TS Trillion Declares End of Management Dispute: "We Will Enhance Company Value Through Global Market Expansion"

On August 19, TS Trillion announced that it has concluded its prolonged management rights dispute and entered a period of management stability.

In particular, the company has successfully secured an investment of 6 billion KRW, and plans to accelerate the expansion of new business ventures and strengthen its marketing efforts.

TS Trillion disclosed that all lawsuits filed by the former CEO Jang Ki-young's side-including the request for inspection and copying of accounting books, the lawsuit to nullify the issuance of new shares, and the injunction to prohibit the effect of new share issuance-have been withdrawn. As a result, all management uncertainties caused by legal disputes have been resolved for TS Trillion.

TS Trillion also announced that it has successfully raised a total of 6 billion KRW through a third-party allocation capital increase, with 5 billion KRW from DBio and 1 billion KRW from Wooshin. The funds raised will be used to secure future growth engines, such as pursuing new businesses and strengthening marketing activities.

Additionally, TS Trillion is accelerating its entry into the global market as part of its growth strategy. This year, the company achieved approximately 500% year-on-year growth during Amazon Prime Day in the United States, and has selected a new global agency to boost distribution within China.

The company has also established a foundation for expanding overseas sales by entering multiple major overseas distribution platforms.

Kim Yongchae, CEO of TS Trillion, stated, "We sincerely apologize to our shareholders for the concerns caused by the management rights dispute. We will restore management trust, secure new growth engines, and further enhance the company's value by innovating our products and expanding into new business areas as Korea's leading shampoo brand."

This content was produced with the assistance of AI translation services.