Vice Chairman Kwon Young-soo Purchases 1,000 Shares of LG Energy Solution

Intraday Purchase on the 30th... Worth 572.8 Million KRW

Vice Chairman Kwon Young-soo of LG Energy Solution purchased 1,000 shares of the company’s stock for 572.8 million KRW during trading on the 30th.

LG Energy Solution announced through a disclosure that Vice Chairman Kwon bought the company’s shares at 572,800 KRW per share. This is his second purchase following 1,000 shares (worth 420 million KRW) in April last year.

LG Energy Solution explained, “Vice Chairman Kwon expressed a strong commitment to responsible management and enhancing shareholder value by purchasing company shares again this year following last year,” adding, “This signifies his intention to further strive to increase the company’s future customer value and strengthen shareholder trust.”

Kwon Young-soo, Vice Chairman of LG Energy Solution
[Photo by LG Energy Solution]

LG Energy Solution, which achieved its highest annual performance last year with sales of 25.5986 trillion KRW and operating profit of 1.2137 trillion KRW, announced plans to increase annual sales by more than 25-30% this year. Capital investment will also increase by over 50% compared to last year, aiming to expand the production capacity of global manufacturing plants in North America, Europe, and Asia from 200 GWh (as of the end of 2022) to 300 GWh by the end of this year. LG Energy Solution’s cumulative order backlog stood at 385 trillion KRW as of the end of last year.

At the 3rd regular shareholders’ meeting held on the 24th, Vice Chairman Kwon stated, “This year, LG Energy Solution will further strengthen its competitiveness to deliver outstanding performance in any environment,” and added, “Through this, LG Energy Solution will become a ‘profitability number one company trusted and loved by customers,’ responding to the trust of our shareholders.”