LX International : Decision on Acquisition of Sharesor Investment Certificatesof Other Corporations

Decision on Acquisition of Shares or Investment Certificates of Other Corporations

1. Details of issuing company	Name of company	Poseung Green Power Co., Ltd.
Nationality	Republic of Korea	Representative	Myung-hoon Lee
Capital stock (KRW)	71,000,000,000	Relationship to company	-
Total number of shares issued	14,200,000	Main business	Biomass cogeneration
2. Details of acquisition	Number of shares to be acquired	8,994,800
Acquisition cost (KRW)	95,000,000,000
Equity capital (KRW)	2,384,244,343,246
Ratio to equity capital (%)	3.98
Classified as a large-sized corporation?	Yes
3. Number of shares held and shareholding ratio after acquisition	Number of shares held	8,994,800
Shareholding ratio(%)	63.34
4. Acquisition method	Cash acquisition
5. Purpose of acquisition	To secure new revenue sources through acquisition of the biomass power generation company
6. Scheduled acquisition date	2022-07-29
7. Subject to filing of a material fact report on asset acquisition?	No
-Total assets (as of the end of the latest fiscal year) (KRW)	6,746,889,021,744	Acquisition cost /Total assets(%)	1.41
8. Deemed a backdoor listing?	N/A
-Plan to increase capital through third-party allotment within six months?	N/A
9. Satisfying backdoor listing requirements for the issuing company (another corporation)?	N/A
10. Date of board resolution (decision date)	2022-04-19
-Attendance of outside directors	Present (No.)	4
Absent (No.)	0
-Attendance of auditors (members of Audit Committee who are not outside auditors)	-
11. Subject to reporting to the Fair Trade Commission?	No
12. Signed a put option contract, etc.?	No
-Details of agreements	-
13. Other matters to be factored into investment decisions	- The above information is the acquisition of a 63.34% stake in Poseung Green Power Co., Ltd. (8,994,800 common shares) from DL Energy Co., Ltd. - 1. The Capital stock and Total number of shares issued under the 1.'Details of issuing company' are as of the date of disclosure, and the total number of shares issued is the total number of common stocks (8,994,800 shares) and preferred stocks (5,205,200 shares). - Among the total number of preferred stocks, the number of stocks with voting rights is 3,860,000, and the Company's stake is 69.97% based on the number of stocks with voting rights. - Equity capital under 2. 'Details of acquisition' and total assets at the end of the latest fiscal year in 7. 'Subject to filing of a material fact report on asset acquisition?' are based on the Company's consolidated financial statements as of the end of 2021. - The acquisition cost under 2. 'Details of acquisition' is subject to change during consultation with the counterparty to transaction. - 6. 'Scheduled acquisition date' is the expected date of payment of the transaction price, and may change depending on progress such as approval of related organizations. - This acquisition may not be executed if the prerequisites for closing the transaction, such as approval from the relevant institution, are not met, and in the event of such a cause, we will notify you through re-disclosure. - All members of the Audit Committee of the company are outside directors. - Decision on specific matters related to this transaction is delegated to the CEO. - The following 'Condensed Financial Statements of Issuing Company' is prepared according to the Korean International Financial Reporting Standards (K-IFRS) for the current fiscal year (2021), the previous fiscal year(2020), and the two fiscal years prior (2019) of Poseung Green Power Co., Ltd.
※Related disclosure	-

[Condensed Financial Statements of Issuing Company](KRW)

Category	Total assets	Total liabilities	Total shareholders' equity	Capital stock	Sales	Net income	External auditor's opinion	External auditor
Current fiscal year	243,083,646,623	170,962,100,294	72,121,546,329	71,000,000,000	58,515,377,401	6,157,641,544	Unqualified opinion	Deloitte Anjin LLC
Previous fiscal year	242,098,556,466	176,143,429,917	65,955,126,549	71,000,000,000	42,747,439,854	-6,375,405,734	Unqualified opinion	Deloitte Anjin LLC
Two fiscal years prior	263,247,093,737	184,720,191,526	78,526,902,211	71,000,000,000	55,295,000,951	3,459,364,106	Unqualified opinion	Deloitte Anjin LLC