Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
1. Details of Issuing Company Name of Company Ecovance Co., Ltd. (tentative)
Nationality Republic of
Korea		 Representative Undecided
Capital Stock (KRW) 90,000,000 Relationship to Company -
Total Number of Shares Issued 18,000 Main Business PBAT Production
and Sales
(Polybutylene
Adipate
Terephthalate)
2. Details of Acquisition Number of Shares to Be Acquired 3,600
Acquisition Amount (KRW) 36,000,000,000
Equity Capital (KRW) 1,758,330,997,569
Ratio to Equity Capital(%) 2.05
If Classified as a Large-scale Corporation Yes
3. Number of Shares Held and Shareholding Ratio after Acquisition Number of Shares Held 3,600
Shareholding Ratio(%) 20.00
4. Acquisition Method Cash
5. Purpose of Acquisition To diversify business portfolio via
investment in a new eco-friendly business
6. Scheduled Acquisition Date 2023-10-31
7. Date of Board Resolution (Decision Date) 2021-11-23
- Attendance of Outside Directors Present(No.) -
Absent(No.) -
- Attendance of Auditors(members of Audit Committee) -
8. If entered into an agreement for Put Option, Call Option, Put Back Option, etc. Yes
- Details of agreements - If Certain conditions are satisfied, the
Company can exercise put option for SKC Co., Ltd. regarding the equity interest of
Ecovance Co., Ltd. (tentative) to be
acquired.

- In the event of a contractual breach, etc. of SKC Co., Ltd., SKC Co., Ltd. can
excercise call option for the equity
interest of Ecovance Co., Ltd. (tentative), which the Company will acquire this time.
9. Other references useful for making investment decisions - 'Ecovance Co., Ltd. (tentative)' is a
company which the Company (20%), SKC Co.,
Ltd. (57.8%), and Daesang Corp. (22.2%)
will invest in and incorporate.

- The name of company, representative,
capital, and total number of issued shares of 1.'Details of Issuing Company' may
change during the process.

- 2.'Details of Acquisition' is based on
the consolidated financial statements as of the end of 2020.

- The number of shares to be acquired in
2.'Details of Acquisition', and the number of shares held and shareholding ratio of
3.'Number of Shares Held and Shareholding
Ratio after Acquisition' may change during the process.

- 6.'Scheduled Acquisition Date' may change in the course of the procedure and approval of the relevant institutions, and the cash investment (KRW 36 billion) of the Company is scheduled to be paid in a total of 5
installments; hence, the expected date of
final payment has been entered.

- 7.'Date of Board Resolution (Decision
Date)' above is based on the date of the
internal decision of the Company.

- The 'Condensed Financial Statement of
Issuing Company' below is not applicable as it is an entity planned to be incorporated.
※Title and date of other disclosure related to this one 2021-11-23 Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
[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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LX International Corp. published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 05:29:04 UTC.