(2) Severance payments for the directors shall be made in accordance with the provisions of the Regulations on Severance Payments for Officers adopted by a resolution of the General Meeting of Shareholders. (8) In issuing new shares pursuant to Paragraph (1), Item 1 above, the Company shall issue to the shareholders the certificate of preemptive right to new shares. KRW 1,107 billion won. (1) The Board of Directors shall consist of directors and make decisions on material matters concerning the Company. 1. In such case, directors participating in the meeting in the aforementioned manner shall be deemed to be present in person at such meeting. FINANCIAL INFORMATION. Lotte Chemical manufactures a variety of petrochemical products from two facilities in South Korea. (1) The class 2 preferred shares to be issued by the Company shall be non-voting shares with preferred dividends (the “Class 2 Preferred Shares”), and the number of the Class 2 Preferred Shares shall not be more than 3,000,000 shares. (2) A shareholder or registered pledgee who resides in a foreign country shall report to the Company the appointed agent to receive notices and the addresses in Korea to which notices are to be sent. (2) The Ordinary General Meeting of Shareholders shall be held within three (3) months after the end of each fiscal year, and the Extraordinary General Meeting of Shareholders may be convened whenever necessary. The term of office of directors shall be determined by the General Meeting of Shareholders up to three (3) years; provided, however, that if such term of office expires prior to the Ordinary General Meeting of Shareholders that is convened in respect of the immediately preceding fiscal year, such term of office shall be extended until the close of such meeting. Shariah Compliant. Total assets. of the Outside Director Candidate Recommendation Committee shall be determined by the Board of Directors. Its primary product is ethylene, and Lotte Chemical ranks among the country's leading producers of polyolefins like high density polyethylene (HDPE) and polypropylene as well as other downstream chemicals like ethylene glycol. (2) In case of allotting new shares by the method set forth in Paragraph (1), Item 3 above, new shares shall be allotted by one of the following methods by a resolution of the Board of Directors: 1. allotting new shares to a number of unspecified persons without classifying the types of persons who will be granted an opportunity to subscribe for new shares, 2. allotting new shares to the members of the Employees Share Ownership Association pursuant to the applicable laws and regulations, and granting a number of unspecified persons an opportunity to subscribe for new shares which are not so subscribed for (if any), 3. granting the shareholders a priority opportunity to subscribe for new shares, and then granting a number of unspecified persons an opportunity to subscribe for new shares which are not so subscribed for (if any); or. ; or. 17. any other businesses incidental to the foregoing. There are 1,381 companies in the LOTTE Corporation corporate family. It delivers a detailed strategic analysis of the company's business, examining its performance in the market over a period of time. The purposes of the Company are to engage in the following business activities: Public notices of the Company shall be posted on the Company’s Internet website (http://www.lotte.co.kr); provided, however, that if it is impossible to post public notices on the Company’s Internet website due to a technical error or another unavoidable reason, public notices shall be posted in The Korea Economic Daily, a daily newspaper of general circulation in Seoul. Product Export - Products(Gasoline, Kerosene, Diesel, Bunker C), Volume, Price; Products Volume Price; Gasoline: 6,452: 46.30: Kerosene: 507: 43.68: Diesel: 15,948 In the event the Company, its subsidiary or the Company and its subsidiary together hold shares that are in excess of one-tenth (1/10) of the number of the total issued and outstanding shares of another company, the shares of the Company held by such other company shall not have voting rights. (2) The Audit Committee shall consist of not less than three (3) directors (with at least two-thirds (2/3) of the members to be outside directors), and the qualification and the methods of appointment of any member of the Audit Committee shall comply with the requirements prescribed by the applicable laws and applications including the KCC. of the Company. (1) A shareholder may exercise his/her voting rights by proxy. (3) Provisions of Articles 40 through 42 shall apply mutatis mutandis to the committees. (3) The convertible bonds issued pursuant to Paragraph (1) above may be issued with a condition that only a portion may be converted by a resolution of the Board of Directors. Manufacture and sale of confectioneries, ice cream, healthy foods, general merchandise, and others. (1) The Chairman of the General Meeting of Shareholders shall be the Representative Director; provided, however, that if there are more than one (1) Representative Directors, the Chairman shall be determined by a resolution of the Board of Directors. (1) The Company may grant stock options to its officers and employees (which shall include, for the purpose of this Article, officers and employees of related companies as prescribed in Article 30 of the Enforcement Decree of the KCC) by a special resolution of the General Meeting of Shareholders, to the extent not exceeding fifteen percent (15/100) of the number of total issued and outstanding