Capital Reduction to Cover Deficit and EGM on June 5
- Extraordinary general meeting (EGM) rescheduled from May 22, 2026 to June 5, 2026 (amended disclosure)
- Agenda includes 'capital reduction to cover deficit', raising concerns over dilution of existing shareholders' stake
- Pursuant to court order, candidate for inside director Choi Su-il (resigned) and outside director Kim Dong-hyun (did not submit resignation) are included in the agenda
- Proposals to appoint inside directors Kim Jun-ho (new), Park Jin-sook (new), Choi Su-il; outside director Hwang Shin-yong (new), Kim Dong-hyun; auditors Hyun Ki-yong (new), Kim Shin-myung (new)
- Amendments to articles of incorporation include reflecting revised Commercial Act and KOSDAQ standard articles
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KOSDAQ Filing Information
- Filing: [Correction of Description] Resolution on Convening of General Meeting of Shareholders (Extraordinary General Meeting)
- Company: Korea Cable T.V Chung-Buk System (066790)
- Submission: Korea Cable T.V Chung-Buk System Co., Ltd.
- Receipt: 05-21-2026
- Under KRX KOSDAQ Market Division