Organization Status of the Board of Directors

Type	Name	Gender	Post	Terms	Duty	Initial Appointment	Most Recent Appointment	Executive Liability Insurance
Inside Directors	Shin Dong-bin	Male	Chairman & CEO (full-time)	2 years	Chief executive	2004.05.28.	2023.03.29	Insured
	Lee Young-jun	Male	Vice-President & CEO (full-time)	2 years	Chief executive	2020.03.25.	2024.03.26	Insured
	Sung Nak-sun	Male	Inside Director (full-time)	2 years	Financial Accounting Sector Supervision	2024.03.26	2024.03.26	Insured
Outside Directors	Nam Hye-jung	Female	Representative Outside Director, Outside Director & Audit Commitee member (part-time)	2 years	Accounting	2021.03.23.	2023.03.29.	Insured
	Cho Woon-hang	Male	Outside Director & Audit Commitee member (part-time)	2 years	Finance, Accounting	2022.03.24.	2022.03.24.	Insured
	Cha Kyung-hwan	Male	Outside Director (part-time)	2 years	Legal	2023.03.29	2023.03.29	Insured
	Oh Yoon	Male	Outside Director & Audit Commitee member (part-time)	2 years	Tax	2024.03.26	2024.03.26	Insured
	Park Ji-soon	Male	Outside Director (part-time)	2 years	Labor	2024.03.26	2024.03.26	Insured
	Sohn Byeong-hyeok	Male	Outside Director (part-time)	2 years	Industry, R&D	2024.03.26	2024.03.26	Insured

LOTTE Chemical considers diversity and complementarity of competence when appointing independent directors, regardless of gender, ethnicity, and nationality.

A director’s term is valid from the date of appointment (inauguration) until the closing of the regular stockholders’ meeting for the final accounting period within two years.

LOTTE Chemical maintains liability insurance for directors (liability limit: KRW20 billion) to insure against damage claims and legal defense cost.

Our company introduced the representative outside director system in March 2024, and appointed outside director Nam Hye-jung as the representative outside director.