| 금융위원회 / 한국거래소 귀중 | |
| 2023 년 3 월 3 일 | |
| 권 유 자: | 성 명: 쿼드자산운용 주식회사주 소: 서울시 영등포구 국제금융로 10 쓰리아이에프씨동 29층전화번호: 02-786-1830 |
| 작 성 자: | 성 명: 신윤재부서 및 직위: 쿼드자산운용 주식회사 상무전화번호: 02-730-8521 |
| 1. 의결권 대리행사 권유에 관한 사항 | |||
| 가. 권유자 | 나. 회사와의 관계 | ||
| 다. 주총 소집공고일 | 라. 주주총회일 | ||
| 마. 권유 시작일 | 바. 권유업무 위탁 여부 | ||
| 2. 의결권 대리행사 권유의 취지 | |||
| 가. 권유취지 | |||
| 나. 전자위임장 여부 | (관리기관) | ||
| (인터넷 주소) | |||
| 다. 전자/서면투표 여부 | (전자투표 관리기관) | ||
| (전자투표 인터넷 주소) | |||
| 3. 주주총회 목적사항 | |||
| 성명(회사명) | 주식의종류 | 소유주식수 | 소유비율 | 회사와의 관계 | 비고 |
|---|---|---|---|---|---|
- 권유자의 특별관계자에 대한 사항
| 성명(회사명) | 권유자와의관계 | 주식의종류 | 소유주식수 | 소유 비율 | 회사와의관계 | 비고 |
|---|---|---|---|---|---|---|
| 계 | - | - | ||||
* 권유자는 펀드(투자신탁)의 집합투자업자의 지위에서 특별관계자 소유 주식에 대한 의결권을 행사함. ** I.항의 소유주식수(주식소유수) 및 소유비율은 2022. 12. 31. 기준임.*** 2022. 12. 31. 기준 자기주식을 제외한 의결권 있는 발행주식 총수(13,613,232주-757,182주) 대비 소유비율은 5.3% 임. I. Matters related to Proxy Solicitator, Attorney-in-fact and Solicited Voting Rights Holders
1. Matters Related to Proxy Solicitator
| Name(Entity Name) | Type of Shares | Number of Shares Held | Ratio of Shares Held | Relationship with the Company | Note |
|---|---|---|---|---|---|
| QUAD Investment Management | - | - | - | - | - |
- Matters Related to Specially-Related Persons of the Proxy Solicitator
| Name(Entity Name) | Reltionship with the Proxy Solicitator | Type of Shares | Number of Shares Held | Ratio of Shares Held | Relationship with the Company | Note |
|---|---|---|---|---|---|---|
| Shinhan Bank | A trust business entity of a fund managed by the proxy solicitor as a collective investment business entity | Common Shares | 680,903 | 5.00 | Shareholder | - |
| - | 680,903 | 5.00 | - | - | ||
* Proxy solicitor is a sole discretrionary investment manager of private fund vehicles that hold shares and is a collective investment business entity ** The number and ratio of shares held in paragraph I. is as of December 31, 2022*** As of December 31, 2022, the ratio of shares held to the total number of issued shares excluding treasury stocks(13,613,232 shares-757,182 shares) is 5.3%.
