Dividends Overview

2019.6.30

board of directors
Name Category Career Date Appointed Term
Chun-sung Yoon CEO BS/MSc, Geology, Yonsei University
Head of Coal Business Division
Indonesia Region Representative
Head of Resources Business Group
2019.3.15 3 Years
Byeong-il Min Executive Director/CFO BA, Linguistics, Seoul National University
Head of Finance Division, LG Electronics
2019.3.15 2 Years
Jae-won Lee Non-executive Director BA, Political Science & International Studies, Yonsei University
Head of IoT Product Division, LG U+
Head of Communication & Services Team, LG Corp.
2019.3.15 2 Years
Woon-oh Jung Outside Director BA, International Economics, Seoul National University
MBA, Cornell University
Ph.D., Accounting, UCLA
Former Chairman of the Korean Academic Society of Taxation
Professor, Business School, Seoul National University
2017.3.15 3 Years
(Reappointed)
Won-woo Lee Outside Director LLB/LLM, Seoul National University
Ph.D., Public Law, University of Hamburg
Former Assistant Professor in Law, College of Social Sciences, Hallym University
Former Associated Professor in Law, School of Law, Hanyang University
Former Dean and Director of the Seoul National University School of Law
Professor, School of Law, Seoul National University.
2017.3.17 3 Years
Ihl-soo Yang Outside Director BA/MBA, Management, Yonsei University
Ph.D., Management, Hongik University
Partner, EJUNG·GYUL Accounting Corporation
2019.3.15 3 Years
Eun-nyeong Heo Outside Director BS/MSc, Resources Engineering, Seoul National University
Ph.D., Resource and Environmental Economics, Penn State University
Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers
President of the Korean Resource Economics Association
Professor, Energy System Engineering, Seoul National University
2019.3.15 3 Years
(Reappointed)

2019.1.1~2019.6.30

Activities
Round Date Resolution Agenda Outcome Outside Director Internal Director Non-executive Director
Dong-wook Kim
(Attendance:100%)
Woon-oh Jung
(Attendance:100%)
Won-woo Lee
(Attendance:100%)
Eun-nyeong Heo
(Attendance:100%)
Chi-ho Song
(Attendance:0%)
Yong-hwan Park
(Attendance:100%)
Hyeon-hoei Ha
(Attendance:100%)
Agreement and Disagreement
1st Round 2019.1.31 Approval No.1 : Approval of FY2018 financial statements and annual business report Confirmed Agree Agree Agree Agree Unattended Agree Agree
No.2 : Approval on the revision of the internal accounting management regulations Confirmed
No.3 : Appointment of the nomnination committee for the outside director Confirmed
No.4 : Approval on the relocation of the headquarters Confirmed
No.5 : Approval on the lease agreement Confirmed
Report No.1 : Status report on internal accounting management regulations - - - - - Unattended - -
No.2 : Disciplinary report for exective officer -
2nd Round 2019.2.22 Approval No.1 : Approval on convening the FY2018 Annual General Meeting of shareholders Confirmed Agree Agree Agree Agree Unattended Agree Agree
No.2 : Approval on the purpose of the FY2018 Annual General Meeting of shareholders Confirmed
Report No.1 : Report on operation of internal accounting control system - - - - - - - -
No.2 : Report on operation of the compliance system -

※ As of 2019.3.15 prior to the shareholders' meeting, the BOD is comprised of Woon-oh Jung, Dong-wook Kim,
Won-woo Lee, Eun-nyeong Heo, Chi-ho Song, Yong-hwan Park, Hyeon-hoei Ha.

