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PIRELLI: SHAREHOLDERS MEETING AND BOARD OF DIRECTORS MEETING HELD

PIRELLI: SHAREHOLDERS MEETING AND BOARD OF DIRECTORS MEETING HELD
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Vera Hansen Corporate Attorney Miller Canfield Law Firm

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Sustinvest Recommends Kumho Petrochemical s Shareholders to Vote FOR CW Park s Proposal

Sustinvest Recommends Kumho Petrochemical s Shareholders to Vote FOR CW Park s Proposal
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Shareholders would be Best Served by Electing [Chul Whan Park] to the Company s Board of Directors at This Time

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

Shareholders would be Best Served by Electing [Chul Whan Park] to the Company s Board of Directors at This Time

Shareholders would be Best Served by Electing [Chul Whan Park] to the Company s Board of Directors at This Time Glass Lewis Recommends Voting in Favor of Major Agendas Proposed by Chul Whan Park, the Largest Individual Shareholder and Senior Executive of Kumho Petrochemical News provided by Share this article Share this article 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.

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