Shareholder Communication

Shareholder Proposal

Shareholder Proposal Right

The shareholder proposal right allows shareholders to propose certain matters to be included as agenda items for the General Meeting of Shareholders.
(Article 363-2 of the Korean Commercial Act)
Shareholders who hold a certain percentage of the company’s voting shares may exercise this right. Multiple shareholders may jointly meet the ownership requirements.
(Articles 363-2(1), 542-6(2), and 542-6(8) of the Korean Commercial Act)

Submission Guidelines

  • Deadline

    At least six weeks prior to the anniversary date of the previous Annual General Meeting.

  • Submission Method
    • By mail: HR Team, DB HiTek Co., Ltd., 90 Sudoro, Bucheon-si, Gyeonggi-do, Korea
    • By e-mail: account1@dbhitek.com
  • Eligibility
    • Shareholders holding at least 3% of total voting shares; or
    • Shareholders holding at least 0.5% of total voting shares for six consecutive months prior to the date of submission.
      (The six-month holding period shall be counted backward from the day before the submission date.)
    • Required Documents: Certificate of beneficial shareholding issued by the Korea Securities Depository, transaction history (to verify the holding period)
  • Important Notice

    The company is not obligated to include proposals that do not comply with the statutory requirements, submission period, or procedures prescribed by law.

Internal Review Process

  1. 1

    Report the received proposal to the Board of Directors.

  2. 2
    1. 1) whether the shareholder meets the legal ownership requirement;
    2. 2) whether the proposal was submitted within the legal period;
    3. 3) whether the proposal violates laws or the Articles of Incorporation, or falls under any grounds for refusal.
  3. 3

    If all requirements of 1) and 2) are met, and 3) are not met, the proposal will be included in the agenda for the General Meeting.

  4. 4

    Upon the shareholder’s request, the proposing shareholder will be given an opportunity to explain the agenda item during the meeting.

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