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LG Electronics Inc. shareholders approved all resolutions at the Annual General Meeting held on 24 March 2022. This included the FY 2021 financial statements, with a dividend of 850 KRW per Common Stock and 900 KRW per Preferred Stock, and amendments to the Articles of Incorporation to add new business objectives. The AGM also approved the re-appointment of Sang-Goo Lee and the new appointment of Choong-Yuel Yoo as Outside Directors and Audit Committee members, and a Directors' Compensation Limit of 9.0 Billion KRW.
| Date | 24 Mar 2022 |
| Time | 07:21:28 |
| Category | AGMs and other meetings |
| ID | 8875F |
LG ELECTRONICS INC.
(KRX: 066570)
Result of AGM
LG Electronics Inc. (the ''Company'') is pleased to announce that the resolution set out in the Notice of Annual General Meeting circulated to shareholders were approved at the Annual General Meeting of the Company held earlier today.
The result of the resolution is set out below:
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Agenda 1 : Approval of Proposed FY 2021 Financial Statements |
Passed |
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- Dividend per share : Common Stock 850 KRW, Preferred Stock 900 KRW |
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Agenda 2 : Approval of Amendment of Article of Incorporation |
Passed |
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The objectives of the company are to be added to the Articles of Incorporation to reflect new business being promoted by the company and changes in existing business. Addition of 'licensing business of intellectual property rights such as patents' to continue the intellectual property rights licensing business such as mobile patents, which has been carried out incidentally by the MC business Addition of 'development and sales of blockchain-based software, and trading and brokerage of cryptographic assets' to provide blockchain platform services 'Production and sales of functional materials such as glass powder' is to be added to manufacture/sell functional glass materials (enamel and antibacterial functional glass powder) |
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Agenda 3 : Appointment of Directors |
Passed |
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- Agenda 3-1 : Outside Director Sang-Goo Lee (Re-appointment) |
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Agenda 4 : Appointment of Audit Committee Member |
Passed |
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- Agenda 4-1 : Audit Committee Member Sang-Goo Lee (New appointment) |
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Agenda 5 : Approval of Compensation Limit for Directors |
Passed |
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- Compensation Limit 9.0 Billion KRW (Previous Year : 9.0 Billion KRW) |
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LG Electronics Inc.
IR Planning Team
24 Mar, 2022
07336, Korea
LG Twin Towers
128, Yeoui-daero, Yeongdeungpo-gu, Seoul