraw.