Coretec Group Inc (CE) (CRTG) 뉴스

Amen, another pilot I flew with had a dream that it went to .22, but that was about a year ago. Now that CRTG has a controlling stake in KIB Plug Energy, I think your prophetic dream is well in the realm of possibility.

I had a dream last night I got a notification CRTG went to $3.35 a share...In the dream I calmly told my wife "Well, the wait paid off." In my dream I think I was a lot calmer than I would be in real life. Hopefully it's prophetic.

Truth will set you free!!!!…….,.,,,,,,

The passage of time it has been can be seen as positive (to me) now since we've spent that time waiting and wondering and now we are presumably closer. IMO waiting to finish the filing till the Annual Meeting which just previously happened may have been required or at least good form? You are right we have ruled out so many factors.

I am pessimistic that there'll be anything new this month and probably next month. They've had time to do the books, so that isn't the problem and there is something else going on that remaining in the dark allows them not to talk about. No need to buckle up, going to be a long, slow ride. My opinion only and I hope I'm wrong.

Will there be any news of progress in April??

Thanks you Its looks like Kib Plug will be CRTGs ticket , at least a big part of it so its worth keeping up with what Kib is doing under CRTGs leadership ( among others ) glad to do it .

Another one bits the dust . Last lawsuit dismissed so will that be the last one ?? Will have to check tomorrow to see but it seems the writing is on the wall that the new management can be trusted from this point to grow Kib Plug Energy and take it in the right direction .

https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20250409800370

Tae and 1 other person
Applicants' litigation representative: Taecheong Law Firm
Case party: KIB Plug Energy Co., Ltd.

The materials submitted by the applicants alone are insufficient to prove the necessity of appointing an inspector under Article 367, Paragraph 2 of the Commercial Act to investigate the legality of the convening procedure and resolution method of the shareholders' meeting in this case.

This application is without merit and is therefore dismissed.

7. Confirmation date 2025-04-09
The above ‘7. Confirmation Date’ is the date on which we received and confirmed the judgment.

2025-04-02 Filing/Application for Litigation, etc. (Management Rights Dispute Litigation)

I wrote a "Thank you for the deep dive and explanation of KIB/CRTG relationships" post yesterday but it wouldn't post. Thanks for all you do!

The bid today is .0008 / ask is .045. I noticed yesterday the stock traded 100 shares at .02 cents . They may have raised the ask because the one market maker we have knows that Coretec has revenue now plus a controling stake of Kib plug Energy

I saw the high of .02 again today. I wonder why that's popping up all the sudden. I'm torn between hoping the price stays down allowing for picking up more shares on the bargain OR the stock shooting up based on international exposure. At this point I hope the later because CRTG needs the infusion to go forward with the building plans.

Agree to disagree. It erks me when people say "Don't believe your lying eyes or your lived history." It shouldn't bother me as much as it does but It does.

I think you're right, pegs1!  Praying some sort of update by end of month! 

Can we keep this about $CRTG, please?  There are other boards to argue on.  I don't come here for political views!!!  Thanks 😊

It's not about our politics, it's about being honest.  Trump has not been truthful about the deficit because he's only discussing goods.  America has very positive numbers for service from most countries. When looking at balance of trade both goods and services must be considered. 
I'm not saying that there is no imbalance, but if tarrifs must be used, they should be fair and based on all the facts.   Trump uses facts in his mind that are simply not true and almost never admits being wrong. 
Gary 

Report on the Grant of Stock Options

Financial Services Commission/Korea Exchange Precious
April 7, 2025

Company Name: KIB Plug Energy Co., Ltd. (DKME Co., Ltd.)
Representatives: Kim Seon-gi, Baek Seung-ryun. ( Kim Seon-g Coretec board member)
Head Office Address: 260-37, Cheoyong-ro, Nam-gu, Ulsan

