On March 15, 2023, Flashlight Capital Partners Pte. Ltd urged shareholders to make their voices heard by voting before the upcoming deadlines to cast their ballots for Flashlight Capital?s proposals under consideration at KT&G Corporation?s 2023 annual general meeting of shareholders. Flashlight Capital stated that it has nominated 2 independent director candidates ?

Suk-Yong Cha and Ou-Jin Hwang ? for election to the Company?s Board of Directors at the general meeting.