Shin Dongbin Reappointed as Inside Director of Lotte Holdings... Lotte Holdings Stresses Profitability-Focused Management

Lotte Holdings Holds 59th Annual General Meeting of Shareholders
Board Reappointments and New Appointments Finalized; Amendments to Articles Approved
"Driving Turnaround Through Profitability-Focused Management and Business Restructuring"

On March 24, Lotte Holdings held its 59th Annual General Meeting of Shareholders on the 31st floor of Lotte World Tower in Songpa-gu, Seoul, where major agenda items were resolved.

At the meeting, a total of six items were presented, including approval of the financial statements, partial amendments to the articles of incorporation, appointment of directors and audit committee members, and approval of the director compensation limit. All items were approved as originally proposed.

On the 24th, at the 31st floor of Lotte World Tower in Songpa-gu, Seoul, Ko Jungwook, Chairman of the Board and CEO of Lotte Corporation, is giving a greeting at the 59th annual general meeting of shareholders of Lotte Corporation. Lotte Corporation

As a result of this resolution, Chairman Shin Dongbin, as well as Lotte Holdings CEOs Ko Jungwook and No Junhyung, were reappointed as inside directors. Lee Kyungchun and Kim Haekyung were reappointed as outside directors, and Cho Byungkyu joined the board as a new outside director.

Additionally, the articles of incorporation were amended to introduce the cumulative voting system and electronic general meetings, and a new provision was established to clarify the standards for the disposal and holding of treasury shares.

Presiding over the meeting, CEO Ko Jungwook emphasized a profitability-centered corporate transformation and sustainable growth as future management directions. To this end, he identified strengthening fundamental competitiveness, restructuring business and asset portfolios, expanding investments in future growth, and expanding global business as core initiatives for this year.

Ko Jungwook, CEO of Lotte Holdings, stated, "We will maintain a profitability-focused management stance to enhance corporate value and ensure sustainable growth," adding, "We will meet shareholder expectations through tangible turnaround results."

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