Country Poland Founded 1851 *Group participation from September 2010. (4) The procedures applicable to the tasks provided for in Paragraph (3) above shall be conducted in accordance with the Regulation on Securities Transfer Agency Business of Transfer Agent, Etc. (1) The class 2 preferred shares to be issued by the Company shall be non-voting shares with preferred dividends (the “Class 2 Preferred Shares”), and the number of the Class 2 Preferred Shares shall not be more than 3,000,000 shares. Lotte Corporation is a Korean-based holding company principally engaged in the department stores. held by the Company. LOTTE TAIWAN CO., LTD. Country Taiwan Founded April 2005. (3) Dividends in Paragraph (1) above shall be paid to the shareholders or pledgees of the shares of the Company registered in the Company’s shareholders registry as of the last day of each fiscal year. : Get the latest LOTTE CHEMICAL stock price and detailed information including news, historical charts and realtime prices. (3) The shares to be delivered upon the exercise of stock options (in the event the Company settles the difference between the exercise price of the stock options and the fair value of the shares to be delivered by cash or treasury shares, the share whose fair value to be appraised) shall be selected among the types of shares set forth in Article 7 hereof, by a resolution of the General Meeting of Shareholders or the Board of Directors granting such stock options. The provisions of Articles 12 and 13 shall apply mutatis mutandis to the issuance of bonds. (2) Details regarding the composition, operation, etc. The course of proceedings of the General Meeting of Shareholders and the results thereof shall be recorded in minutes, which shall be either affixed with the names and seals of or signed by the Chairman and the directors present at the meeting and be kept at the principal office and branches of the Company. (2) The dividends on the Class 1 Preferred Shares shall be not less than nine percent (9%) per annum based on the par value, and the rate thereof shall be determined by the Board of Directors at the time of issuance. In the event the Company, its subsidiary or the Company and its subsidiary together hold shares that are in excess of one-tenth (1/10) of the number of the total issued and outstanding shares of another company, the shares of the Company held by such other company shall not have voting rights. President Message; Company Profile. (3) Provisions of Articles 40 through 42 shall apply mutatis mutandis to the committees. (1) The Company may establish the following committees within the Board of Directors by a resolution of the Board of Directors: 3. 9. provide education and training services to the Subsidiaries, Etc. 17. any other businesses incidental to the foregoing. (1) A shareholder may exercise his/her voting rights by proxy. (4) Details regarding the composition, operation, etc. (1) The Company may grant stock options to its officers and employees (which shall include, for the purpose of this Article, officers and employees of related companies as prescribed in Article 30 of the Enforcement Decree of the KCC) by a special resolution of the General Meeting of Shareholders, to the extent not exceeding fifteen percent (15/100) of the number of total issued and outstanding shares of the Company; provided, however, that the Company may grant stock options to the officers and employees excluding the board members of the Company, by a resolution of the Board of Directors, to the extent not exceeding one percent (1/100) of the number of total issued and outstanding shares. If the Company grants stock options by a resolution of the Board of Directors, the Company shall obtain the approval of the General Meeting of the Shareholders that is convened immediately after granting of such stock options. (1) The General Meetings of Shareholders of the Company shall be either ordinary or extraordinary. Lotte Corporation is a Korean-based holding company principally engaged in the department stores. (1) The Company may issue bonds by a resolution of the Board of Directors. (8) In issuing new shares pursuant to Paragraph (1), Item 1 above, the Company shall issue to the shareholders the certificate of preemptive right to new shares. Production and sale of chocolate. (2) A shareholder or registered pledgee who resides in a foreign country shall report to the Company the appointed agent to receive notices and the addresses in Korea to which notices are to be sent. (2) The convocation notice to shareholders holding not more than one percent (1/100) of the number of the total issued and outstanding shares entitled to vote may be substituted by either (i) providing a public notice of the convening of the General Meeting of Shareholders together with the agenda of the meeting in The Korea Economic Daily and Maeil Economic Daily published in Seoul two (2) weeks prior to the date set for such meeting, each by two (2) times or more or (ii) providing a public notice in the Data Analysis Retrieval and Transfer (“DART”) system operated by the Financial Supervisory Service or Korea Exchange. 