'3rd Generation of Lotte Family' Shin Yu-yeol Makes First Purchase of Lotte Holdings Shares... "For Responsible Management"

Lotte Holdings Acquires 7,541 Shares... 0.01% Stake

Shin Yu-yeol, Executive Director of Lotte and eldest son of Shin Dong-bin, Chairman of Lotte Group, has purchased approximately 7,000 shares of Lotte Holdings. This is the first time Executive Director Shin has acquired shares of Lotte Holdings, placing him on the list of special related parties of Chairman Shin Dong-bin.

According to the Financial Supervisory Service's electronic disclosure system (DART) on the 5th, Executive Director Shin purchased 7,541 common shares of Lotte Holdings, securing a 0.01% stake. The shares he acquired are worth approximately 190 million KRW based on the closing price on the 5th.

A Lotte official explained, "Since the end of last year, Executive Director Shin, who has taken charge of the Future Growth Office at Lotte Holdings, acquired the shares as part of enhancing corporate value and responsible management."

Executive Director Shin joined Lotte Japan as a manager in 2020 and has been receiving management training. He then served as deputy general manager at Lotte Chemical Japan branch, co-CEO of Lotte Strategic Investment, and CEO of Lotte Financial.

At the end of last year, he was promoted to executive director and concurrently holds the newly established position of Future Growth Office head at Lotte Holdings and Global Strategy Office head at affiliate Lotte Biologics. In March, he was appointed as an inside director of Lotte Biologics, becoming the first registered executive officer at a domestic Lotte Group affiliate.

Industry insiders expected Executive Director Shin to actively participate in the management of Lotte Korea and secure shares through purchasing treasury stock. With him acquiring Lotte Holdings shares for the first time, attention is focused on whether he will accelerate additional share acquisition and succession planning.