Huons Global, 7to put subsidiary merger plan directly to a vote at extraordinary shareholders’ meeting in

![Huons Global, 7to put subsidiary merger plan directly to a vote at extraordinary shareholders’ meeting in /blog-images/gen-ea4c7dae-7415-4ea6-ba52-8a35e090ef18.jpg)

Huons Global 5on 28 disclosed to the Financial Supervisory Service’s electronic disclosure system that it would hold an extraordinary shareholders’ meeting. The extraordinary shareholders’ meeting was scheduled for 7 in 3. Shareholders will vote directly for or against the merger plan.

Huons Global pursued a merger plan to transfer promising unlisted subsidiaries to its operating company. The merger targets include Huons and HuonsLab. The plan drew opposition from shareholders.

The company said it had accepted a proposal from a special committee that reviewed the appropriateness of the merger. After examining the merits of the merger plan, the committee recommended that shareholders make the decision. Accordingly, the company decided to seek a final decision through an extraordinary shareholders’ meeting.

The company is considering applying the so-called “3% rule,” which restricts the voting rights of the owner and related parties only on the agenda items at this extraordinary shareholders’ meeting. The company plans to inform shareholders whether the rule will apply and then proceed with the vote. As a result, the influence of minority shareholders’ votes has grown.

The company plans to disclose details of the schedule for convening the extraordinary shareholders’ meeting and its plans for restricting voting rights at a later date. The disclosure will be posted on the electronic disclosure system. Shareholders can check how to exercise their voting rights and what documents are required through the disclosure.