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by Chul Whan Park, the Largest Individual Shareholder and Senior Executive of Kumho Petrochemical Park s proposals present a mid-to-long-term plan with improved dividend policy and capacity for future investments to enhance long-term corporate value. Park could continue to advocate for the various strategic, financial and governance reforms he believes are necessary in order to enhance shareholder value going forward. Park s proposals would be in the best interests of shareholders, given the proposed committee independence, composition, and other specific details such as committee roles. Payout ratio proposed by Park of 52.6% is more in line with industry peers with average at 49% HONG KONG, March 17, 2021 /PRNewswire/ Chul Whan Park, the largest individual shareholder and senior executive of Kumho Petrochemical, welcomed the recommendation published by a proxy advisor Glass, Lewis & Co. with regards to the agendas proposed for the company s annual general meeting of

Benjamin joe yongJong hoon baekPrnewswire chul whanJung mi leeYi seok hwangJung hyun choiByung nam rheeLewis coTransaction committeeCompensation committeeComposition of the internal transactions committeeAudit committeeEstablishment of internal transaction committeeTransactions committeeComposition of the compensation committeeGlass lewis recommends voting