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Notice under Section 159(4) of Companies Act, 2017

Pursuant to Section 159(4) of the Companies Act, 2017, Notice is hereby given that the following persons have filed notices of their intention to offer themselves for election to the Board of Directors of Lotte Chemical Pakistan Limited at the Extraordinary General Meeting of the Company scheduled to be held at 10:00 am on 22 June 2023 at the Institute of Chartered Accountants of Pakistan (ICAP) Auditorium, Chartered Accountants Avenue, Clifton, Karachi and through video link:

1)

Mr. Sang Hyeon Lee

2)

Mr. Young Dae Kim

3)

Mr. IL Kyu Kim

4)

Mr. Tariq Nazir Virk

5)

Ms. Jae Sun Park

6)

Mr. Mohammad Zubair

7)

Mr. Rashid Ibrahim

8)

Mr. Khurram Rashid

9)

Mr. Rizwan Diwan

10)

Mr. Nader Cowasjee

11)

Mr. Shabbir Diwan

The Board of Directors have fixed the number of directors to be elected at eight (08) as required under Section 159(1) of the Companies Act, 2017. Since the number of persons who have conveyed their intention to offer themselves for election exceeds the number of directors fixed by the Board, elections shall be held at the forthcoming EOGM.

The profiles of above-named candidates have been placed on the website of the Company: https://www.lottechem.pk/election-of-directors/

By Order of the Board

Karachi

Faisal Abid

15 June 2023

Company Secretary

Ballot Paper for Voting through Post

UAN: +92(0)21 111 568 782 Website: www.lottechem.pk

For poll to be held at the Extraordinary General Meeting on Thursday, 22 June 2023, at 10:00 a.m. at the Institute of Chartered Accountants of Pakistan (ICAP) Auditorium, Chartered Accountants Avenue, Clifton, Karachi and also through video link facility

Contact details of the Chairman, where ballot paper may be sent:

Business Address: The Chairman, Lotte Chemical Pakistan Limited, Al-Tijarah Centre, 14th Floor,

32/1-A, Main Shahrah-e-Faisal, Block 6, PECHS, Karachi. Attention: Company Secretary.

Designated email address: chairman.eogm@lottechem.pk

Name of shareholder / joint shareholder(s)

Registered address of shareholder(s)

Number of shares held

Folio number / CDC Account

CNIC / Passport number (in case of foreigner) - copy to be attached

Additional Information and enclosures (In case of representative of body corporate, corporation and Federal Government)

I/we hereby exercise my/our vote in respect of Election of Directors through postal ballot as follows:

Agenda No. 1: To elect eight (8) Directors as fixed by the Board of Directors in accordance with Section 159(1) of the Companies Act, 2017, for a period of three years commencing from 23 June 2023.

S. No.

Name of Directors

No. of ordinary shares,

Number of votes (number of voting shares x

used for voting in favor

number of directors to be elected i.e. 8)

of the director

1.

Mr. Sang Hyeon Lee

D1

2.

Mr. Young Dae Kim

D2

3.

Mr. IL Kyu Kim

D3

4.

Mr. Tariq Nazir Virk

D4

5.

Ms. Jae Sun Park

D5

6.

Mr. Mohammad Zubair

D6

7.

Mr. Rashid Ibrahim

D7

8.

Mr. Khurram Rashid

D8

9.

Mr. Rizwan Diwan

D9

10.

Mr. Nader Cowasjee

D10

11.

Mr. Shabbir Diwan

D11

Total

I/we hereby exercise my/our vote in respect of the following resolution(s) through postal ballot by conveying my/our assent or dissent to the following resolutions by placing tick () mark in the appropriate box below (delete as appropriate):

Agenda No. 2: To consider and approve holding of office of profit as Executives, in the event that any executive of the Company contests and is elected / subsequently appointed as a Director of the Company, in accordance with Section 171(1)(c)(i) of the Company Act, 2017.

I/We assent to

I/We dissent to

Nature and description of Resolutions

the Resolution

the Resolution

(FOR)

(AGAINST)

RESOLVED THAT the Executive Director(s) of Lotte Chemical

Pakistan Limited (the "Company"), be and are hereby

authorized to hold the office of profit as executives of the

Company, in addition to holding the office of Director of the

Company, as per their employment contract and policies of

the Company.

Agenda No. 3: To consider and approve the circulation of the Annual Audited Financial Statements (including balance sheet, profit and loss account, Auditor's report and Directors' report and other reports contained therein) to the Members of the Company through QR enabled code and weblink, as allowed by SECP under

S.R.O. 389(I)/2023 dated 21 March 2023.

I/We assent to

I/We dissent to

Nature and description of Resolutions

the Resolution

the Resolution

(FOR)

(AGAINST)

RESOLVED THAT under and pursuant to S.R.O 389(I)/2023

dated 21 March 2023 issued by the Securities and Exchange

Commission of Pakistan, the circulation of annual audited

financial statements (including annual balance sheet and profit

and loss account, auditor's report and directors' report, and

other reports contained therein) to members through QR

enabled code and weblink, be and is hereby approved.

Signature of shareholder(s)

Place

Date

Notes:

  1. Duly filled postal ballot should be sent to the Chairman at above-mentioned postal or email address.
  2. Copy of CNIC/Passport (in case of foreigner) should be enclosed with the postal ballot form.
  3. Postal ballot forms should reach Chairman of the meeting on or before Wednesday, 21 June 2023 up till 5:30 pm. Any postal ballot received after this date and time, will not be considered for voting.
  4. Signature on postal ballot should match with signature on CNIC/Passport (in case of foreigner).
  5. Incomplete, unsigned, incorrect, defaced, torn, mutilated, overwritten ballot paper will be rejected.
  6. In case of representative of body corporate and corporation, postal ballot must be accompanied with copy of CNIC of authorized person, along with a duly attested copy of Board Resolution, Power of Attorney, or Authorization Letter in accordance with Section(s) 138 or 139 of the Companies Act, 2017, as applicable, unless these have already been submitted along with the Proxy Form. In case of foreign body corporate etc. all documents must be attested from the Counsel General of Pakistan having jurisdiction over the member.
  7. Ballot paper is available at Company website. Members may download the ballot paper from the website or use original/photocopy published in newspaper.
  8. M/s. A.F. Ferguson & Co., Chartered Accountants, the statutory auditor of the Company, is appointed as Scrutinizer for Agenda item #1, who have the necessary knowledge and experience to independently scrutinize the voting process for election of directors.
  9. A member shall have such number of votes as is equal to the product of the number of voting shares held by it and the number of directors to be elected (i.e. No. of Shares held multiplied by 8).
  10. A member may give all his votes to a single candidate or divide them between more candidates in such manner as it may choose. However, the number of votes cast must not exceed the number of votes available to the member.

BOND

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Lotte Chemical Pakistan Ltd. published this content on 14 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2023 10:10:24 UTC.