LG Chem Sells Approximately 2 Trillion KRW Worth of LG Energy Solution Shares

Post-Transaction LG Energy Solution Stakeholding at 81.4%

[Asia Economy Reporter Hwang Yoon-joo] LG Chem announced on the 7th that it has decided to dispose of 8.5 million shares of its subsidiary LG Energy Solution for 2.1845 trillion KRW. After the disposal, the number of shares owned will be 191.5 million shares (81.84%).

The company stated, "This is related to the sale of existing shares following LG Energy Solution's listing on the KOSPI market," and added, "The shares are being disposed of to secure funds for investment in new growth engines." The scheduled disposal date is January 21 of next year.