POSCO : Notice of Exclusion of Subsidiary in Holding Company - Form 6-K

Notice of Exclusion of Subsidiary in Holding Company

1. Details of subsidiary		A. Company name		POSCO HY Clean Metal Co., Ltd
	B. Representative		Chi, Woo-Hwang
	C. Main business		Secondary battery recycling
	A. Financial status of latest fiscal year (million KRW)		Total assets		127,892
	Total liabilities		9,967
	Total shareholders' equity		117,925
	Capital stock		120,000
2. Shareholding ratio of subsidiary		Before exclusion		Shares held		15,600,000
	Shareholding ratio (%)		65.0
	After exclusion		Shares held		-
	Shareholding ratio (%)		-
3. Percentage of value of shares held to total assets		Before exclusion		Value of shares held (million KRW)		78,000
	Percentage in total assets (%)		0.1
	After exclusion		Value of shares held (million KRW)		-
	Percentage in total assets (%)		-
4. Total number of subsidiaries		Before exclusion		17
	After exclusion		16
5. Reasons for exclusion		Disposal of equity
6. Date of exclusion		October 31, 2022
7. Date of board resolution (decision date)		August 11, 2022

8. Other matters to be factored into investment decisions		•  HY Clean Metal which is a subsidiary of POSCO HOLDING will change its status to sub-subsidiary as its business will be controlled by POSCO-GS Eco materials which is soon to be incorporated as a subsidiary of POSCO HOLDINGS. However, under the Fair Trade Act, its status as an affiliate of business group and consolidated company will be remained the same. •  'Percentage in total assets' before and after inclusion under 3. 'Percentage of value of shares held to total assets' is the share of the acquisition value to the total assets of the financial statements of POSCO HOLDINGS after the Spin-off (on Quarterly Report of 1st quarter of 2022) •  Above '6. Date of exclusion' is the date when the investment in kind was conducted.. •  Above '7. Date of board resolution (decision date)' is resolution date of investment committee, a corporate's in-house investment decision-making organization.