Hanmi Group requests for an interim shareholders’ meeting of the ‘3-party alliance’… Plans to expand the board of directors (Comprehensive)

Shin Dong-guk, Song Young-sook, Lim Joo-hyun, demand appointment of 3 new directors,
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Hanmi Pharmaceutical Headquarters
<<Provided by Hanmi Pharmaceutical>>,
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, ‘(Seoul=Yonhap News) Reporter Kim Hyun-soo = Song Young-sook, chairman of the Hanmi Pharmaceutical Group, and her daughter Lim Joo-hyun, vice chairman, along with Shin Dong-guk, chairman of Hanyang Precision and the largest individual shareholder, have initiated a change in the management structure of the group’s holding company Hanmi Science.’,
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, ‘The “three-member alliance” led by Chairman Song and Chairman Shin, who agreed to exercise their voting rights jointly, announced through a press release distributed by the law firm Sejong on the 29th that they demand the convening of an extraordinary general meeting of Hanmi Science shareholders.’,
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, ‘They stated that the reason for the request for the convening of the extraordinary general meeting is to “revitalize the new Hanmi Pharmaceutical Group through the establishment of a professional management system,” clearly expressing their intention to change the current board of directors, centered around Chairman Song’s son Lim Jong-yoon and son-in-law Lim Jong-hoon.’,
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, ‘To this end, they demanded the submission of an agenda to appoint 3 new directors, including 2 internal directors and 1 non-executive outside director, and to increase the current 10-member board of Hanmi Science to 12 members.’,
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, ‘They stated, “Through the approval of this agenda, we aim to quickly stabilize the concerns about the management situation of the Hanmi Pharmaceutical Group in the market and establish a ‘Korean-style advanced governance structure’ where major shareholders and professional managers work harmoniously.”‘,
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, ‘According to the Company Law, shareholders holding a certain stake can propose the convening of a shareholder meeting and the submission of an agenda to the board of directors, and if the board does not follow the convening procedures, the court can authorize the holding of a shareholder meeting.’,
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, ‘As a result, the extraordinary general meeting of Hanmi Science is expected to be held about two months later.’,
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Shin Dong-guk, Chairman of Hanyang Precision
[Hanyang Precision website]
* Current position may change after updating personal information.,
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, ‘Hanmi Group engaged in a management rights dispute between Chairman Song and her son, Lim Jong-yoon, and the conflict resulted in the victory of the Lim siblings at the regular general meeting in March.’,
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, ‘However, the management rights dispute within Hanmi Group reignited as Chairman Shin Dong-guk, who had supported the Lim siblings during the previous conflict, recently acquired a portion of the shares owned by Chairman Song and her son and agreed to jointly exercise their voting rights, aiming to reorganize the group under a professional management system.’,
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, ‘Following a meeting with Chairman Shin, Director Lim Jong-yoon declared on the 10th that they are currently discussing ways to integrate “responsible management, professional management, and moderate management in a hybrid form” to declare the end of the ‘conflict between major shareholders.’, but the announcement of detailed policies, including the composition of top management, has not been made, raising speculation that the seeds of conflict remain.’,
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, ‘[email protected]’,
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