Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
1. Details of Issuing Company Name of Company LOTTE Battery Materials USA Corporation
Nationality United States Representative -
Capital Stock (KRW) 1,283,000,000 Relationship to Company Affiliated Company
Total Number of Shares Issued 100 Main Business Investment battery business
2. Details of Acquisition Number of Shares to Be Acquired -
Acquisition Amount (KRW) 1,283,000,000
Equity Capital (KRW) 15,451,196,495,425
Ratio to Equity Capital(%) 0.01
If Classified as a Large-scale Corporation Yes
3. Number of Shares Held and Shareholding Ratio after Acquisition Number of Shares Held 100
Shareholding Ratio(%) 100
4. Acquisition Method Cash
5. Purpose of Acquisition Establishment of a new corporation for the drving and management of the battery materials business in the United States.
6. Scheduled Acquisition Date -
7. Date of Board Resolution (Decision Date) 2022-06-28
- Attendance of Outside Directors Present(No.) 6
Absent(No.) 0
- Attendance of Auditors(members of Audit Committee) -
8. If entered into an agreement for Put Option, Call Option, Put Back Option, etc. No
- Details of agreements -
9. Other references useful for making investment decisions 1. This is LOTTE Chemical's decision to invest in LOTTE Battery Materials USA Corporation, a new corporation for the driving and management of the battery materials business in the United States.

2. Above figure 1.Issuing company is USA Corporation, when establishing a corporation, 100 shares were issued with a capital of $1. Also, company don't issue shares more at this time.

3. Above figure 2. Details of Acquisition is $1,000,000 USD, applied trading standard ($1 = 1,283) on 27th june, 2022

4. Below [Condensed Financial Statement of Issuing Company] is omitted because it's newly corporation.

5. Above Representative, Scheduled Acquisition Date will be re-announced when the specific information is generated.

6. Above Information may change depending on the progress and business environment.
※Title and date of other disclosure related to this one -
[Condensed Financial Statement of Issuing Company](Mil. KRW)
Type Total Assets Total Liabilities Total Shareholders' Equity Capital Stock Sales Amount Net Income
Current Year - - - - - -
Last Year - - - - - -
The year before last - - - - - -

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Lotte Chemical Corporation published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 03:06:05 UTC.