Solum and Align Partners Asset Management said on Sunday they reached a broad agreement to overhaul the board structure and raise shareholder value. They plan to seek bylaw changes at the 2026 shareholders meeting to make a majority of the board independent and staff key committees entirely with independent directors. The deal also addresses a dispute over redeemable convertible preferred shares and includes measures on audit expansion, incentives and management succession.

Solum, an electronic components and power solutions company, said on Tuesday it signed a memorandum of understanding with Pumpkin, a South Korean commercial EV charging company, to cooperate on EV charging infrastructure. Pumpkin said it aims to apply 100 percent domestic technology across chargers and evaluated Solum’s proprietary power module technology highly. The two companies plan wider cooperation spanning module deployment, overseas business, renewable-based charging stations and next-generation charger development.