“To protect ‘NewJeans’”, ADOR CEO Min Hee-jin files for provisional injunction to ban HYBE from exercising voting rights

On the 7th, ADOR CEO Min Hee-jin announced that she had filed an application for a provisional injunction to ban HYBE from exercising voting rights at the Seoul Central District Court.
Min's side stated, "HYBE has requested that an extraordinary general meeting of shareholders be convened to dismiss Min, but this was not agreed upon with Min.
"Min violated the shareholder contract that was signed between the shareholders," he continued. "Min filed a provisional injunction to the effect that he should not exercise his voting rights in favor of the dismissal case, because his right to demand performance of the shareholder contract is a right that should be preserved.
In addition, Min's side stated, "CEO Min is of the opinion that HYBE's allegations of breach of trust are false," and added, "ADOR's artists and ADOR's projects are
"We have also decided to apply for a provisional injunction to prohibit the exercise of voting rights in order to protect the value of our business," HYBE said.
On the 26th of last month, HYBE filed a criminal complaint against Min at the Seoul Yongsan Police Station on charges of breach of trust.
They demanded the convening of an extraordinary general meeting of shareholders to replace the management. On the same day, CEO Min notified HYBE that ADOR's board of directors would be held on the 10th. CEO Min's side
The Seoul Western District Court held a hearing on the application for permission to convene an extraordinary general meeting of shareholders, during which the board of directors held a meeting until the 10th, and announced that it would hold an extraordinary general meeting of shareholders until the end of this month.
The proposal to be put forward by the board of directors is said to be to convene an extraordinary general meeting of shareholders. It is not yet known what issues Min's team will bring up at the extraordinary general meeting of shareholders.
If E's request for the dismissal of the representative director is not submitted, the court may intervene on the afternoon of the 13th and allow the convening of an extraordinary general meeting of shareholders at which this matter will be submitted.