(Tel) 052-278-9000

(Website) http://www.kibplugenergy.com

Writer: (Position) Managing Director (Name) Park Sang-jun


Grant of Stock Options



1. Number of recipients (persons) Director, auditor or employee of the listed company 154
Director, auditor or employee of a related company -
2. Number of shares granted (shrs.) Common stock 13,865,000
Different classes of stocks -
3. Exercise conditions Exercise period Start date 2027.04.07
End date 2033.04.06
Exercise price (KRW) Common stock 518
Different classes of stocks -
4. Grant method Grant of new shares, Grant of treasury stock
5. Grant resolution body general shareholders’ meeting
6. Grant date 2025.04.07
7. Basis for grant Article 9-3 of the Articles of Incorporation (Stock Purchase Options)
8. Total grant after current grant (shrs.) Common stock 13,965,000
Different classes of stocks -
9. Board resolution date (If board resolution is granted) -
- Attendance of outside directors Present (No.) -
Absent (No.) -
- Attendance of auditors (members of Audit Committee) -
10. Other matters to consider when making investment decisions

A. Purpose of granting
- To reward executives and employees who have contributed or are likely to contribute to the company's management and to pursue the company's mid- to long-term management goals as part of a program to achieve them.

B. Exercise period
- Within 6 years from the date of granting (April 7, 2027 ~ April 6, 2033). The stock purchase option will expire after the same period.

D. Exercise Price
- The exercise price of the above 3 clauses shall be calculated as the higher price among the arithmetic average of the trading volume weighted averages for 2 months, 1 month, and 1 week prior to the general shareholders' meeting and the par value. However, due to the fact that our company is currently subject to a substantive examination of listing eligibility, trading has been suspended since November 27, 2024, and there is no fair stock price or market price formed in the stock market. Therefore, our company has requested an external evaluation agency to evaluate the stock and calculated the exercise price with reference to the results.

Ra. Granting Method
- At the time of exercising the stock purchase option, the method of issuing new shares or issuing treasury shares shall be determined by the company at the time of exercise.

Ma. Adjustment of exercise price and quantity
- In case of changes in stock value due to paid-in capital increase, free capital increase, stock dividend, stock par value split, or merger or consolidation after the date of stock purchase option granting, the exercise price and quantity may be adjusted by the stock purchase option granting agreement or board of directors resolution.

B. Other
- Matters related to granting stock options other than the above shall be governed by relevant laws, articles of incorporation, and stock option grant agreements, etc.
- The above matters were approved at the regular shareholders' meeting held on April 7, 2025

[ Details of Grant per Recipient ]
Name of recipient Relationship Stock granted (shrs.) Fair value Note
Common stock Different classes of stocks
Kim Seon-gi Executive 1,200,000 - 256 - ( Coretec board member )
Baek Seung-ryun Executive 1,000,000 - 256 -
Baek Yeong-gi Executive 700,000 - 256 -
Lee Ji-young Executive 500,000 - 256 -
Yoon Chang-an Executive 300,000 - 256 -
Jin Woo-yeon Executive 300,000 - 256 -
Park Sang-jun Executive 300,000 - 256 -
Kim Jeong-hoon Executives 250,000 - 256 -
Eom Hong-jin Executives 250,000 - 256 -
Kim Dong-hoon Executives 250,000 - 256 -
??? and 143 other employees 8,815,000 - 256 -
? Fair value calculation method and major assumptions
- Calculation method: Fair value approach (binomial model applied among option pricing supplements)
- Fair value calculation assumptions
? Exercise price: KRW 518 (fair value assessment amount by discounted cash flow method)
? Discount rate / risk-free rate of return: 2.70%
? Expected exercise period: April 7, 2027 ~ April 6, 2033
? Applicable stock price volatility: 49.26%
? Risk-free rate of return: 2.70%
? Market dividend yield: 1.39%

7. Fair value of option: 256 won

? Other stock related matters

Basis in articles of incorporation -

Report on the Appointment, Dismissal or Early Retirement of Outside Directors

Financial Services Commission/Korea Exchange Precious
April 7, 2025

Company Name: KIB Plug Energy Co., Ltd. (DKME Co., Ltd.)
Representatives: Kim Seon-gi, Baek Seung-ryun
Head Office Address: 260-37, Cheoyong-ro, Nam-gu, Ulsan

(Tel) 052-278-9000

(Website) http://www.kibplugenergy.com

Writer: (Position) Managing Director (Name) Park Sang-jun


1,124 / 5,000
Report on the Appointment, Dismissal or Early Retirement of Outside Directors



