Audit Committee : Solus Advanced Materials

Chair: Iny Hwang / Total number of committee members: 3

Iny HwangOutside director: Date of appointment 2022-03-30 (Reappointment); Position Director(Part-time); Tenure 3 years

Taehyun ChoiOutside director: Date of appointment 2022-03-30; Position Director(Part-time); Tenure 3 years

Haechoon ParkOutside director: Date of appointment 2023-03-30; Position Director(Part-time); Tenure 3 years

Sanghoon ParkOutside Director: Date of appointment 2020-12-14; Position Director(Part-time); Tenure 3 years

Composition of
a pool of candidates
Outside Director
Candidates Committee

Selection of outside director candidates who will serve as ACMs
Board of Directors

Decision on recommendation of ACMs will serve as Audit Committee Members
General Meeting of Shareholders

Election after the passing of relevant resolution

1. The Company shall have the Audit Committee instead of auditors per Article 47 hereof.
2. The Audit Committee shall consist of at least 3 (three) directors.
3. At least two-thirds of the Audit Committee members shall be outside directors. Members who are not outside directors shall meet the requirements stipulated in the Commercial Act, Article 542-11(3)
4. The Audit Committee shall elect one to represent it. In this case, the Committee may decide that it shall be co-represented by a few members

1. Matters pertaining to General Meeting of Shareholders (GMOS)
- Asking for the convincing of an extraordinary GMOS
- Expressing opinions on agenda items and documents submitted to GMOS
2. Matters pertaining to directors and the Board of Directors (BOD)
- Obligation to report to the BOD
- Submittal of audit reports
- Asking for steps to stop directors’ illegal act
- Asking directors to submit a business report
- Carrying out matters entrusted by directors
3. Matters pertaining to the Auditor
- Investigation of business/asset status
- Investigation of subsidiaries
- Receipt of directors’ reports
- Representatives between directors and the Company
- Decision on whether file a suit, where minority shareholders ask for such an action against a director
- Selection of outside directors
- Receipt of a report on a director’s dishonest act relating to his/her job or an important fact about violation of the law or the Company’s Articles of Incorporation from outside auditors
- Receipt of a report on the Company’s violation of accounting standards from
- Appraisal of the internal control system
- Matters requiring the Audit Committee’s decision as per the law, the Company’s Articles of Incorporation or the BOD; matters deemed necessary by the Audit Committee

Solus Advanced Materials