At the regular shareholders meeting of TPLEX, minor shareholders proposed the appointment of an auditor.
According to lawyer Lee Gyu-sung from Weon Law Firm on the 31st, the former TPLEX vice president Koo Hee-chan was appointed as a full-time auditor at the TPLEX shareholders meeting held that day.
Earlier, Lee sent a letter to TPLEX, demanding the appointment of an auditor favorable to minor shareholders, the establishment of executive compensation regulations, and measures for corporate normalization, such as expanding dividends. He also received 56.11% of the voting rights from 182 minor shareholders through the minor shareholder movement platform HeyHalter.
Minor shareholders hoped that the newly appointed auditor would exercise supervisory functions within the company. The new auditor said, "I will convey the voices of minor shareholders to the company."
Lee stated that he would work to improve TPLEX's price-to-net worth ratio (PBR, market capitalization ÷ net worth), which fell below 0.5 times. He noted, "As seen in this shareholders meeting, if minor shareholders unite, they can win against the management," and added, "We will systematically normalize TPLEX and implement policies to increase shareholder value through expanded dividends and increased reserves."