1. Date of change in outside director 2025.04.07
2. Number of outside directors changed Appointment/reappointment (persons) 2
Dismissal and early retirement (persons) -
3. Status before change of outside directors Total number of registered directors (persons) 7
Total number of outside directors (persons) 2
Outside director ratio (%) 28.5
4. Status after change of outside director Total number of registered directors (persons) 10
Total number of outside directors (persons) 4
Outside director ratio (%) 40
5. Whether a large-sized corporation Non-applicable
6. Other matters to be factored into investment decisions -

?New appointment/Reappointment of Outside Directors?
Name Birth year and month Gender Appointment category Term start date Term of office Total tenure of outside directors (Including current term) Major career and current position
Im Tae-sang September 1958 Male New April 7, 2025 3 years 3 years LG Household & Health Care, Pyeon Co., Ltd. Sales Management
Public Institution Specialist
Kwon Oh-seon February 1957 Male New April 7, 2025 3 years 3 years Consulting for Eng.B Management Consulting Co., Ltd., Korea Management Technology, etc.
Evaluation Committee Member for Korea Agency for Technology and Standards, Korea Evaluation Institute for Industrial Evaluation, etc.

Outcome of Annual Shareholders' Meeting ( Kib Plug Energy
1. Approval of Financial Statements
44th
(in Mil. KRW)
A. Consolidated financial statements - Total assets 213,873 - Sales 136,623
- Total liabilities 87,188 - Operating income 10,022
- Capital stock 118,491 - Net income 2,282
- Total shareholders' equity 126,685 *Earnings per share (KRW) 10
B. Non-consolidated financial statements - Total assets 213,884 - Sales 136,623
- Total liabilities 87,188 - Operating income 11,250
- Capital stock 118,491 - Net income 2,327
- Total shareholders' equity 126,696 *Earnings per share (KRW) 10
*Auditor's opinion Consolidated financial statements Unqualified opinion
Non-consolidated financial statements Unqualified opinion
2.Dividend -
A. Cash dividend and dividend in kind Class of dividend -
- Details of assets -
Dividend per share (KRW) Common stock Year-end dividend -
Interim & quarterly dividends -
Different Classes of stocks Year-end dividend -
Interim & quarterly dividends -
Total dividends (KRW) -
Market price-dividend ratio (%) (including interim dividend) Common stock -
Different classes of stocks -
B. Stock dividend Stock dividend rate (%) Common stock -
Different classes of stocks -
Total stock dividends Common stock -
Different classes of stocks -
3. Appointment of directors, etc. (as of appointment date)
A. Details of appointment Outside directors: 2 (new appointments)
Other non-executive directors: 1 (new appointments)
B. Number of outside directors after appointment Total number of directors 10
Total number of outside directors 4
Outside director appointment ratio (%) 40
C. Number of auditors after appointment Standing auditor -
Non-standing auditor -
D. Members of Audit Committee after appointment Members of Audit Committee who are outside directors 3
Members of Audit Committee who are not outside directors -
4. Details of other resolutions Purpose of the 44th regular shareholders' meeting



1. Audit report
2. Business report
3. Report on the operation status of the internal accounting management system


Proposal No. 1: Approval of the 44th financial statements

? Approval as per original plan

Proposal No. 2: Amendment of the Articles of Incorporation

? As per original plan Approval

Agenda No. 3: Dismissal of Directors (Total of 2)

- No. 3-1 Dismissal of Other Non-Executive Director Choi Soo-hyun
? Rejected due to lack of quorum

- No. 3-2 Dismissal of Outside Director Son Kyo-deok

? Rejected due to lack of quorum

Agenda No. 4: Appointment of Directors

- No. 4-1 Outside Director Candidate Lim Tae-sang

? Approved as per original plan

- No. 4-2 Other Non-Executive Director Candidate Kim Hyeong-gi

? Approved as per original plan

Agenda No. 5: Appointment of Audit Committee Members

- No. 5-1 Outside Director Candidate Lim Tae-sang
? Approved as per original plan

- No. 5-2 Outside Director Candidate Yoo Young-sun
? Approved as per original plan

Agenda No. 6: Appointment of Outside Directors to Become Audit Committee Members

- No. 6-1 Outside Director Candidates to Become Audit Committee Members Kwon Oh-seon
? Approved as per original plan

Agenda No. 7: Approval of director compensation limit
? Approved as per original plan

Agenda No. 8: Granting of stock purchase option rights
? Approved as per original plan
5. Date of shareholders' meeting 2025-04-07
6. Other matters to be factored into investment decisions
1) It was determined that legal review was necessary for the exercise of some voting rights, so the report items [Audit report], [Business report],

Kib Plug Energy is holding their shareholder meeting in Korea as i type this . We can look for thr results of that shareholder meeting perhaps as early as tommorrow. At 6:00 pm Monday night it will be 9:00 am Tuesday morning in Korea so we can start looking for a filing on Dart at that time .

