Lotte Chemical Pakistan : PRESS NOTICE OF 24TH ANNUAL GENERAL MEETING

Notice of 24th Annual General Meeting

Notice is hereby given that the 24th Annual General Meeting (AGM) of Lotte Chemical Pakistan Limited ("the Company") will be held on Thursday, 21 April 2022 at 11:00 a.m. at the Institute of Bankers Pakistan (IBP), M.T. Khan Road, Karachi to transact the following business:

ORDINARY BUSINESS

1. To receive, consider and adopt the Company's audited financial statements together with Directors' and Auditors' reports for the year ended 31 December 2021.
2. To appoint the Auditors of the Company for the year ending 31 December 2022 and to fix their remuneration.

	By Order of the Board
25 March 2022	Faisal Abid
Karachi	Company Secretary

Notes:

1. Book closure. The Share Transfer books of the Company will remain closed from Friday, 15 April 2022 to Thursday, 21 April 2022 (both days inclusive). Transfers received in order at the office of Company's Share Registrar, Famco Associates (Pvt) Ltd, 8-F, near Hotel Faran, Nursery, Block-6, P.E.C.H.S, Shahrah-e-Faisal, Karachi, by the close of business on 14 April 2022, will be treated in time for the purpose of attending the AGM.
2. Participation in AGM through video-conferencing. In compliance with circulars issued by Securities and Exchange Commission of Pakistan (SECP) on corona virus contingency planning, the Company has made arrangements for participation of shareholders in AGM through video-conferencing. For this purpose, members are requested to register themselves by providing the following information through email at [e-mail] least 48 hours before the time of AGM.

Name of	CNIC/ NTN	Folio Number /	Mobile	Email
Shareholder	Number	CDC Account No.	Number	Address

Members will be registered, after necessary verification as per the above requirement and will be provided a video-link by the Company via email. The login facility will remain open from 10.30 a.m till the end of AGM. Members can also share their comments and suggestions on the agenda by email at [e-mail]

3. A member of the Company entitled to attend and vote may appoint another member as his / her proxy to attend and vote instead of him / her. Proxies in order to be effective must be received at the Registered Office of the Company not less than 48 hours before the time of the holding of the Meeting. In calculating the aforesaid period, no account shall be taken of any day that is not a working day. Proxy Form may also be downloaded from the Company's website: www.lottechem.pk

CDC Account Holders will have to follow further undermentioned guidelines as laid down in Circular 1 dated 26 January 2000 issued by the Securities and Exchange Commission of Pakistan.

1. For Attending the Meeting:
2. 1. In case of individuals, the account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per the Regulation, shall authenticate his / her identity by showing his / her original valid Computerised National Identity Card (CNIC) or original passport at the time of attending the Meeting.

1. 1. 1. In case of corporate entity, the Board of Directors' resolution / power of attorney with signature of the nominee shall be produced (unless it has been provided earlier) at the time of the Meeting.
   2. For Appointing Proxies:
   3. 1. In case of individuals, the account holder or sub-account holder and / or the person whose securities are in group account and their registration details are uploaded as per the Regulations, shall submit the proxy form as per the above requirement.
      2. The proxy form shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.
      3. Attested copies of valid CNIC or the passport of the beneficial owners and the proxy shall be furnished with the proxy form.
      4. The proxy shall produce his / her original valid CNIC or original passport at the time of the meeting.
      5. In case of corporate entity, the Board of Directors resolution / power of attorney with specimen signature shall be submitted (unless it has been provided earlier) along with proxy to the Company.
2. Payment of Cash Dividend through electronic mode. In accordance with the provisions of Section 242 of the Companies Act, 2017 and Companies (Distribution of Dividend) Regulations, 2017, it is mandatory for a listed company to pay cash dividend to its shareholder only through electronic mode directly into the bank account designated by the entitled shareholder. Accordingly, shareholders are requested to fill in "Electronic Credit Bank Mandate Form" available on Company's website and send it duly signed along with a copy of valid CNIC/NTN to their respective CDC participant / CDC Investor account services (in case of shareholding in Book Entry Form) or to the Company's Share Registrar M/s. Famco Associates (Pvt) Ltd (in case of shareholding in Physical Form).
3. Transmission of Annual Financial Statements through email. Members who wish to receive annual Financial Statements and notice of General Meetings via email can communicate their email addresses to the Company's Share Registrar on the standard Request Form available on the Company's website.
4. Conversion of physical shares into CDC account. As per Section 72 of the Companies Act, 2017 ("the Act"), every listed company is required to replace its physical shares with book-entry form within four years of the promulgation of the Act. Therefore, the shareholders having physical shares are requested to convert the shares into book entry at the earliest.
5. Audited Financial Statements of the Company for the year ended 31 December 2021 have been provided on the Company's website: www.lottechem.pk
6. Unclaimed/Unpaid Dividend and Share Certificates. As per the provisions of Section 244 of the Companies Act, 2017, any shares issued or dividend declared by the Company which have remained unclaimed/unpaid for a period of three years from the date on which it was due and payable (list available at Company's website) required to be deposited with SECP for the credit of Federal Government after issuance of notices to the shareholders to file their claim. Shareholders are requested to ensure that their claims for unclaimed dividend and shares are lodged promptly. In case, no claim is lodged, the Company shall proceed to deposit the unclaimed/unpaid amount and shares with the Federal Government pursuant to the provision of Section 244(2) of Companies Act, 2017.