Lotte Chemical Holds the 49th Annual Shareholders' Meeting

[Caption: The 49^th Annual Shareholders' Meeting held on March 25 on the 31^st floor of 범퍼카 토토 World Tower, Jamsil, Seoul]

■ Lotte Chemical holds the 49th Annual Shareholders' Meeting… Four agenda approved as proposed, including financial statements, director appointments, and audit committee member appointments.
■ Shin Dong-bin reappointed as chairman/inside director of Lotte; Hwang Min-jae, Head of Lotte Chemical's Advanced Materials Business, appointed as a new inside director. Cho Hye-sung, Senior Advisor at Daesang Corporation, appointed as a new outside director, and Seo Hwi-won, former Head of AM BU at Samyang Corporation, appointed as an outside director and audit committee member. Kim Jong-geun, Head of Management Innovation Team 1 at Lotte Holdings, appointed as a non-executive director.
■ Dividend of KRW 1,000 per share approved as part of shareholder value enhancement policy.
■ Lee Young-jun, CEO of Lotte Chemical, stated, "We will accelerate our transition to a high-value business structure, maintain a cash flow-focused management approach, and continue company-wide innovation efforts to strengthen our core operational competitiveness."

Lotte Chemical has announced the conclusion of its 49th Annual Shareholders' Meeting on the 25th at the Auditorium on the 31st floor of Lotte World Tower, Jamsil, Seoul.

The meeting presented and approved four agenda as proposed and they were: ▲ Approval of the 49th financial statements; ▲ Appointment of directors; ▲ Appointment of audit committee members. As part of the financial statements approval, a cash dividend of KRW 1,000 per common share was also approved.

In terms of inside director appointments, Shin Dong-bin, Chairman of Lotte Group, was reappointed, and Hwang Min-jae, CEO of Lotte Chemical’s Advanced Materials Business, was newly appointed. Kim Jong-geun, Head of Management Innovation Team 1 at Lotte Holdings, was appointed as a non-executive director.

For outside directors, Cho Hye-sung, Senior Advisor at Daesang Corporation, and Seo Hwi-won, former Head of AM BU at Samyang Corporation, were newly appointed. Seo will also serve as an audit committee member. Both outside directors bring extensive experience and expertise in the petrochemical industry, which will provide valuable insights into key management decisions.

Lee Young-jun, CEO of Lotte Chemical, stated, “We will accelerate our transition to a high-value business structure and maintain a cash flow-focused management approach.” He added, “At the same time, we will continue company-wide innovation efforts to strengthen our core operational competitiveness."