█ All 6 agenda items, such as the approval of the 37th financial statements, including cash dividends, amendment of articles of association, appointment of outside directors, passed as originally proposed.

█ CEO Kim Yeon-seop stated, 'Despite challenging conditions last year, we were the only domestic Elecfoil company to achieve an increase in sales and attain operating profit.' He continued, 'This year, we will focus on strengthening investments in global local hubs and enhancing the development of next-generation battery materials.'

LOTTE ENERGY MATERIALS(CEO Kim Yeon-seop) held its 37th regular general meeting of shareholders on the 25th at the 2nd-floor conference room of the Iksan Plant 1 in Jeonbuk.

At the shareholders' meeting, 6 agenda items were presented, including ▲approval of the 37th financial statements, ▲amendment of articles of association, ▲appointment of directors, ▲revision of regulations for executive retirement benefits, and ▲approval of director and auditor remuneration limits. All items were passed as originally proposed. According to the profit appropriation statement included in the approval of the financial statements, a cash dividend of 200 won per share will be distributed.

Lee Pil-jae, former chairman of the Korea LPG Association, was appointed as a new outside director. He is an expert in the environmental field, having served as an environmental health policy officer at the Ministry of Environment, director of the Han River Basin Environmental Office, and chairman of the Central Environmental Dispute Resolution Commission. LOTTE ENERGY MATERIALS plans to enhance its ESG capabilities this year by receiving various environmental advice and recommendations from the new outside director to enhance corporate value.

In his address at the shareholders' meeting, CEO Kim Yeon-seop stated, “Despite challenging business environments amid the worsening economic conditions both domestically and internationally last year, we were the only domestic elecfoil company to achieve an increase in sales and operating profit.” He further added, “Although operating performance declined significantly compared to the previous year, we implemented cash dividends to realize continuous enhancement of shareholder value and shareholder return policies.'

CEO Kim remarked, 'We anticipate another challenging year due to downward pressure on the global economy and a slowdown in demand growth in the electric vehicle market.' He emphasized, 'To strengthen the global supply chain, we will focus on expanding overseas facilities and research and development of new materials such as solid electrolytes to lay the foundation for sustainable corporate growth.'

Meanwhile, LOTTE ENERGY MATERIALS recorded sales of 809 billion won and operating profit of 11.8 billion won on a consolidated basis last year.

▲ On March 25, CEO Kim Yeon-seop is Answering Shareholder Questions at the 37th Regular Shareholders' Meeting Held at LOTTE ENERGY MATERIALS' Iksan Plant 1 in Jeollabuk-do.