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"Re-appointment of ADOR Director"... Former CEO Min Hee-jin.

Former CEO Min Hee-jin has filed for a preliminary injunction to re-elect ADOR's inside directors.

On the 13th, Min Hee-jin filed an application for a preliminary injunction to convene an extraordinary general meeting of ADOR shareholders and re-elect ADOR's internal directors at the Seoul Central District Court.

ADOR held a board meeting on the 27th of last month and dismissed Min. The company appointed Kim Joo-young as the new CEO.

Min Hee-jin said that the dismissal of the CEO violated the shareholders' agreement. It is also against the court's decision to issue a preliminary injunction against the exercise of voting rights.

The company believes that Hybe will not reappoint Min Hee-jin as an inside director, so an extraordinary shareholders' meeting is necessary to re-elect the director before the expiration of his term (November 2).

“In consideration of the court's preliminary injunction hearing period, we are requesting that (Min Hee-jin) be reappointed as a director of ADOR and then appointed as CEO,” the official explained.

The five-year term guarantee was emphasized. “Hybe unilaterally removed Ms. Min as CEO,” he said, ‘in direct violation of the shareholders’ agreement and the court's preliminary injunction decision.”

“Hybe is claiming that the shareholders' agreement was unilaterally terminated,” he said. ”Please make a reasonable management decision for the future of ADOR and NewJeans.”


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