1. The Defendant’s issuance of new shares at a par value of KRW 5,000 per share on May 25, 2019 ought to be invalidated by issuing new shares at a par value of KRW 90,00.

2...

1. Basic facts

A. The Defendant (former Co., Ltd.) issued 10,00 common shares with a face value of 5,000 at the time of establishment, and issued 10,000 common shares with a face value of 5,000 shares. The Defendant held D with a full representative director. 2) around July 2017, the Defendant purchased from E Co., Ltd. the project site of this case from Seongbuk-gu Seoul F, G, H, etc. to KRW 28 billion (the balance of 1.5 billion and KRW 26.5 billion) (hereinafter “instant sales contract”), and paid KRW 500,000 out of the down payment.

3) On November 28, 2018, the Defendant entered into a contract with the Committee for Promotion of the Establishment of the I Rearrangement Project with the Committee for Promotion of the Project, and the I Rearrangement Project (hereinafter “instant project”).

B) B. B. On February 14, 2018, D entered into a share acquisition agreement with the Defendant’s representative director, and J and K on February 14, 2018 (hereinafter “JJ”) to transfer the Defendant’s share of 100% and the business rights of the instant case to KRW 2 billion ( KRW 500,000,000,000,000,000,000,000,000) and the J entered into a share acquisition agreement with the Defendant on behalf of the Defendant to pay the remainder of the remainder of the down payment and the remainder of the sales contract under the instant sales contract that the Defendant assumed to E.

2) On February 14, 2018, J failed to procure the acquisition price of shares and the balance of down payment to be paid to D under the said agreement for acquisition of shares as of February 14, 2018. Of that, the Defendant and the J did not enter into a contract with K as of April 17, 2018 under the following terms and conditions (hereinafter referred to as “investment contract”) with K to receive funds necessary for the implementation of the instant project from K:

B) The J representative director L, the contractor of the Defendant representative director D, the Defendant representative director D, and one other, and K, the business investor of the instant case, enter into a contract as follows. The amount invested by J and K in Article 3 and the completion of the instant contract (1 J and K in order to implement the instant project, KRW 50 million, and K in order to implement the instant project, and 6.6 billion.