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On the 3rd, it was reported that the court decided that Vice Chairman Yoon Sang-hyun of Kolmar Holdings should not dispose of the shares he received as a gift from his father, Chairman Yoon Dong-han.

According to reports from ChosunBiz on that day, the Seoul Central District Court ruled on the 27th of last month in favor of the provisional injunction filed by Chairman Yoon Dong-han to prohibit Vice Chairman Yoon Sang-hyun from disposing of the shares.

Chairman Yoon Dong-han filed a share return lawsuit against Vice Chairman Yoon Sang-hyun on May 30, demanding, 'Return the shares given as a gift in 2019,' alongside this provisional injunction request. The essence of this court decision is that Vice Chairman Yoon Sang-hyun should not dispose of the shares recklessly before the outcome of the share return lawsuit.

Yoon Sang-hyun, the eldest son of the Kolmar Group’s founding family, is currently in a management dispute with his father, Chairman Yoon Dong-han, and his sister, Yoon Yeo-won, the CEO of Kolmar BNH.

In December 2019, Chairman Yoon Dong-han gave 28.18% of the shares of Kolmar Holdings to Vice Chairman Yoon Sang-hyun, CEO Yoon Yeo-won, and others, stepping down from active management. At that time, Vice Chairman Yoon Sang-hyun received 2.3 million shares, and currently, this equity has increased to 4.6 million shares through a stock split. After the share transfer, Vice Chairman Yoon Sang-hyun led the holding company Kolmar Holdings, while CEO Yoon Yeo-won took charge of the subsidiary Kolmar BNH.

However, in April, Vice Chairman Yoon Sang-hyun initiated a management dispute by demanding that he and Lee Seung-hwa, former Vice President of CJ CheilJedang, be appointed as internal directors of Kolmar BNH due to deteriorating performance. When CEO Yoon Yeo-won refused the appointment, Vice Chairman Yoon Sang-hyun alleged that she should allow a temporary shareholders' meeting for a board restructuring and filed a lawsuit against her. In response, CEO Yoon Yeo-won and Chairman Yoon Dong-han filed a provisional injunction request to stop Vice Chairman Yoon Sang-hyun's illegal actions, stating that he violated the management agreement.

On the 2nd, during the provisional injunction trial regarding illegal activity cessation held at the Daejeon District Court, the contents of the management agreement were revealed for the first time. CEO Yoon Yeo-won’s side stated, 'According to the management agreement, Vice Chairman Yoon Sang-hyun, as a shareholder and manager of Kolmar Holdings, should provide adequate assistance to ensure the smooth exercise of management rights by CEO Yoon Yeo-won, which was transferred by Chairman Yoon Dong-han.' Conversely, Vice Chairman Yoon Sang-hyun's side argued, 'The management agreement is a family agreement, and the parties involved are three members of the owner family, not the company Kolmar Holdings,' adding, 'The contents of the agreement do not apply to Kolmar Holdings.'

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