Nothing I say will change your opinion. I can provide facts, receipts, etc and your views will still be tainted by your color of politics and that is true of mine as well. All I can say is, as a farm community, we see huge corporate farms receive billions in subsidies and small family farms receive nothing. We see farmers paid to NOT plant and let their ground sit idle and we've seen our farm products rejected because we didn't belong to this gov started group or the other. Government has drifted so far out of it's lane to reign it BACK into the confines of the Constitution is considered madness because people aren't taught history and civics BY DESIGN anymore. Having said that I want a government that will fight FOR America and Americans. That fight IS spelled out in the constitution and rests squarely with Congress but they ceded that "power" to FDR in the armaments ban 1937. Congress voluntarily surrendered foreign policy to the presidency. We can argue who's right and who's wrong but the bare facts are our government has devolved from the checks and balances established in our constitution and the interests of the American people are no longer the driving force behind decisions because of multinational corporations lobbying and dark money. This administration is only doing what other countries HAVE BEEN doing and that is looking out for the benefit of their own country. America to date has had the "good sport" attitude and Democrat or Republican have allowed the nations interests and national security interests of OUR nation to fall by the wayside. We will either regain our sovereignty as a nation and stop trying to be the police and welfare office of the world or we will go bankrupt and become a cautionary tale in the annals of history. So whether it's tariffs or welfare or intellectual property rights we might not be able to agree on much but I hope we can agree as an American our peoples needs and our peoples future must be the guiding force behind every decision made by our elected representatives. That process of self determination makes us unique in this world and this election cycle the people by a popular mandate told this administration to PUT AMERICA FIRST!

Gunny, I'd be willing to bet that if you sent the milk to Canada it wasn't tariffed under the current arrangement. The administration has overstated the position that makes the US appear to be a big loser, when service is included, we're still an economic powerhouse. In reality, people working in the service industries earn substantially more than those involved in manufacturing. In both cases, computers are taking ever greater parts of the workloads, but it's totally foolish to ignore all the money our service industries bring in, even if nothing but money and some software product, etc. actually moves electronically over a border.

Look at Musk, yes he build cars, rockets, etc. but he also receives payments from all over the world from people using "X", or starlink, etc.

Gary

I grew up on a dairy farm milking 800 Holstein Friesian twice a day. My information is first hand not read in a book...

Gunny, in Canada there is no tariff on milk products at all until we exceed a very large figure annually.  As I understand it we have never exported over half that figure.  Much of what we're being feed is half truths.  In most cases only trade of goods is considered, if services are added, we are much closer to break even, and in some cases have a surplus. 
Gary

Where's HokieHead?

LOL!!!

Our economy is a house of cards built on fiat currency and debt. It used to be built on production and exports. The rest of the world puts 25%, 100%, 250% and 1000% tariffs on our exported goods and calls it "free trade." Canada puts a 1000% tariff on milk and chesse products to protect their farmers. They outright ban our maple syrup in thier country. When I was stationed over seas ONLY wealthy people had American cars because Europe and Asia put massive tariffs on our cars to protect their manufacturers. Trump is only HIGHLIGHTING how we are and have been screwed by past presidents who've given "developing nation" staus to countries who get FREE MONEY from the US AND HOLD HUGE AMOUNTS OF OUR DEBT! These developing countries like China have built 5th generation stealth fighters with technology they ripped off of THE US! The free ride is OVER! The ANNUAL INTEREST on our debt IS LARGER THAN OUR TOTAL MILITARY BUDGET!!! We are house with a HUGE credit card bill. Trump is trying to stop this house from buying McDonald's and Amazon on the credit card and canceling Netflix and Hulu as well as the annual family vacation to Disney world and Hawaii so we can start snowball paying down our debt. If we don't America will find itself in bankruptcy. A person, family, company or country can only carry debt for so much for so long before someone has to be the adult and say "No! If you can't pay cash for it then you can't have it." The people saying Trump is "crashing the economy" are the same people who were making millions and billions riding the free cash surf safari and don't want it to end. I run my house ZERO DEBT including my home. I saved. I didn't go on vacations. I bought used cars and we didn't go out to eat except on special occasions. I paid CASH for my 5 acres and an off grid home. I paid cash for each of my vehicles and I pay cash when I take my wife someplace nice. I live on my military retirement and investments with no debt. THAT is financial freedom and to live otherwise is financial slavery. America is NOT free. We owe money to some very nasty countries. Best to pay them off and get our independence BACK!