| 성명(회사명) | 주식의종류 | 소유주식수 | 회사와의관계 | 권유자와의관계 | 비고 |
|---|---|---|---|---|---|
| 성명(회사명) | 구분 | 주식의종류 | 주식소유수 | 회사와의관계 | 권유자와의관계 | 비고 |
|---|---|---|---|---|---|---|
2. Matters Related to Attorney-In-Fact of Proxy SolicitorA. Attorney-In-Fact of Voting rights at Annual Meeting of Shareholders (Delegtee of Voting rights)
|
Name (Corporate Name) |
Type of Shares |
Number ofShares Held |
Relationship with the Company |
Relationship with ProxySolicitor |
Note |
| Jay(Yoon Jae) Shin(QUAD Investment Management) | - | 0 | - | Employee | - |
|
Sung-Hyun Song (Hannuri Law Firm) |
- | 0 | - | Attorney-In-Fact | - |
|
Hyun-Ju Ku (Hannuri Law Firm) |
- | 0 | - | Attorney-In-Fact | - |
|
Han Gyul Lim (Hannuri Law Firm) |
- | 0 | - | Attorney-In-Fact | - |
B. Attorney-In-Fact as Agent of Proxy Solicitation
|
Name (Corporate Name) |
Entity Type |
Type of Shares |
Number ofShares Held |
Relationship with theCompany |
Relationship with the Proxy Solicitor |
Note |
| - | Not Applicable | - | - | - | - | - |
| 주주총회소집공고일 | 권유 시작일 | 권유 종료일 | 주주총회일 |
|---|---|---|---|
3. Proxy Solicitation Period / Scope and Extent of the Solicited Voting Rights Holders
A. Proxy Solicitation Period
|
Public Notice for Calling AGM of Shareholders |
Start Date |
End Date |
Date of AGM ofShareholders |
|
Mar. 02, 2023 |
Mar. 08, 2023 |
Mar. 17, 2023 |
Mar. 17, 2023 |
B. Scope and Extent of the Solicited Voting Rights Holders
| All shareholders of Hy-Lok Korea(the "Company") recorded on the real shareholders certificate of the Company as of December 31, 2022 |
1. Purpose and Intent of Proxy Solicitation
|
Agenda 2. Amendment of Articles of Incorporation('Against') The Board of Directors is proposing to decrease the number of Directors on Article 32 and the number of Internal Auditors on Article 44. For this purpose, we request the shareholders to grant proxies to QUAD for the casting votes against of Agenda 2. Agenda 3-1. Appointment of Auditor: Lee, Joon Hong('Against') Disclosure on Public Announcement of Convocation of AGM states 'Lee Joon Hong's candidacy may be subject to revocation based on the result of the findings of Korea Public Service Ethics Committee'. For his uncertain candidacy and lack of independency, we request shareholders to grant proxies to QUAD for the casting votes against of Agenda 3-1. Agendas 3-2 and 3-3. Appointment of Auditors: Gil, Min-Seok and Nam, Chang Woo('For')Due to strong qualification as certified public accountants independent to Hy-Lok Korea, we request the shareholders to grant proxies to QUAD for the casting votes in favor of Agendas 3-2 and 3-3.Hy-Lok Korea(the "Company") is a publicly traded company in Korea with diversified pool of shareholders. As of December 31, 2022, the Moon Family(the "Controlling Family") owns 42% of the Company while local and global institutional shareholders consist of 35% of ownership and individual shareholders account for 18% of number of outstanding shares. Despite its diversified structure, suboptimal governance and mismanagement practice focused on the Controlling Family only has led to an understandable under-rating of the Company. In specific, we find it problematic that ownership of the key private entities that were once consolidated are now transferred to the Controlling family only to conduct business with the Company. In addition, we find the Board of Directors in which unanimously voted in favor of such related party transactions questionable and accountable for. Public disclosures are limited without factual explanations and at some cases, are not disclosed. It is no coincidence that various stakeholders voiced concerns on the independent structure within the Company. In 2020, National Pension Service("NPS"), one of the key institutional shareholders, voted against on appointing internal audit candidate proposed by the Company. NPS disclosed that 'prolonged tenure of the current internal audit member is likely to deteriorate independency of the position'. In addition, in 2022, one of the global proxy advisory firms advised voting against the election of directors concerning lack of Board independence.
As such, in upcoming AGM proxy solicitation, QUAD is proposing the election of GIL, Min-Seok, CPA, and NAM, Chang-Woo, CPA, as internal auditors. Underlying this proposal is QUAD's view that independent board and system is necessary to assure Hy-Lok Korea's value accrues in a fair way to all shareholders. Others For Agenda items other than the Agenda items specifically referenced in Sections 2(Amendment of Articles of Incorporation) and 3(Appointment Internal Audit Members) above, we request the shareholders to grant proxies to QUAD for the casting of votes either in favor or against as determined by each shareholder.
For more information on ongoing engagement, please visit our website at:http://en.quadim.com/sc |
| 전자위임장 수여 가능 여부 |
| 전자위임장 수여기간 |
| 전자위임장 관리기관 |
| 전자위임장 수여인터넷 홈페이지 주소 |
| 기타 추가 안내사항 등 |
| 피권유자에게 직접 교부 |
| 우편 또는 모사전송(FAX) |
| 인터넷 홈페이지 등에 위임장 용지를 게시 |
| 전자우편으로 위임장 용지 송부 |
| 주주총회 소집 통지와 함께 송부(발행인에 한함) |
- 위임장용지 교부 인터넷 홈페이지
| 홈페이지 명칭 | 인터넷 주소 | 비고 |
|---|---|---|
- 전자우편 전송에 대한 피권유자의 의사표시 확보 여부 및 확보 계획
2. Matters related to the Delegation of voting rights
A. Methods of Delegating voting rights Electronically (Electronic Power of Attorney Forms)
|
Whether Delegation by Electronic Power of Attorney Forms is possible |
Not Applicable |
|
Period of Delegation by Electronic Power of Attorney Forms |
- |
|
Managing Administration of Electronic Power of Attorney Forms |
- |
|
Internet Homepage Address of delegation of Electronic Power of Attorney Forms |
- |
|
Other Note |
- |
B. Methods of Delegating Voting rights with a written Power of Attorney Forms □ Methods of Delivering Power of Attorney Forms by Proxy Solicitor, etc.