3,700,000,000 and its paid up capital is Rs. ; or. 3. granting a number of unspecified persons (including the shareholders of the Company) an opportunity to subscribe for new shares by a method other than from Item 1 above, to the extent that the number of such new shares does not exceed fifty percent (50/100) of the total number of issued and outstanding shares and allotting new shares to the persons who subscribed for new shares as above. Lotte Confectionnery Co., Ltd. is not considered a big shareholder at the general shareholders’ meeting of Bibica JSC (code: BBC) as it was not informed of the investment project in Long An while PAN Food JSC knew. (3) The exercise price of the warrants shall be determined by the Board of Directors to the extent that the aggregate amount of such exercise price shall not exceed the total face value of the bonds with warrants. (2) The directors shall be elected by the affirmative vote of a majority of the voting shares presented at the General Meeting of Shareholders, which shall be at least one-fourth (1/4) of the number of the total issued and outstanding shares of the Company. Upon discovery of anything that could cause significant damage to the Company, such director shall promptly report it to the Audit Committee. Solution for Lotte Corporation I) Describe the main challenges and difficulties the MNE has faced or currently faces because of its internationalization. (2) A meeting of the Board of Directors shall be convened by the Representative Director or, if another director is designated by the Board of Directors, such designated director, by notifying each director at least three (3) days prior to the date of such meeting. Founder of South Korean retail giant Lotte dies. Hotel Lotte Co., Ltd. manages hotel properties. (3) The same shall apply in case of any changes in the matters referred to in Paragraphs (1) and (2) above. As Chairman Shin Dong-bin was handed a suspended prison sentence, the group is also accelerating the stabilization of its holding company system.According to Lotte … 1.earned surplus reserves (earned surplus reserves under the KCC); 5.other disposition of earned surplus; and. LOTTE CO., LTD. June 1948. (2) In case of allocating bonds by the method prescribed in Paragraph (1), Item 2 above, the bonds shall be allotted by any one (1) of the following methods by a resolution of the Board of Directors: by allotting the bonds to a number of unspecified persons without classifying the types of persons who are granted an opportunity to subscribe for the bonds; 2. by granting shareholders a priority opportunity to subscribe for the bonds, and then granting a number of unspecified persons an opportunity to be allotted the bonds that not so subscribed for (if any); or. (1) The Board of Directors shall consist of directors and make decisions on material matters concerning the Company. Stock options granted by a resolution of the General Meeting of Shareholders or the Board of Directors may be linked to the performance of the Company measured by business performance targets or market indices. (2) The Ordinary General Meeting of Shareholders shall be held within three (3) months after the end of each fiscal year, and the Extraordinary General Meeting of Shareholders may be convened whenever necessary. (2) The Audit Committee shall consist of not less than three (3) directors (with at least two-thirds (2/3) of the members to be outside directors), and the qualification and the methods of appointment of any member of the Audit Committee shall comply with the requirements prescribed by the applicable laws and applications including the KCC. 5. invest in, or securing funding to provide financial support to, Subsidiaries, Etc. The trade name of this company shall be LOTTE CORPORATION (the “Company”). (5) In issuing new shares by a method set forth in Paragraph (1) above, the type, number and the issuance price, etc. (2) The dividends, for which the right has been extinguished pursuant to Paragraph (1) above, shall be vested in the Company. Lotte Corporation to full divest from Bibica, making the PAN Group the largest shareholder After 10 years of lengthy internal competition, South Korean Lotte Corporation will fully divest Bibica (), selling 44.03 per cent or 6.8 million shares and making The PAN Group the largest shareholder in the Vietnamese confectionery maker. 3. examine business and financial status of the Subsidiaries, Etc. (3) The Company may suspend entry of any alterations in the shareholders registry for a period not exceeding three (3) months or set a record date, after giving at least two (2) weeks’ prior public notice thereof, by a resolution of the Board of Directors, if necessary to convene an Extraordinary General Meeting of Shareholders or otherwise; provided, however, that the Board of Directors may decide the suspension of entry of any alterations in the shareholders registry and a record date at the same time, if deemed necessary. 