TOKYO, May 26 (Pulse News Wire) – Aqualine Ltd. (6173.T) announced today that its board of directors meeting held on May 26 decided to withdraw two nominees from the upcoming shareholders’ meeting scheduled for May 29.
As a result, the number of candidates for director positions has been reduced from five to three. The decision was made following a thorough review of the company's future management structure and role assignments. Specifically, the board resolved not to nominate Naofumi Tsuchiya and Kenharu Ono as director candidates. Consequently, the revised proposal will only seek approval for the appointment of three remaining candidates. The revised proposal includes: 1.
Shigeru Toshibara, currently serving as President and CEO, who will be reappointed. 2. Takayoshi Kairai, slated for a new position within the company. 3. Yasuo Tamari, also set for a new role.
The company emphasized that votes cast for the original proposal will now apply solely to the selection of the three remaining candidates, without changing their candidate numbers as originally stated in the notice of convening.
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