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Our company respects the court’s decision regarding the provisional injunction lawsuit filed by CEO Min Hee Jin and will not exercise voting rights in favor of the “Dismissal of Inside Director Min Hee Jin” at the upcoming extraordinary meeting of shareholders.
Furthermore, as the court has clearly stated in this decision that “it is evident that Min Hee Jin sought ways to weaken HYBE’s control over ADOR and allow Min Hee Jin to control ADOR independently by either taking NewJeans out of HYBE’s control or pressuring HYBE to sell its shares in ADOR,” our company plans to proceed with subsequent steps within the boundaries set by the law.
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