1. The plaintiff's appeal is dismissed.

2. The costs of appeal shall be borne by the Plaintiff.

The purport of the claim and appeal is the purport of the appeal.

1. The grounds for appeal by the plaintiff citing the judgment of the court of first instance are not significantly different from the allegations in the court of first instance, and evidence submitted in the court of first instance / evidence submitted in the court of first instance / evidence (including paper numbers, hereinafter the same shall apply);

Even if we look at each description], it is judged that the findings and judgments of the first instance court are justifiable.

Therefore, the reasoning for the court’s explanation on the instant case is as follows, except for adding the following judgments to the allegations emphasized by the Plaintiff in this court, and therefore, it is consistent with the reasoning of the judgment of the first instance. Therefore, it is acceptable in accordance with the main sentence of Article 420 of the

2. Additional determination

A. On October 13, 2015, the Plaintiff asserted that the Plaintiff is a legitimate shareholder inasmuch as the Plaintiff entered the Defendant’s shareholder registry as a shareholder in the Defendant’s shareholder registry.

B. Barring special circumstances, barring special circumstances, whether the Plaintiff may assert that he/she is a shareholder against the Defendant, a person legally entered in the register of shareholders may exercise shareholder rights, such as voting rights, in relation to the company, and the company may not deny the exercise of shareholder rights by a shareholder on the register of shareholders, regardless of whether it was known that there was another person who actually acquired or intended to acquire shares, other than a shareholder on the register of shareholders, or whether it was unaware of the existence of another person who actually acquired or intended to acquire shares, and cannot be recognized as exercising shareholder rights by a person who did not complete the registration on the register of shareholders. This is limited to cases where: (a) where the exercise of shareholder rights in relation to the company without completing the registration on the register of shareholders is extremely exceptional circumstances, such as where the entry in the register of shareholders or the request for transfer of rights was unfairly delayed or rejected (see, e.g., Supreme Court en banc Decision 2015Da24832, Mar. 23, 2017; Supreme Court Decision 2015Da2525258).