Coretec Group Inc (CRTG)

[iamthe walrus]

From the latest filing today at Kib INTERESTING !!

II. Purpose of soliciting proxy voting

1. Purpose of soliciting proxy voting

Purpose of soliciting proxy voting

Despite being a sound and excellent company, KIB Plug Energy has repeatedly met the wrong major shareholder since its establishment, causing many small shareholders to suffer without any fault. Recently, due to suspicions of embezzlement and breach of trust, trading has been suspended, and I feel strongly that we should no longer leave the company in the hands of major shareholders.

The announcement of the change of the date of the extraordinary general meeting of shareholders to December 13 at the last board meeting is judged to be a trick by Coretech, which only purchased and holds 18 million shares of M Square, to seize management rights with a small number of shares.

The directors who led and decided to pass the agenda for this extraordinary general meeting at the last board meeting are the ones who have been accused of embezzlement and breach of trust, and they are the very ones who caused today's trading suspension.

Coretech, which attempted to seize management rights by appointing four new directors at the extraordinary general meeting on December 13, signed a stock purchase contract with Open Asia, but only paid 10% as a deposit. Coretech agreed to pay 10% of the down payment to Open Asia on December 3 and take over Open Asia's voting rights. Coretech ultimately attempted to seize management rights by delegating voting rights and appointing board members with its own personnel without even paying the balance, without actually acquiring Open Asia's stocks.

Such actions infringe on the rights of existing shareholders, and it is unfair to take management rights by mobilizing stocks that are not actually owned.

If it were a normal board of directors, it would have been appropriate to hold a temporary shareholders' meeting after December 24, the last payment date of the balance, so that Coretech could acquire the actual stocks normally and legally secure its status as the largest shareholder, and then hold a temporary shareholders' meeting to transfer management rights. In particular, we believe that bringing forward the temporary shareholders' meeting in a situation where trading has been suspended is an act that undermines the shareholder value of existing shareholders.

Please give us your strength so that we can exercise our shareholder rights properly as the owners of the company and protect the fate of the company ourselves.

December 3, 2024 Compensation of Kim Hyun-tae, representative of KIB Plug Energy Small Shareholders' Association

2. Matters related to delegation of voting rights

A. Method of delegating voting rights electronically (electronic proxy)

Whether electronic proxy can be issued No applicable
Electronic proxy issuance period -
Electronic proxy management agency -
Electronic proxy issuance
Internet homepage address -
Other additional information, etc. -

B. How to delegate voting rights with a written proxy

? Method of proxy issuance by solicitor, etc.

Directly handing over to solicitee O
Mail or facsimile (FAX) O
Post proxy form on internet homepage, etc. X
Sending proxy form by e-mail O
Sent with notice of convocation of general shareholders' meeting (only for issuers) X

- Whether or not to secure the solicitee's intent to send e-mail and plan to secure it

We plan to secure the intent of the solicitee to receive proxy form and reference materials via e-mail or phone, etc., by appropriate means

? Method of solicitee issuing proxy

-Proxy receipt office
207-dong 1701ho, 50 Seongsil-ro, Buk-gu, Pohang-si, Gyeongsangbuk-do (Jangseong-dong, Hyunjin Everville 2nd Complex Apartment)

- Postal receipt: Yes

-Inquiries
[e-mail] /010 3595 1608

D. Other methods of proxy voting

-

3. Matters related to direct exercise of voting rights at the general shareholders' meeting

A. Date and location of the general shareholders' meeting

Date December 13, 2024 10:00 a.m.
Location 260-37 Cheoyong-ro, Nam-gu, Ulsan (3rd floor conference room of the head office)

B. Electronic/written voting

? Matters related to electronic voting

Whether electronic voting is possible No applicable
Electronic voting period -
Electronic voting management agency -
Internet homepage address -
Other additional instructions, etc. -

? Matters related to written voting

Whether written voting is possible No applicable
Written voting period -
Written voting method -
Other additional instructions, etc. -

D. Other matters related to exercising voting rights at the general shareholders' meeting

-
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