LG Household & Health Care Holds Annual General Meeting... "Accelerating Overseas Business Focused on the US Market"

Shareholder-Friendly Policies...
Improving the Interim Dividend Process

LG Household & Health Care held its 24th Annual General Meeting of Shareholders at 9 a.m. on the 25th at the LG Gwanghwamun Building in Jongno-gu, Seoul.

On the 25th at 9 a.m., LG Household & Health Care held the '24th Annual General Meeting of Shareholders' at the LG Gwanghwamun Building in Jongno-gu, Seoul, and approved six agenda items including the approval of financial statements and the appointment of directors as originally proposed. Provided by LG Household & Health Care.

At the meeting, LG Household & Health Care approved six agenda items as originally proposed: ▲Approval of the financial statements for the 24th fiscal year (last year's performance) ▲Approval of amendments to the articles of incorporation ▲Appointment of directors ▲Appointment of directors to serve as members of the Audit Committee ▲Appointment of Audit Committee members ▲Approval of the limit on directors' remuneration.

Last year, LG Household & Health Care recorded consolidated sales of 6.8119 trillion KRW, marking a 0.1% increase compared to the previous year, while operating profit decreased by 5.7% to 459 billion KRW. Net income for the period increased by 24.7% to 203.9 billion KRW. Dividends per share were approved at 3,500 KRW for common stock and 3,550 KRW for preferred stock. The dividend payout ratio stands at 31%.

At the meeting, an amendment to the articles of incorporation was also approved as part of shareholder-friendly policies to improve the interim dividend process. The record date for determining shareholders entitled to interim dividends was changed from the current "July 1 at 0:00" to "board resolution," and the board is required to announce the dividend record date at least two weeks in advance. This change allows shareholders to confirm dividend policies before deciding on their investment.

For director appointments, Executive Director Lee Myung-seok (CFO·Chief Financial Officer) was reappointed as an inside director, and Professors Lee Sang-cheol of Ewha Womans University Business School and Lee Seung-yoon of Konkuk University Business School were newly appointed as outside directors.

Professor Lee Woo-young of Seoul National University Law School was reappointed as a director serving on the Audit Committee. Professors Lee Sang-cheol and Lee Seung-yoon were newly appointed as Audit Committee members. LG Household & Health Care's Audit Committee is composed entirely of outside directors.

Lee Jung-ae, President of LG Household & Health Care, stated, “We will accelerate the rebalancing of overseas operations, focusing on the Americas market,” adding, “We will actively pursue investments for inorganic growth to strengthen future growth engines and further solidify our business structure through rigorous efficiency improvements in non-core businesses.”

This content was produced with the assistance of AI translation services.