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Shareholder Meeting

Orion prepares to leaping forward with substantial growth.

Alongside our shareholders, we will create greater corporate value.

Voting System

Orion has not adopted a cumulative voting system nor a paper voting system.

We have decided to introduce our e-voting system starting with Annual Shareholders Meeting convened on Mar. 29, 2019 according to Article 368-4 of the Commercial Act and entrusted the Korea Securities Depository to manage and administer this system.

Orion shareholders can exercise their voting rights using the e-voting system.

Shareholders can verify their identity directly with the shareholder verification certificate to exercise their voting rights using the e-voting system.

The e-Voting System
Details of Voting Rights Exercised at the Annual Shareholders Meeting

[ Unit: No. of shares, % ]

Details of Voting Rights Exercised at the Annual Shareholders Meeting
Total shares issued (outstanding) No. of voting shares No. of shareholders present Major shareholders(Orion Holdings Co., Ltd.) Other shareholders Attendance
39,536,132 39,528,788 33,407,982 14,775,139 18,632,843 84.5%
Results of Agenda

[ Unit: No. of shares, % ]

Agreement and Disagreement Status as per Annual Shareholders Meeting Agenda
Agenda Resolution types Purpose of item Based on attendance
For Against & Withdrawals
Item No.1 General Approval of the financial statements 32,458,725 97.2% 949,257 2.8%
Item No.2 General Appointment of Directors (Inside Director, Seung-joon Lee) 30,872,758 92.4% 2,535,224 7.6%
Item No.3(*) General Appointment of an Outside Director to be a member of the Audit Committee (Outside Director, Seung-kwon Roh) 10,289,057 62.7% 6,125,237 37.3%
Item No.4 General Approval of the directors' remuneration limit 23,672,309 70.9% 9,735,673 29.1%

(*) This reflects Article 542-12 (related parties & relevant voting rights is limited to 3% or less when appointing members of the Audit Committee) of the Commercial Act.

Minutes of Annual Shareholders Meeting
Annual Shareholders Meeting Minutes Items
Date of the Annual Shareholders Meeting Agenda Resolutions Notes
8th Regular GSM
(Mar. 26, 2025)
No. 1 agenda: Approval of the financial statements Approved. -
No.2 agenda : Appointment of Directors (Inside Director, Seung-joon Lee) Approved. Appointed as of 26 Mar, 2025
No.3 agenda : Appointment of an Outside Director to be a member of the Audit Committee (Outside Director, Seung-kwon Roh) Approved. Appointed as of 26 Mar, 2025
No.4 agenda : Approval of the directors' remuneration limit Approved.(KRW 8.0 billion) -
Right to Propose Agenda Items

The Company ensures the following shareholder rights stipulated under the Commercial Act to gather and reflect the opinions of minority shareholders

Right to Convene a General Meeting of Shareholders

In accordance with Article 542-6 of the Commercial Act, shareholders who have continuously held at least 1.5% of the total issued shares, excluding non-voting shares, for at least six months may request the convening of an extraordinary general meeting of shareholders.

Right to Propose Agenda Items

In accordance with Article 542-6 of the Commercial Act, shareholders who have continuously held at least 1% of the total issued shares, excluding non-voting shares, for at least six months may propose agenda items for the general meeting of shareholders in writing or via electronic documents no later than six weeks before the date of the annual general meeting.


Pursuant to Article 363-2 of the Commercial Act, the Board of Directors must include the proposed agenda items in the notice of the general meeting of shareholders as meeting agenda, unless the proposals violate laws, the Articles of Incorporation, or fall under the grounds for rejection specified in Article 12 of the Enforcement Decree of the Commercial Act. If requested by the proposing shareholder, the key details of the proposed agenda items will also be included in the notice of the meeting. Furthermore, an opportunity will be provided at the general meeting of shareholders to explain the proposed agenda items.