shares of the Company; provided, however, that the Company may grant stock options to the officers and employees excluding the board members of the Company, by a resolution of the Board of Directors, to the extent not exceeding one percent (1/100) of the number of total issued and outstanding shares. CHAPTER IV GENERAL MEETINGS OF SHAREHOLDERS, CHAPTER V DIRECTORS, BOARD OF DIRECTORS AND COMMITTEES, 2017년 3분기 연간실적 2017년 3분기 연간실적 2017년 3분기 연간실적 2017년 3분기 연간실적 2017년 3분기 연간실적, Non-executive Director Candidate Nomination Committee. (1) The Company may establish the following committees within the Board of Directors by a resolution of the Board of Directors: 3. Story of Lotte India Lotte India Corporation Limited came into existence post the takeover of Parrys Confectionery from Murugappa Group in 2004. the shortcut menu depending on your browser, Alt + accessKey number or Alt + Shift + accessKey number or Shift + Esc + accessKey select the number and enter You jump to that section. Any vacancy in the office of directors shall be filled at the General Meeting of Shareholders; provided, however, that the foregoing provision shall not apply if the number of remaining directors satisfies the requirement set forth in Article 31 and such vacancy does not cause any difficulties in performance of duties. Financial Results for the First Half of Fiscal 2020, and Revisions to Annual Forecast Oct. 23, 2020 Notice Regarding Change in Representative Corporate Executive Officers (2) The shareholders registered in the shareholders registry as of the last day of each fiscal year shall be entitled to exercise the rights as shareholders at the Ordinary General Meeting of Shareholders convened with respect to such fiscal year. (1) The Representative Director of the Company shall prepare and have audited by the Audit Committee the following documents and supplementary schedules thereto and business report six (6) weeks before the date set for the Ordinary General Meeting of Shareholders and then submit the following documents and business report to the Ordinary General Meeting of Shareholders: other documents prescribed by the Enforcement Decree of the KCC, indicating the financial status and business performance of the Company. Manufacture and sale of confectioneries, ice cream, healthy foods, general merchandise, and others. (2) The dividends on the Class 1 Preferred Shares shall be not less than nine percent (9%) per annum based on the par value, and the rate thereof shall be determined by the Board of Directors at the time of issuance. 4. provide financial and business support to Subsidiaries, Etc. 2012 Click here to view. Outside Director Candidate Recommendation Committee; 5. other committees as the Board of Directors may deem necessary. the shortcut menu depending on your browser, Alt + accessKey number or Alt + Shift + accessKey number or Shift + Esc + accessKey select the number and enter You jump to that section. 7. engage in joint development and marketing of products and services with Subsidiaries, Etc. The classes of the shares to be issued by the Company shall be common shares in a registered form and preferred shares in a registered form. Year. Stock options granted by a resolution of the General Meeting of Shareholders or the Board of Directors may be linked to the performance of the Company measured by business performance targets or market indices. PRINCIPAL ACTIVITIES The Company is an investment holding company. (1) The Company shall designate a transfer agent for shares. Annual Report 2005. (7) The term of the Class 1 Preferred Shares shall be ten (10) years from the date of issuance, and the Class 1 Preferred Shares shall be converted to common shares upon the expiration of such term. HOME Company Info. (2) The Chairman of the General Meeting of Shareholders may restrict the duration and/or the number of speeches made by each shareholder whenever the Chairman deems it necessary for smooth proceedings of the General Meeting of Shareholders. (6) With regard to the distribution of dividends on the shares issued upon conversion and the payment of accrued interests on the convertible bonds, the provision of Article 11 hereof shall apply mutatis mutandis. The number of total authorized shares to be issued by the Company shall be 500,000,000 shares. Upon discovery of anything that could cause significant damage to the Company, such director shall promptly report it to the Audit Committee. Equity attributable to owners of the parent. Home Investor Relations Annual Report. Corporate Brochure. (1) The Company may establish the Outside Director Candidate Recommendation Committee by a resolution of the Board of Directors pursuant to Article 39, Paragraph (1) hereof. 11. engage in sales and servicing of intangible assets, including knowledge and information, etc. However, if the preferred dividends have not been paid by the Company as prescribed herein during the said term, the aforementioned term shall be extended until such unpaid dividends shall have been paid in full. (3) If no dividend is paid on the common shares, the Company may decide not to pay dividends on the Class 2 Preferred Shares as well. (2) The Board of Directors may permit all or some of its directors to participate in the meeting by means of communication simultaneously transmitting and receiving live audio communications, in lieu of attending such meeting in person. Other committees as the ultimate holding Company stipulated as a ground for revocation in the LOTTE Shopping Annual LOTTE. 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