Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
1. Details of Issuing Company Name of Company LOTTE Battery Materials USA Corporation
Nationality United States Representative -
Capital Stock (KRW) 139,603,000,000 Relationship to Company Affiliated Company
Total Number of Shares Issued 100 Main Business Investment battery business
2. Details of Acquisition Number of Shares to Be Acquired -
Acquisition Amount (KRW) 138,320,000,000
Equity Capital (KRW) 15,451,196,495,425
Ratio to Equity Capital(%) 0.9
If Classified as a Large-scale Corporation Yes
3. Number of Shares Held and Shareholding Ratio after Acquisition Number of Shares Held 100
Shareholding Ratio(%) 100
4. Acquisition Method Cash
5. Purpose of Acquisition Participation in capital increase for LOTTE Battery Materials USA Corportion's Cathode foil investment
6. Scheduled Acquisition Date -
7. Date of Board Resolution (Decision Date) 2022-07-27
- Attendance of Outside Directors Present(No.) 6
Absent(No.) 0
- Attendance of Auditors(members of Audit Committee) -
8. If entered into an agreement for Put Option, Call Option, Put Back Option, etc. No
- Details of agreements -
9. Other references useful for making investment decisions 1. This is LOTTE Chemical's decision to participate in capital increase to LOTTE Battery Materials USA Corporation.

2. LOTTE Battery Materials USA Coporation will be acquired 70% stakes of LOTTE Aluminium's USA Cathode Foil corporation with the financial resources secured this time.

3. Above figure 1. Issuing company is USA Corporation, when establishing a corporation, 100 shares were issued with a capital of $1. Also, company don't issue separate shares more at this time.

4. Above figure 2. Details of Acquisition is $106,400,000 USD, applied trading standard ($1=1,300)

5. Above figure 2. Equity Capital is based on 'Consolidated Audit Report' in 2021

6.Below [Condensed Financial Statement of Issuing Company] is omitted because it's newly corporation.

7. Above Information may change depending on the progress and business environment.
※Title and date of other disclosure related to this one -
[Condensed Financial Statement of Issuing Company](Mil. KRW)
Type Total Assets Total Liabilities Total Shareholders' Equity Capital Stock Sales Amount Net Income
Current Year - - - - - -
Last Year - - - - - -
The year before last - - - - - -

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Lotte Chemical Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 07:03:01 UTC.