Corporate Governance

Share Ownership Structure of Shinsegae Inc.

As of Dec. 31st 2022

As of Dec. 31st 2022
Shareholders	Shares	Ownership(%)
Largest Shareholder & Affiliates	2,812,249	28.56
Foreigners	2,616,167	26.57
Institution & Corporates	2,289,555	23.26
Indivisuals	2,118,436	21.52
Others	8,774	0.09
Total	9,845,181	100

Major Shareholders(more than 5% ownership)

As of Dec. 31st 2022

Profile of Directors

CEO

Management

Outside Director

Major Activities of the Board

Board of
Directors

Audit Committee

Function : Auditing & Report on Operations & Audit for operations of directors

Chairman : Kim, Han Youn

Chairman : Kim, Han Youn
Position	Name	Term of office	Date of appointment
Outside Director	Kim, Han Youn	2023. 03	2025. 03
Outside Director	Kang, Kyung Won	2023. 03	2025. 03
Outside Director	Choi, Nan Sul Hun	2022. 03	2024. 03

Nomination Committee

Function : Recommend candidates for outside director

Chairman : Kwag, Se Boong

Chairman : We, Chul Hwan
Position	Name	Term of office	Date of appointment
Management	Son, Yung Sik	2022. 03	2025. 03
Management	Hong, Seung Oh	2023. 03	2026. 03
Outside Director	Kwag, Se Boong	2023. 03	2025. 03
Outside Director	Kang, Kyung Won	2023. 03	2025. 03
Outside Director	Choi, Nan Sul Hun	2022. 03	2024. 03

Related Party Transactions Committee

Function : Evaluate & Approve Internal Transaction

Chairman : Choi, Nan Sul Hun

Chairman : Ahn, Young Ho
Position	Name	Term of office	Date of appointment
Management	Hong, Seung Oh	2023. 03	2026. 03
Outside Director	Choi, Nan Sul Hun	2022. 03	2024. 03
Outside Director	Kim, Han Youn	2023. 03	2025. 03

ESG Committee

Chairman : Kang, Kyung Won

Chairman : Kang, Kyung Won
Position	Name	Term of office	Date of appointment
Management	Hong, Seung Oh	2023.03	2026.03
Outside Director	Kang, Kyung Won	2023.03	2025.03
Outside Director	Kwag, Se Boong	2023.03	2025.03

Compensation Committee

Chairman : Kwag, Se Boong

Chairman : Kwag, Se Boong
Position	Name	Term of office	Date of appointment
Management	Hong, Seung Oh	2023. 03	2026. 03
Outside Director	Kwag, Se Boong	2023. 03	2025. 03
Outside Director	Kim, Han Youn	2023. 03	2025. 03

Payout Policy

We will strengthen shareholder-friendly management by establishing an objective and predictable dividend policy.

Payout
Financial resources	· OP(Non-Consoilidated) x 10% · Financial resources through asset disposal are used first for future investments and financial structure improvement.
Minimun Dividend	· Dividend per Share : 1,500KRW (If financial resources are below 1,500KRW per share)
Payment	· Annual Dividend
Period	· Maintain dividend policy for the next 3 years for predictability of dividends(FY2020~2022) · Reexamine every 3 years in consideration of changes in the business environment, investment and management performance, and cash flow conditions.

Investor Relations