On May 31st, ADOR’s CEO Min Hee-jin addressed the press at the Seoul Press Center to share her stance on the upcoming shareholders’ meeting.
At the press conference, Min Hee-jin appeared in a tidy yellow outfit, astonishing everyone with her complete transformation from her previous appearance at the April press conference.
CEO Min took the mic and stated, “I have chosen to hold this press conference in order to explain the situation and share my thoughts with you, as I believe it would be beneficial.”
She expressed, “My first priority is to greet everyone. Although it has been more than a month since my initial press conference, it was also a challenging time for me personally. I am extremely thankful to have had the support of so many people during this period. Therefore, I would like to extend my gratitude to them first.”Additionally, she added, “I am truly grateful for those who stood by me. It means a lot to me that even people whom I have never met have shown their support. I received countless messages of encouragement from friends and strangers alike through DMs and online communities.”
Min Hee-jin’s eyes welled up with tears as she expressed, “I am grateful that you have been able to see things from a rational standpoint despite the complexity of the situation. Your support has been immensely valuable to me and I believe it has played a role in preventing any impulsive decisions on my part.”
After wiping away her tears, she expressed, “Bunnies (NewJeans’s fandom) have been constantly messaging me and I wanted to let you know that I was able to get through this difficult time because of all of you. When things improve, I promise to find a way to repay your kindness.”
In the midst of a disagreement with parent company HYBE, ADOR’s CEO Min Hee-jin has been granted an injunction on May 30th that restricts HYBE’s ability to exercise voting rights. As a result, Min Hee-jin will continue to hold her CEO position for the time being.
On the 31st, at the shareholders’ meetings, HYBE removed ADOR’s in-house directors Shin and Kim, who were considered close aides to Min Hee-jin, and appointed three new directors, namely CSO Lee Jae-sang, CHRO Kim Joo-young, and CFO Lee Kyung-joon.
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