For 11 seconds, the price was above $0.02 per share. 😊
Date - Timestamp - Price - $ Change - Volume
04/04/2025 09:31:09 0.0008 -0.02 9,900
04/04/2025 09:30:58 0.02115 0.02 100

CRTG Trade data today on the expert market:

Trade Data
Date Timestamp Price $ Change Volume
04/04/2025 09:31:09
0.0008
-0.02 9,900
04/04/2025 09:30:58
0.02115
0.02 100

"...94% of all stocks are owned by only 8% of Americans." The point he's making is about the concentration of wealth currently, and how he's theorizing this is all some wild gambit to redistribute that wealth indirectly. I am not going to pretend to understand exactly why our administration is currently doing what it is doing, but what I do know is that we are forcing the rest of the world to make future plans for trade and economic development that will exclude American interests. If that trend continues, it is not a positive for America in the long term.

Kevin Breuninger thiught on the tariffs and Presidents Trumps intentions in the article here . Scroll down a bit to read it . I didnt know only 8% of stocks are owned by USA citizens at least thats what he says in the article . He says Trump is crashing the market on purpose
https://www.cnbc.com/2025/04/04/trump-tariff-live-updates-retaliation-trade-war.html

Here's my hopefully optimistic two cents if there were something really bad or they were just on a sinking ship and S.O.L., I'm not sure they'd have anything to gain by hiding or not releasing any information. If the damage was done it's done and there's probably no coming back from it so probably nothing they could do at this point to repair. That makes me believe whatever is going on and causing radio silence, as frustrating as it is, is more strategic and targeted to make a huge splash when the time is right. I suppose they could be withholding some information to keep it artificially low to benefit themselves and others around them within the limits of not pushing it to insider trading and hopefully just getting every single I's dotted and T's crossed. If they're truly is not something malicious or ominous going on, my believe is that they plan to unpack everything boom, boom boom instead of addressing one company waiting 6-8 months, addressing the next company another 6 months then another company, Etc and finally NASDAQ. I think everyone within cortec has waited long enough that they may see the benefit in holding back a few months and doing this big versus another couple years of baby steps.

Exactly! 

I have observed so many different opinions on why they are delinquent in filing their financial statement. They are going private, hiding something, waiting until the acquisition of KIB Plug Energy, when the Series D preferred shares offering ends, and preparing and consolidating Core Optics Co., Ltd. with Coretec Group Financials.

This is the reason why we need an official statement from the company.

Agreed. Still no excuse for the opacity.

I don't think Coretec is against providing an update - the last one back in early December was a fairly detailed map of their plan and they were fairly upbeat about it. Seems the most likely reason for silence is that things have not gone according to plan.

If they do have an excuse, at the very least, provide an update on the progress.

Me!  There's no excuse at this point to not have it done!  

Who would have thought that Coretec's status as a delinquent non-filer would be used against them?

Interesting perspective from regular/minority KIB Plug Energy shareholders.
Kim Hyun-tae filed this proxy solicitation of voting rights reference documents on March 18, 2025.
Here are a couple of quotes.
“Coretec, the majority shareholder, is trying to remove two directors who have represented minority shareholders from this shareholders' meeting under the pretext of resuming trading at this regular shareholders' meeting, and is trying to pass amendments to the articles of incorporation such as deleting the audit clause and increasing the number of directors.”

