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.	2021.03.23.	Insured
	Kim Kyo-hyun	Male	Vice Chairman & CEO, Chairman of BOD (full-time)	2 years	Chief executive	2017.03.24.	2021.03.23.	Insured
	Hwang Jin-koo	Male	Vice-President & CEO (full-time)	2 years	Chief executive	2021.03.23.	2021.03.23.	Insured
	Lee Young-jun	Male	Vice-President & CEO (full-time)	2 years	Chief executive	2020.03.25.	2022.03.24.	Insured
Outside Directors	Choi Hyon-min	Male	Outside Director (part-time)	2 years	Tax	2020.03.25.	2022.03.24.	Insured
	Jeon Woon-bae	Male	Outside Director (part-time)	2 years	Labor	2020.03.25.	2022.03.24.	Insured
	Kang Jeong-won	Male	Outside Director (part-time)	2 years	Industry, R&D	2020.03.25.	2022.03.24.	Insured
	Nam Hye-jung	Female	Outside Director (part-time)	2 years	Accounting	2021.03.23.	2021.03.23.	Insured
	Cho Woon-hang	Male	Outside Director (part-time)	2 years	Finance, Accounting	2022.03.24.	2022.03.24.	Insured
	Other Non-executive Director	Lee Hoon-ki	Male	Other (part-time)	2 years	Director	2021.03.23.	2021.03.23.	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.