Lotte Corporation Sells 5% Treasury Shares to Affiliate

Lotte Corporation announced on the 26th that it has sold 5,245,461 treasury shares (5%) to Lotte Property & Development.

The transaction was valued at 147.7 billion won, and as a result, Lotte Corporation's equity stake decreased to 27.37%. Previously, in the 'Treasury Stock Report' included in its business report submitted in March, Lotte Corporation stated that it was considering selling approximately 15% of its total issued shares as treasury stock, with the aim of improving its financial structure and investing in new businesses.

Lotte Corporation, which was established as a general holding company in 2017, saw its proportion of treasury shares increase through a series of spin-offs and mergers involving affiliates such as Lotte Confectionery, Lotte Shopping, Lotte Chilsung Beverage, and Lotte Foods. Including the shares traded on this day, Lotte Corporation plans to sequentially sell up to 15% of its treasury shares and is also considering the additional cancellation of a portion of these shares.