35th Annual General Meeting Results: Disclaimer of Opinion and Massive Losses

Financial statements approved, but auditor issued disclaimer of opinion (both individual and consolidated).
Individual: revenue 7,038 million KRW, operating loss 5,041 million KRW, net loss 28,917 million KRW, loss per share 581 KRW.
Consolidated: revenue 7,212 million KRW, operating loss 6,079 million KRW, net loss 30,204 million KRW, loss per share 607 KRW.
No dividends (neither cash nor stock dividends).
Resolution to dismiss non-executive director Hugues Dusseaux passed (100% approval based on voted shares).
Election of 4 inside directors (Park Beom-gyu, Lee Il-seop, Yang Seung-geun, Kim Hye-won) and 3 outside directors (Son Seong-geun, Jeong Seung-myeon, Kim Yeong-dae) all approved.
Director compensation limit of 2 billion KRW and auditor compensation limit of 300 million KRW approved.
Low shareholder voting participation: approval rates ranged from 50.7% to 52.5% of total outstanding shares.

ADVERTISEMENT (250px+)