First of all, I would like to thank our stakeholders for the generous they have extended to Coway's innovation for a better life, and our employees and domestic and overseas partners for joining Coway's continuous journey of innovation.

Coway established the ESG Committee in 2021 to strengthen ESG management based on the expertise and independence of the BOD. The ESG Committee is composed of experts with experience and capabilities in various fields, and collects the latest information and trends in each field to identify ESG-related risks and opportunities and establish strategies for implementation. Based on this, we disclose Coway's ESG management activities regularly and transparently to shareholders, investors, and stakeholders.

In 2022, Coway advanced its ESG management by establishing ESG management strategies and implementing key priorities. I would like to briefly introduce the achievements in each area.

In the Environmental (E) area, we completed the energy conversion (building the second eco-friendly solar power plant) as planned, to achieve the 50% carbon emission reduction target by 2030 (compared to 2020). In addition, we designed products taking into account the environmental impact of the entire process (improving energy consumption efficiency and applying eco-friendly materials), and more than 20 products designed by this process were selected for "Inno Star and Green Star Note¹⁾ certifications in the first and second half of 2022".

In the Social (S) area, we carried out social contribution activities for the local community (donating water purifiers to help underprivileged neighbors enjoy clean water and air) and biodiversity conservation (creating a citizen-participation forest) based on our vision of being the 'Best Life Solution Company'. It was also the first year that we started strengthening corporate diversity and inclusion (founding the 'Blue Wheels' wheelchair basketball team). 'Blue Wheels' is the only wheelchair basketball team operated by a private company in Korea, securing the diversity of corporate members.

In the area of governance (G), we appointed highly qualified female outside directors to increase gender diversity and strengthen strategic decision-making at the board level based on diverse perspectives in line with the rapidly changing business environment.

Amidst the rapidly changing global business environment, Coway's ESG Committee monitors and complements performance in identifying and implementing the key ESG management tasks and upholds Coway's ESG management vision, "Company caring for better Earth".

The Coway’s ESG Committee will continue to play a key role in sustainability management. We will make every effort to proactively respond to changes and transparently fulfill our commitments and responsibilities.

Thank you.

Chairman of the ESG Committee
Jin-Bae Kim