| Direct delivery to a solicited shareholder |
O |
| Delivery by post or facsimile |
O |
| Post a Power of Attorney Forms on the Internet homepage, etc. |
O |
| Delivery by electronic mail |
O |
| Delivery together with the notice to convene the AGM of Shareholders (in case where the proxy solicitor is the issuer) |
X |
- Internet Homepage of Providing Power of Attorney Forms
|
Name of Homepage |
Internet Address |
Others |
| QUAD Investment Management | http://en.quadim.com/sc | - |
- Whether and the plan to secure the expression of the solicitated shareholder's intention in send e-mail
|
Proxy Solicitor plans to send a Power of Attorney Forms by e-mail only if the solicited shareholder has indicated his intention to receive it by the e-mail. |
□ Method of sending a Power of Attorney Forms by a Solicitated Shareholder
|
- Mail reception until shareholders' meeting begins(Mar. 17, 2023)- Mailing address : Jay(Yoon Jae) Shin, Managing DirectorQUAD Investment ManagementThree IFC 29 Floor, 10 Gukjegeumyung-ro Youngdeungpo-gu, Seoul, Korea (Zip Code: 07326) |
C. Other Methods
|
- |
| 일 시 |
| 장 소 |
| 전자투표 가능 여부 |
| 전자투표 기간 |
| 전자투표 관리기관 |
| 인터넷 홈페이지 주소 |
| 기타 추가 안내사항 등 |
| 서면투표 가능 여부 |
| 서면투표 기간 |
| 서면투표 방법 |
| 기타 추가 안내사항 등 |
3. Matters related to the Direct Exercise of voting rights
A. Date/Time and Place of the scheduled AGM of shareholders
|
Date/Time |
March 17, 2023 at 10:00am, KST |
|
Place |
1st floor Conference Room, Hy-Lok Korea Corporation Headquarters97 Noksansandan 27-ro Gangseo-gu, Busan, Korea |
B. Whether Electronic/Written Voting is Available
□ Matters of Electronic Voting
|
Electronic voting |
Not Applicable |
|
Period of Electronic voting |
- |
|
Managing administration of Electronic voting |
- |
|
Homepage address |
- |
|
Other notes |
- |
□ Matters of Voting in writing
|
Voting in writing |
Not Applicable |
|
Period of Voting in writing |
- |
|
Method of Voting in writing |
- |
|
Other notes |
- |
C. Other Matters of Exercising Voting right at AGM of Shareholders
|
- |
증권의 발행 및 공시 등에 관한 규정 제3-15조(참고서류) 제3항에 의거 주주총회의 목적사항의 제목만 기재합니다.
제1호 의안: 제45기(2022.1.1~2022.12.31) 재무제표(이익잉여금처분계산서 포함) 및 연결재무제표 승인의 건 * 1주당 현금배당 600원
제2호 의안: 정관 변경의 건
제3호 의안: 감사 선임의 건
제4호 의안: 이사 보수한도 승인의 건
제5호 의안: 감사 보수한도 승인의 건
III. Description of the Agenda Items of the AGM of Shareholders
□ Approval of Financial Statements
Agenda 1: Approval of 45th (2022.1.1 ~ 2022.12.31) Year-End Financial Statements, Dividends andStatement of Appropriation of Retained Earnings * Cash Dividend - KRW 600 per share
□ Amendments of Articles of Incorporation
Agenda 2: Amendments of Articles of Incorporation
□ Appointment of Auditors
Agenda 3: Appointment of Auditors
□ Approval of Director Compensation Ceiling
Agenda 4: Approval of Director Compensation Ceiling
□ Approval of Auditors Compensation Ceiling
Agenda 5: Approval of Auditors Compensation Ceiling