Kumho Tire | All-Ways. Go With You

ETHICAL MANAGEMENT

Kumho Tire has established a transparent decision-making system through the board of directors with diversity and expertise. As of March. 31, 2022, the board of directors consists of a total of 9 members including 2 inside directors, 2 non-executive directors, and 5 independent directors. The chairman is Chai Yong Sen, the chairman of Double Star Group, a major shareholder of Xingway Korea (a major shareholder of Kumho Tire), separated from the CEO.

Category	Name	Gender	Nationality	Career	Expertise	Term
Internal Directors	Iltaik Jung	Male	Korea	Current President & CEO of Kumho Tire	Management	May.7, 2021 ~ May. 6, 2024
Internal Directors	Yangki Chae	Male	Korea	Current CEO of Kumho Tire	Management	Nov. 27, 2020 ~ Nov. 26, 2023
Non-executive Directors	Chai Young Sen	Male	China	Current Chairman of the Doublestar Group	Management	Jul. 6, 2021 ~ Jul. 5, 2024
Non-executive Directors	Zhang Jun Hua	Female	China	Current CEO of the Doublestar Group	Accounting	Jul. 6, 2021 ~ Jul. 5, 2024
Independent Directors	Jonggil Kim	Male	Korea	Current Lawyer at Dongin Law Firm	Law	Jul. 6., 2021 ~ Jul. 5, 2024
	Hongyup Choi	Male	Korea	Current professor at the Chosun University College of Law	Law	May. 19, 2020 ~ May. 18, 2023
	Hansuh Gu	Male	Korea	Former President and CEO of Dongyang Life Insurance Co., Ltd.	Management, Finance	May. 19, 2020 ~ May. 18, 2023
	Jinyoung Kim	Male	Korea	Former President and CEO of Donyang Life Insurance Co., Ltd.	Management, Finance	Jul. 6, 2021 ~ Jul. 5, 2024
	Moonsun Song	Male	Korea	Former Vice President of Korea Development Bank	Finance, Accounting	Mar. 30, 2022 ~ Mar. 29, 2025

(As of Mar. 31, 2022)

BOARD OF DIRECTORS OPERATION

Boards play an important role of supervising management. The Strategy Planning Division supports the best decision-making of the board of directors by providing information on agenda items and prior reporting.
Also, the finance, HR and strategy planning sectors support and manage the activities of four committees under the board of directors. Major ESG performances and climate change response plans of 2021 have been reported at the first and second regular board meetings in 2022, and establishment of a climate action system (1 case) through CDP participation was approved.

Subcommittee Operation

Kumho Tire established 4 subcommittees under the BOD, including the Audit Committee, Independent Director Nominating Committee, Strategy Operation Committee, and Compensation Assessment Committee.
The Audit Committee consists entirely of independent directors to ensure its independence and transparency.
As for the Independent Director Nominating Committee, majority of the members are independent directors in accordance with the relevant standards and internal regulations.
The Strategy Operation Committee supports the BOD’s strategic decision making on pending management issues, and the Compensation Assessment Committee carries out employee performance assessment and compensation.
The BOD attendance rate in 2020 was 100%.

Subcommittee Composition

●chairman ○member (2022.6.30기준)

Committee	Number of BOD Meetings Held(2021)	Iltaik Jung	Yangki Chae	Chai Yong Sen	un Hua Zhang	Jonggil Kim	Hongyup Choi	Hanseo Gu	Moon sun Song
Audit Committee	5					○		○	●
Independent Director Nominating Committee	1				○	●	○
Strategy Operation Committee	12	●	○	○	○			○
Compensation Assessment Committee	7	○			○			●