“In order for the minority shareholders' meeting to continue to act as a watchdog and protect the rights and interests of shareholders, I would like to ask you to delegate your voting rights against the proposal to remove certain directors and amend the articles of incorporation.”

II. Purpose of Solicitation of Proxy for Voting Rights
1. Purpose of soliciting proxy voting rights
https://investorshub.advfn.com/uimage/uploads/2025/4/2/tydicPurpose-of-soliciting-proxy-voting-rights-Screenshot_2-4-2025_8434_dart.fss.or.kr.jpeg
https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250318000874

For KIB Plug Energy's minority shareholders to determine if they can trust their management, they need only look to Coretec. Coretec is delinquent in its financial filings, has halted public trading, and has not issued any press releases explaining its filing delays or providing updates on its progress toward becoming current.
Are they transparent and trustworthy?

Application for filing of lawsuits, etc. (management control dispute litigation).
Application for appointment of a prosecutor.

https://investorshub.advfn.com/uimage/uploads/2025/4/2/hvyfbApplication-for-filing-of-lawsuits-etc-management-control-dispute-litigation-Screenshot_2-4-2025_74716_dart.fss.or.kr.jpeg

https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250402800608

Volatility test is the only rational thing I can think of.

According to CNBC 4000 shares traded today, up $.0001, that's a $2.80 trade. Who would be doing such a trade?

If I were authorized to trade at these prices, the least I'd trade would be in 100K quantities, any ideas on what's going on?

Gary

I think there is some confusion about all those lawsuits: who is getting sued and who is suing.

For instance, the filing on 3/26/2025 (Decision on Judgment of Litigation, etc.) didn't involve Coretec people; this litigation started sometime in August 2024.

To follow the cases, click the link in Related Disclosure.
https://investorshub.advfn.com/uimage/uploads/2025/3/26/crvbzScreenshot-Decision-on-Judgment-of-Litigation_26-3-2025_82313_dart.fss.or.kr.jpeg
https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20250326801955

Filing 8/6/2024 Application for filing of lawsuits, etc. (management control dispute litigation)
https://investorshub.advfn.com/uimage/uploads/2025/4/1/ycrop8-2024-Application-for-filing-of-lawsuits-etc-Screenshot_1-4-2025_91844_dart.fss.or.kr.jpeg
https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20240806800003

The lawsuit was filed on 3/25/2025 and dismissed on 3/27/2025.

Application for filing of lawsuits, etc. (management control dispute litigation)
Images 1: https://investorshub.advfn.com/uimage/uploads/2025/4/1/wwqqhApplication-for-filing-of-lawsuits-etc-Screenshot_1-4-2025_75953_dart.fss.or.kr.jpeg

Decision on Judgment of Litigation, etc.
Images 2: https://investorshub.advfn.com/uimage/uploads/2025/4/1/kklomDecision-on-Judgment-of-Litigation-etc-Screenshot_1-4-2025_81255_dart.fss.or.kr.jpeg

I was stationed in Korea in 1996. They are battling a culture of corruption and a class system. They've come a long way but still have far to go. The people desperately want to leave that negative side of their culture in the dustbin of history. I don't know how it applies to lawsuits but the outgoing KIB board may be "honor bound" to fight the changes a certain number of times (three?), even if they are dead wrong, to save face. Again this also may just be an attempt to delay justice for their alleged misconduct. I pray they stop and/or CRTG can move forward without these frivolous lawsuits getting in the way. I wish we had a native speaking investor to talk to or better yet someone in country to lay this out in layman's terms.

New corporate control lawsuit filed by the same people again, against Kib Plug Energy today ( yesterday in Korea ). The court ruled the same day on this new matter concerning Kib Plug upcoming shareholder meeting April 7 . The court once again dismissed this newest case . This group of shareholders that keeps filing these cases has lost every case so maybe they will get it and stop filing lawsuits as they have all been dismissed.

Filing or Application of Lawsuit, etc. (Corporate Control Contest)
1. Case name Application for Appointment of Inspector Docket number 2025??107
2. Plaintiff (claimant) Kim ? Tae and 1 other person
3. Details of claims Applicant: Kim ? Tae and 1 other person
Applicants' attorney: Taecheong Law Firm
Case party: KIB Plug Energy Co., Ltd.