14F-16F, Lotte World Tower, 300 Olympic-ro, Songpa-gu, Seoul (05551) / TEL : 02-829-4114 LOTTE Chemical Family LOTTE Family copyright 2018 BY LOTTE Chemical CORPORATION. to support the business operation of Subsidiaries, Etc., including planning, accounting, legal and IT functions. (1) If any shareholder who holds two (2) or more votes wishes to exercise his/her votes in disunity, he/she shall give written notice to the Company of such intent and the reasons therefor no later than three (3) days before the date set for the General Meeting of Shareholders. and determination of compensation therefor. (4) The exercise price per share for the stock option shall be equal to or higher than the amount calculated pursuant to the following subparagraphs, and the same shall apply when adjusting the exercise price after the grant of the stock option. In such case, directors participating in the meeting in the aforementioned manner shall be deemed to be present in person at such meeting. SSI Securities Corporation and its related companies entered the race, but by August 2013 Lotte owned 38.6 percent while SSI was distant second with 20.7 percent. (2) The interim dividends under Paragraph (1) shall be paid by a resolution of the Board of Directors, which shall be made within 45 days from the record date set forth in Paragraph (1) above. The General Meeting of Shareholders shall be held at the place where the head office is located or any other places adjacent thereto as necessary. (2) The shareholders registered in the shareholders registry as of the last day of each fiscal year shall be entitled to exercise the rights as shareholders at the Ordinary General Meeting of Shareholders convened with respect to such fiscal year. Import and sale of Lotte products. The issuance price, which shall be equal to or higher than the par value per share of such new shares, shall be determined by the Board of Directors at the time of issuance of such bonds. LOTTE corporation Board of Directors is comprised of a total of nine members: four executive & five non-executive Directors. 11. engage in sales and servicing of intangible assets, including knowledge and information, etc. The LOTTE corporation Board of Directors currently deliberates on several key details involving those regulated by ordinances and articles of association, those delegated by the general meeting of shareholders and those pertaining to corporate governance fundamental policy and executive operations amid overseeing the operations of the executive staff. (3) The convertible bonds issued pursuant to Paragraph (1) above may be issued with a condition that only a portion may be converted by a resolution of the Board of Directors. (2) If necessary, the Company may establish branches, liaison offices, representative offices or subsidiaries within or outside Korea by a resolution of the Board of Directors. The share certificates of the Company shall be issued in the following eight (8) denominations: one (1), five (5), ten (10), fifty (50), one hundred (100), five hundred (500), one thousand (1,000) and ten thousand (10,000) shares. (1) The Company may, in any of the following cases, issue convertible bonds to persons other than the existing shareholders of the Company by a resolution of the Board of Directors to the extent that the aggregate sum of the face value of such convertible bonds so issued shall not exceed KRW 2 trillion: 1. issuance by way of granting certain persons (including the shareholders of the Company) an opportunity to subscribe for the bonds to allot bonds to such persons by a method other than Article 9, Paragraph (1), Item 1 above, if it is necessary to achieve the Company’s business purpose such as acquisition of new technology or improvement of the Company’s financial structure; 2. issuance by way of granting a number of unspecified persons (including the shareholders of the Company) an opportunity to subscribe for the bonds by a method other than Article 9, Paragraph (1), Item 1 above and allotting the bonds to the persons who subscribed for the bonds; 3. overseas issuance pursuant to Article 165-16 of the FSCMA; 4. issuance to domestic or foreign financial institutions for the purpose of emergency financing; or. The Basics of Shareholders . (5) Stock options granted hereunder may be exercised at least two (2) years after the date of the resolution made pursuant to Paragraph (1) above and within ten (10) years therefrom. 4. provide financial and business support to Subsidiaries, Etc. (7) With regard to the distribution of dividends on shares issued upon the exercise of stock options, the provision of Article 11 hereof shall apply mutatis mutandis. The promotion is effective Aug. 16. (4) If, for any fiscal year, dividends have not been paid on the Class 1 Preferred Shares at the dividend rate prescribed herein, such unpaid dividends shall be paid first on a cumulative basis at the time of payment of dividends for the subsequent fiscal year. (2) The agenda, proceedings, results, dissenting director (if any) and his/her reasons for dissenting shall be recorded in minutes. (2) In the event the Company falls under the category of a company which is required to prepare consolidated financial statements prescribed by the Enforcement Decree of the KCC, consolidated