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 reasoning for this part of the judgment of the court of first instance is as stated in the reasoning of the judgment of the court of first instance, except for the addition of "2. Additional Judgment" as follows. Thus, this part is quoted in accordance with the main sentence of Article 420 of the Civil Procedure Act.

2. The Plaintiff asserts that the Plaintiff was obligated to refund cash equivalent to the amount of shares of the network D, which was transferred from the network D, after the Plaintiff acquired shares of the network D, since the network D died and the network D automatically withdraws from the Defendant.

On the other hand, the defendant's articles of incorporation require a resolution of approval of the general meeting of the defendant with respect to the transfer or acquisition of shares of members, and it is impossible to transfer or acquire shares without such approval resolution. Since the plaintiff did not have a legitimate approval resolution of the general meeting of the defendant with respect to the transfer of shares from the network D, and there is no reason to deem that there was no other need to obtain approval resolution of the general meeting, the transfer of shares between the plaintiff

Therefore, the plaintiff's above assertion that the transfer or acquisition of the network D's investment shares takes effect against the defendant is without merit.

3. In conclusion, the judgment of the court of first instance is just, and the plaintiff's appeal is dismissed as it is without merit. It is so decided as per Disposition.