[Purpose of application]

1. In order to investigate the legal progress of the items listed in the attached list at the regular shareholders' meeting (including postponed and special meetings) of the company, the subject of the case, on March 28, 2025, attorney Kim ? Bin is appointed as an inspector.
4. Competent court Ulsan District Court
5. Actions to be taken We will respond in accordance with legal procedures. 6. Date of filing or application 2025-03-25
7. Confirmation date 2025-04-01
8. Other matters to be factored into investment decisions - The above '7. Confirmation date' is the date on which we confirmed the receipt of the decision on the appointment of the inspector by registered mail.


Case Dismissed once again

Court Ruling or Decision on Lawsuit, etc.
1. Case name: Appointment of an examiner Docket number 2025??107
2. Plaintiff (claimant) Kim ? Tae and 1 other person
3. Details of court ruling or decision Applicant: Kim ? Tae and 1 other person
Applicants' litigation representative: Taecheong Law Firm
Case principal: KIB Plug Energy Co., Ltd.

The materials submitted by the applicants alone are insufficient to demonstrate the necessity of appointing an examiner under Article 367, Paragraph 2 of the Commercial Act to investigate the legality of the convening procedure and resolution method of the shareholders' meeting in this case.
4. Rationale for court ruling or decision This case application is without merit and is therefore dismissed.
5. Competent court Ulsan District Court
6. Date of court ruling or decision 2025-03-27
7. Confirmation date 2025-04-01
8. Other matters to be factored into investment decisions - Above '7. The 'confirmation date' is the date on which we received and confirmed the judgment. ? Related disclosure 2025-04-01 Filing/application for lawsuit, etc. (Management rights dispute lawsuit)

So the outcome was moving it to April 7th 2025 from what can see here , Coretec did win the lawsuit concerning voting rights which was announced the day before this decision to move it to April 7th . That makes since and since they won the lawsuit as it was dismissed Coretec will have all their voting rights

" Since it was determined that legal review was necessary for the exercise of some voting rights, it was decided to hold a postponed meeting of the regular shareholders' meeting to deliberate on the reporting matters [Audit Report], [Business Report], [Internal Accounting Management System Operation Status Report] and the resolution matters [Agenda No. 1 to 8]."

Next shareholder meeting : 2) Date and location of the 44th regular shareholders' meeting postponed
- Date: April 7, 2025 [Monday], 9:00 AM

Outcome of Annual Shareholders' Meeting

1. Financial statements -
The 44th
(in Mil. KRW)
A. Consolidated financial statements - Total assets - - Sales -
- Total liabilities - - Operating income -
- Capital stock - - Net income -
- Total shareholders' equity - *Earnings per share (KRW) -
B. Non-consolidated financial statements - Total assets - - Sales -
- Total liabilities - - Operating income -
- Capital stock - - Net income -
- Total shareholders' equity - *Earnings per share (KRW) -
*Auditor's opinion Consolidated financial statements Unqualified opinion
Non-consolidated financial statements Unqualified opinion
2. Dividend -
A. Cash dividend and dividend in kind Class of dividend -
- Details of assets -
Dividend per share (KRW) Common stock Year-end dividend -
Interim & quarterly dividend -
Different Classes of stocks Year-end dividend -
Interim & quarterly dividend -
Total dividends (KRW) -
Market price-dividend ratio (%) (including interim dividend) Common stock -
Different classes of stocks -
B. Stock dividend Stock dividend rate (%) Common stock -
Different classes of stocks -
Total stock dividends Common stock -
Different classes of stocks -
3. Appointment of directors, etc. (as of appointment date)
A. Details of appointment 4 inside directors, 2 outside directors, 1 other non-executive director,
B. Number of outside directors after appointment Total number of directors -
Total number of outside directors -
Outside director appointment ratio (%) -
C. Number of auditors after Appointment Standing auditor -
Non-standing auditor -
D. Members of Audit Committee after appointment Members of Audit Committee who are outside directors -
Members of Audit Committee who are not outside directors -
4. Details of other resolutions Purpose of the 44th regular shareholders' meeting

<Reporting Matters>

1. Audit Report
2. Business Report
3. Internal Accounting Management System Operation Status Report
? Postponed Meeting Decision

<Agenda Items>
Agenda Item 1: Approval of the 44th Financial Statements
? Postponed Meeting Decision

