SK Chemicals : Decision on Entering into Trust Contract for Acquisition of Treasury Stock

Decision on Entering into Trust Contract for Acquisition of Treasury Stock

1. Contract amount (KRW)	50,000,000,000
2. Contract period	Start date	2022-03-23
End date	2022-09-22
3. Purpose of contract	Shareholder return policy to enhance shareholder value
4. Counterparty (trust company)	SK Securities Co., Ltd.
5. Scheduled contract date	2022-03-23
6. Treasury stock holdings before contract	Acquisition within profits available for dividends (shrs.)	Common stock	-	Ratio (%)	-
Different classes of stocks	-	Ratio (%)	-
Acquisition for other reasons (shrs.)	Common stock	30,857	Ratio (%)	0.2
Different classes of stocks	148,133	Ratio (%)	0.8
7. Date of board resolution (decision date)	2022-03-21
- Attendance of outside directors	Present (No.)	4
Absent (No.)	-
- Attendance of auditors (members of Audit Committee who are not outside directors)	-
8. Entrusted brokerage company	SK Securities Co., Ltd.
9. Other matters to be factored into investment decisions	- Treasury stocks acquired through this trust contract will be used to enhance shareholder value through retirement, etc. in the future. However, as this is an acquisition through the conclusion of a trust contract, in the case of retirement, etc., the relevant details will be decided and disclosed through a separate board meeting.

【Limit to Acquiring Treasury Stocks】

Category	Amount (KRW)
1. Limit to "profits available for dividends" in the Commercial Act as of the immediately preceding business year end	ⓐ. Net assets	885,073,321,363
ⓑ. Amount of capital	66,000,330,000
ⓒ. Total amount of capital reserve and earned surplus reserves accumulated up to preceding business year	271,311,180,257
ⓓ. Unrealized gain as prescribed by Presidential Decree	90,263,180
Sub total (ⓐ-ⓑ-ⓒ-ⓓ)	547,671,547,926
2. Acquired amount of treasury stock after previous fiscal year end	3,165,774,250
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end	28,765,274,945
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end	64,647,023,980
5. Amount of trust contract	-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)	-
Limit to acquisition of treasury stock (1-2-3-4-5+6)	451,093,474,751

【Holding Amount of Treasury Stock before Decision to Enter into Trust Contract】

(in shrs.)

Methods of acquisition	Type of stocks	Beginning balance	Change	Closing balance	Remarks
Acquisition (+)	Disposal (-)	Share retirement (-)
Amount of stocks acquired within profits available for dividends	Direct acquisition	Direct acquisition in exchange	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Direct acquisition in OTC	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Tender offer	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Sub total (a)	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Acquisition by trust contract	Number of stocks indirectly held through trust contracts	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Number of stocks directly held	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Sub total (b)	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Amount of stocks acquired for other reasons (c)	Common stock	30,857	-	-	-	30,857	-
Different classes of stocks	148,133	-	-	-	148,133	-
Total (a+b+c)	Common stock	30,857	-	-	-	30,857	-
Different classes of stocks	148,133	-	-	-	148,133	-