Activities
Round Date Resolution Agenda Result Outside Director Internal Director Non-executive Director
Woon-oh Jung Won-woo Lee Ihl-soo Yang Eun-nyeong Heo Chun-sung Yoon Byeong-il Min Jae-won Lee
(Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:100%) (Attendance:67%)
Agreement and Disagreement
3rd Round 2019.3.15 Approval No.1 : Appointment of the chair of the committee Confirmed Agree Agree Agree Agree Agree Agree Agree
No.2 : Appointment of the representative director Confirmed
No.3 : Approval on compensation for the directors Confirmed
No.4 : Approval on the revision of the HR management guidelines for executive officers Confirmed
No.5 : Approval on the special bonus for executive directors Confirmed - (Note1)
No.6 : Approval on the regulation revision for the nomination committee for an outside director Confirmed Agree
No.7 : Member appointment for the nomination committee for the outside director Confirmed
No.8 : Approval on the appointment of advisory directors Confirmed
No.9 : Approval on the real-estate sales agreeement Confirmed - (Note1)
No.10 : Approval on the self-dealing transaction of directors Confirmed - (Note1)
4th Round 2019.4.22 Approval No.1: Approval on stake sales of Rosemont copper mine in USA Confirmed Agree Agree Agree Agree Agree Agree Unattended
5th Round 2019.5.10 Report No.1: Report on 2019 Q1 Business Review - - - - - - - -
Approval No.1: Approval on the investmen of thermal coal mine in East Kalimantan, Indonesisa Confirmed Agree Agree Agree Agree Agree Agree Agree
No.2: Approval on the payment guarantee credit line for overseas corporations Confirmed
No.3: Approval on the special bonus for executive directors Confirmed

(Note1) Right of resolution un-exercised due to personal interest

Audit Committee

2019.6.30

Audit Committee
Name Career Category
Woon-oh Jung Former Chairman of the Korean Academic Society of Taxation
Former Professor, Business School, Seoul National University
Outside Director
Won-woo Lee Former Professor, College of Law, Hanyang University
Professor, School of Law, Seoul National University
Outside Director
Ihl-soo Yang Former Executive Director, Samil PwC
Partner, EJUNG·GYUL Accounting Corporation
Outside Director

Status of the Audit Committee

2019.1.1~2019.6.30

Activities
Committee Members Resolution Outside Director
Date Agenda Outcome Woon-oh Jung Dong-wook Kim Won-woo lee
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Disagreement
Audit Committee The Chair: Woon-oh Jung
Members: Dong-wook Kim, Won-woo Lee
2019.1.31 Approval No.1: Approval on the revision of the internal accounting management regulations Confirmed Agree Agree Agree
Report No.1: Approval of FY2018 financial statements and annual business report - - - -
No.2: Status report on the internal accounting management regulations
No.3: Performance Evaluation for the 2nd Half of 2018 and the Planning Report for 2019
2019.2.22 Approval No.1: Inspection in Operation Management of Internal Accounting Mangement Regulations Confirmed Agree Agree Agree
No.2: Inspection in Operation Management of Internal Audit Control System
No.3: Approval on the Statement of Audit

※ As of 2019.3.15 prior to the shareholders' meeting, the audit committee is comprised of director Woon-oh Jung, Dong-wook Kim and Won-woo Lee

Activities
Committee Members Resolution Outside Director
Date Agenda Outcome Woon-oh Jung Won-woo lee Ihl-soo
Yang
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Disagreement
Audit Committee The Chair: Woon-oh Jung
Members: Won-woo Lee, Ihl-soo Yang
2019.5.10 Report No.1: Report on the financial statement of 1Q, 2019 - - - -
No.2: Report on evaluation of Activity Audit by external auditor

※ Dong-wook Kim resigned as of 2019.3.15 and Ihl-soo Yang is newly appointed as the audit committee member.

Outside Director Nomination Committee

2019.6.30

Outside Director Nomination Committee
Name Position Outside Directors
Jae-won Lee Head of IoT Product Division, LG U+
Head of Communication & Services Team, LG Corp.
Non-executive Director
Ihl-soo Yang Executive Director, Samil PwC
Partner, EJUNG·GYUL Accounting Corporation
Outside Director
Eun-nyeong Heo Chairman of Policy of the Korean Society of Mineral and Energy Resources Engineers
President of the Korean Resource Economics Association
Professor, Energy Systems Engineering, Seoul National University
Outside Director

Status of the Nomination Committee for the Outside Director

2019.1.1~2019.6.30

Activities
Committee Members Resolution Non-Executive Director Outside Director
Date Agenda Outcome Hyeon-hoei Ha Woon-oh Jung Won-woo Lee
(Attendance: 100%) (Attendance: 100%) (Attendance: 100%)
Agreement and Objection
Nomination Committee for the Outside Director The Chair of the Committee: Hyeon-hoei Ha
Members: Woon-oh Jung, Won-woo Lee
2019.2.22 1. Appointment of the chair for the Committee Confirmed Agree Agree Agree
2. Approval on candidates for outside directors

※ As of 2019.2.22, the nomination committee for the outside director is comprised of director Hyeon-hoei Ha, Woon-oh Jung and Won-woo Lee.