Agenda Item 2: Amendment of Articles of Incorporation

? Postponed Meeting Decision

Agenda Item 3: Dismissal of Directors (Total of 2 Directors)

- Item 3-1 Dismissal of Other Non-Executive Director Choi Soo-hyun
? Postponed Meeting Decision

- Item 3-2 Dismissal of Outside Director Son Kyo-deok

? Postponed Meeting Decision

Agenda Item 4: Appointment of Directors

- Item 4-1 Outside Director Candidate Im Tae-sang

? Postponed Meeting Decision

- Item 4-2 Other Non-Executive Director Candidate Kim Hyeong-gi

? Postponed Meeting Decision

Agenda Item 5: Appointment of Audit Committee Members

- Item 5-1 Outside Director Candidate for Audit Committee Members Lim Tae-sang
? Postponed meeting decision

- No. 5-2 Outside Director Candidate for Audit Committee Yoo Young-sun
? Postponed meeting decision

Agenda No. 6: Appointment of Outside Director to Become Audit Committee Member

- No. 6-1 Outside Director Candidate to Become Audit Committee Member Kwon Oh-sun
? Postponed meeting decision

Agenda No. 7: Approval of Director Remuneration Limit
? Postponed meeting decision

Agenda No. 8: Granting Stock Purchase Option Rights
? Postponed meeting decision
5. Date of shareholders' meeting 2025-03-28
6. Other matters to be factored into investment decisions
1

2) Date and location of the 44th regular shareholders' meeting postponed
- Date: April 7, 2025 [Monday], 9:00 AM
- Location: 260-37 Cheoyong-ro, Nam-gu, Ulsan (3rd floor conference room, headquarters)
? Related disclosure 2025-03-13 Shareholders' meeting convocation resolution
2025-03-13 Shareholders' meeting convocation notice

https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20250328802855


Purpose of the 44th Regular Shareholders' Meeting



1. Audit Report
2. Business Report
3. Report on the Status of Internal Accounting Management System Operation
    ? Postponement Decision


Agenda Item 1: Approval of the 44th Financial Statements             ? Postponement Decision

Agenda Item 2: Amendment of the Articles of Incorporation

      ? Postponement Decision

Agenda Item 3: Dismissal of Directors (Total of 2)

- Item 3-1 Dismissal of Other Non-Executive Director Choi Soo-hyun
      ? Postponement Decision

- Item 3-2 Dismissal of Outside Director Son Kyo-deok

      ? Postponement Decision

Agenda Item 4: Appointment of Directors

- Item 4-1 Outside Director Candidate Im Tae-sang

      ? Postponement Decision

- Item 4-2 Other Non-Executive Director Candidate Kim Hyeong-gi

? Postponed meeting decision

Agenda No. 5: Appointment of Audit Committee Members

- No. 5-1 Candidate for Audit Committee Member Im Tae-sang, Outside Director
    ? Postponed meeting decision

- No. 5-2 Candidate for Audit Committee Member Yoo Young-sun, Outside Director
      ? Postponed meeting decision

Agenda No. 6: Appointment of Outside Directors to Become Audit Committee Members

- No. 6-1 Candidate for Outside Directors to Become Audit Committee Member Kwon Oh-sun
      ? Postponed meeting decision

Agenda No. 7: Approval of Director Remuneration Limit
      ? Postponed meeting decision

Agenda No. 8: Granting of Stock Purchase Option Rights
      ? Postponed meeting decision

) It was determined that legal review was necessary for some voting rights, so it was decided to hold a postponed regular shareholders' meeting to deliberate on the reporting items [Audit Report], [Business Report], [Internal Accounting Management System Operation Status Report] and the resolution items [Proposals No. 1 to No. 8].

2) Date and Location of the 44th Regular Shareholders' Meeting
- Date: April 7, 2025 [Monday], 9:00 AM
- Location: 260-37 Cheoyong-ro, Nam-gu, Ulsan Metropolitan City (Conference Room on the 3rd floor of the headquarters)

Did anyone get to sit in on this meeting?

I had hoped missing the date on the 10K was not going to be an option, but at this point I doubt they file to receive any extension. This means the company knows it has no intention of becoming current by the middle of April which the extension would give them till.