TOKYO, Apr 30 (Pulse News Wire) – Astmax CO.,LTD. (7162.T) announced today that it has withdrawn a request for an extraordinary shareholders meeting submitted by its shareholder, effective as of April 8, 2026.
In exchange, the shareholder agreed to propose changes at the regular annual general meeting scheduled for June 26, 2026. The initial request was for an additional meeting due to similar agenda items being considered at the upcoming regular meeting. However, holding both meetings would have incurred unnecessary costs detrimental to overall shareholder interests. Therefore, ASTMAX requested the shareholder to reconsider proposing their items during the regular meeting instead.
Following negotiations, the shareholder agreed to withdraw the extraordinary meeting request and proposed the following two points for discussion at the regular meeting: 1. Removal of Director Yuu Akaishi. 2. Reasons for the proposal detailed in attached documentation.
This decision was formalized during the board meeting held.
🟢 Confidence: High AI-translated content.