Lotte Energy Materials Emphasizes Production Efficiency at Malaysia Plant

38th Regular Shareholders' Meeting Held
"We Will Secure Cost Competitiveness"

Kim Yeonseop, CEO of Lotte Energy Materials, announced that the company will maximize production efficiency at its Malaysia plant by the end of this year to secure cost competitiveness.

On the 24th, Kim attended the 38th regular shareholders' meeting held at Iksan Plant 1 in Palbong-dong, Iksan-si, Jeonbuk, where he made this statement. He was reappointed as CEO at the board meeting held immediately after the shareholders' meeting. Kim said, "We will accelerate the commercialization of solid electrolytes and LFP cathode active materials, which are key materials for next-generation batteries, to secure future growth engines."

The agenda items at the shareholders' meeting included ▲approval of the 38th financial statements ▲appointment of directors ▲approval of the limit on directors' remuneration ▲approval of the limit on auditors' remuneration, totaling four items, all of which were approved as originally proposed.

Jinho Chae, director of Styx Special Situation Win LLC, was appointed as a newly established outside director. Additionally, Sungyoon Jeong, head of the finance and accounting division, was appointed as a new inside director.