Oasis Urges Shareholders to Vote AGAINST President Takahata and Director Takagi at SMS AGM for Continued Refusal to Accept Accountability
*Oasis launched “A Better SMS” campaign May 28 to drive meaningful change at SMS
*SMS’s “Summary of Our Views on A Better SMS” on June 5 failed to address core concerns raised by Oasis
*SMS's response is selective and disingenuous in portraying Oasis as having later repudiated its agreement to the disclosure of the Roadmap, or as having requested that the Roadmap be announced ahead of schedule. These assertions represent a deliberate distortion of the facts and an attempt to mislead shareholders
*The facts are undeniable: SMS has suffered a significant destruction of corporate value in recent years; President Takahata bears responsibility as the former CEO of MIMS, the business that ultimately led to a JPY22.9 billion impairment loss and has presented an unrealistic growth plan requiring heavy upfront investment; and Director Nobuko Takagi has failed to exercise effective oversight as corporate value deteriorated
