[Disclosure] Hana Micron (067310) Lawsuit Prolonged as Plaintiffs File Formal Objection to Court’s Reconciliation Order

Source of Facts: Financial Supervisory Service DART / 2026-01-27

Disclosure Type: Judgment/Decision on Lawsuit (Cancellation of Shareholder Meeting Resolution) – Amendment

💡 3-Second Summary

In the lawsuit filed by minority shareholders against Hana Micron seeking the “cancellation of the corporate split resolution,” the plaintiffs have officially rejected the court’s compromise proposal and filed an objection. The legal dispute, which appeared to be heading toward an amicable closing, will now return to court for a final judgment.

📊 1. [Key Disclosure Content & Major Figures Summary]

• Company Name & Ticker: Hana Micron Co., Ltd. (A067310)
• Case Name & Number: Cancellation of General Shareholders’ Meeting Resolution (Daejeon District Court Cheonan Branch, 2025Gahap30457)
• Reason for Amendment: The plaintiffs (Lee○○ and 6 others) filed a formal objection on January 27, 2026, against the court’s “Decision in Lieu of Mediation” issued on January 12. Consequently, the confirmation date and subsequent updates have been amended.
• Terms of the Defunct Court Proposal (Jan 12):
  1. The plaintiffs shall withdraw the lawsuit, and the defendant (Hana Micron) consents to the withdrawal.
  2. The defendant shall not execute the corporate split based on the resolution passed during the Extraordinary General Meeting of Shareholders on July 16, 2025.
  3. Litigation and mediation costs shall be borne respectively by each party.
• Next Steps: Since the plaintiff’s objection was submitted within the statutory two-week window, the court’s mediation proposal becomes null and void. The main lawsuit will resume, and the case will be decided by a final binding judgment.

📈 2. [Expert View: Market & Share Price Impact Analysis]

• Resurgence of Corporate Governance Noise (Neutral to Mild Negative): The amicable settlement predicted under the court’s proposal has been derailed, extending the legal uncertainties surrounding corporate governance. Even though Hana Micron already capitulated by disclosing the ‘Withdrawal of Corporate Split Decision’ back on July 29, 2025—meaning the underlying split risk has dissolved—the prolongation of a visible boardroom battle can trigger sentiment fatigue and act as a psychological ceiling on short-term price performance.
• No Disruption to Real-World Fundamentals: Regardless of the minor shareholders’ specific motivations behind the objection (such as disputes over legal fee allocations or demands for permanent legal bans on future split attempts), the core premise remains unaltered: management cannot legally proceed with the corporate split. Therefore, this development does not disrupt the company’s financial fundamental or its operational semiconductor packaging execution. While the stock may face tedious range-bound trading until a final ruling is delivered, any irrational sell-offs should be viewed as buying opportunities driven by transient sentiment shocks.

📝 Editor’s Comment (by K-STOCK Editor)

The court recommended a sensible exit ramp—telling the company to permanently drop the split and the shareholders to drop the lawsuit—but the minority shareholders have chosen to keep the legal gloves on. The plaintiffs likely want a bulletproof legal precedent or were dissatisfied with terms like bearing their own legal costs. As a result, the pre-packaged settlement is off the table, and the case is heading back for a full courtroom verdict. While investors rarely enjoy seeing governance headlines linger, remember that Hana Micron abandoned its split blueprints a long time ago. The operational impact is zero. Monitor the upcoming trial progress calmly, but keep your main focus anchored on semiconductor cycle indicators rather than boardroom friction.

📢 Disclaimer & Source Information Source: This content has been newly structured and written based on official data submitted to the Financial Supervisory Service’s Electronic Disclosure System (DART).

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