financial statements shall be included in the documents referred to in Paragraph (1) above. (3) Notwithstanding Paragraphs (1) and (2) above, if the Company receives from the shareholders of Subsidiaries, Etc. (1) The resolutions of the Board of Directors shall be adopted in the presence of a majority of the directors and by the affirmative vote of a majority of the directors present; provided, however, that the resolutions of the Board of Directors regarding the matters set forth in Article 397-2 (Prohibition against Appropriation of Company’s Opportunities and Assets) and Article 398 (Prohibition against Self-Transaction) of the KCC shall be adopted by the affirmative vote of at least two-thirds (2/3) of the directors in office. (4) The shares to be issued upon exercise of the warrants shall be common shares, Class 1 Preferred Shares or Class 2 Preferred Shares. Mary Chocolate Co., Ltd. October … (1) The Company shall suspend entries of alteration in the shareholders registry from the 1st to the 15st of January of each year. of the Audit Committee shall be determined by the Board of Directors. of each committee shall be determined by a resolution of the Board of Directors. Each shareholder shall have one (1) vote for each share. (2) The transfer agent, its place of business and the scope of its agency work scope shall be determined by a resolution of the Board of Directors, and such facts shall be publicly notified. (1) Except as otherwise provided in the applicable laws and regulations, the Representative Director shall convene a General Meeting of Shareholders in accordance with a resolution of the Board of Directors. (4) If any new shares have been issued prior to the record date specified in Paragraph (1) above following the commencement date of the fiscal year (including as a result of capitalization of reserves, stock dividends, conversion of convertible bonds and the exercise of warrants with respect to the bonds with warrant), such new shares shall be deemed to have been issued at the end of the immediately preceding fiscal year for the purpose of interim dividends. The classes of the shares to be issued by the Company shall be common shares in a registered form and preferred shares in a registered form. (1) The proceedings of a meeting of the Board of Directors shall be recorded in minutes. Manufacture and sale of confectioneries, ice cream, healthy foods, general merchandise, and others. (2) The dividends on the Class 2 Preferred Shares shall be the sum of the dividends paid on common shares and the amount calculated at the rate as determined by the Board of Directors at the time of issuance based on the par value. LOTTE Wedel sp. LOTTE CHEMICAL TITAN has built a strong domestic market position in Malaysia and Indonesia. The big shareholder groups in LOTTE Corporation have power over the company. Lotte Hi-Mart CEO Lee Dong-woo, 60, is replacing Hwang Kag-gyu as Lotte Corporation CEO following a vote by the board of directors on Thursday. Lotte Card CO., LTD. is mainly involved in issuing and managing credit cards, paying for credit card usage, recruiting and managing credit card merchants and others. ZHEJIANG CHINA COMMODITIES CITY GROUP CO., LTD. (3) Any director who has a special interest in a matter to be resolved by the Board of Directors shall not exercise his or her voting right. LOTTE Chemical has an extensive product portfolio including polymers, monomers, basic petrochemical products, and megatrend products and is growing to become the Global Top 10 chemical company based on the world-class production facilities and stable revenue generation. (1) The class 1 preferred shares to be issued by the Company shall be non-voting shares with preferred dividend rights (the “Class 1 Preferred Shares”), and the number of the Class 1 Preferred Shares shall be 750,000 shares. 2. evaluate the business performance of the Subsidiaries, Etc. (1) The Chairman of the General Meeting of Shareholders shall be the Representative Director; provided, however, that if there are more than one (1) Representative Directors, the Chairman shall be determined by a resolution of the Board of Directors. The Board of Directors will decide stocks not taken by shareholders and odd lot. (3) The interim dividends shall not exceed the amount calculated by deducting the following amounts from the value of the net assets on the balance sheet of the immediately preceding fiscal period: 1. the amount of capital of the immediately preceding fiscal period; 2. the total amount of capital reserves and earned surplus reserves accumulated until the immediately preceding fiscal period; 3. the unrealized gains set forth in the Enforcement Decree of the KCC; 4. the amount determined to be distributed as dividends at the General Meeting of Shareholders with respect to the immediately preceding fiscal period; 5. the discretionary reserve accumulated for a specific purpose pursuant to the provisions of these Articles of Incorporation or a resolution of the General Meeting of Shareholders until the immediately preceding fiscal period; and. 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