On September 25, ADOR released an official statement announcing that they have resolved to convene an extraordinary general meeting of shareholders to reappoint former CEO Min Hee Jin as an internal director. Read the full statement below:
ADOR resolved to convene an extraordinary general meeting of shareholders to reappoint Min Hee Jin as an internal director at today’s board meeting.
Previously on the morning of September 11, ADOR had already proposed to Director Min Hee Jin to take charge of production for NewJeans for the next five years. This period covers the entire remaining duration of NewJeans’ contract.
However, the ADOR board of directors discussed and decided that the request for her to return as CEO is currently not acceptable.
Given that the basic guarantees regarding her position, duration, and authority as the producer in charge of NewJeans have been established, we expect further negotiations on specific conditions to take place in the future.
The details discussed at today’s board meeting and various inquiries were provided in detail via email to the members of NewJeans.
Previously on August 27, ADOR announced that Min Hee Jin would no longer be serving as CEO of the company but that she would continue to produce NewJeans’ content as an internal director at ADOR. Following the incident, all five members of NewJeans held a live broadcast on YouTube on September 11, issuing an ultimatum to HYBE to reinstate Min Hee Jin as CEO by September 25. On September 13, Min Hee Jin filed an injunction to seek reappointment as both inside director and CEO of ADOR.
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