Karachi: Lotte Chemical Pakistan Limited has announced that a meeting of its Board of Directors is set to convene in Karachi on Thursday, 13 February 2025, at 11:00 am. The primary agenda of the meeting is to review and consider the audited financial statements for the fiscal year ending 31 December 2024. This meeting holds significant importance as Lotte Chemical Pakistan Limited looks to finalize its financial outcomes for the past year.

In compliance with regulations, the company has declared a "Closed Period" starting from 6 February 2025 and ending on 13 February 2025, inclusive of both dates. This measure adheres to Clause 5.6.4 of the Rule Book of the Exchange, which mandates restrictions on trading during such periods. Consequently, no Director, CEO, or Executive of Lotte Chemical Pakistan Limited is permitted to engage in any transactions involving the company's shares, either directly or indirectly, throughout the duration of the Closed Period.

According to information available from the Pakistan Stock Exchange (PSX), the designation of a Closed Period is a standard practice intended to prevent insider trading and ensure transparency and fairness in the financial markets. It is a crucial step to uphold investor confidence and maintain the integrity of market operations.

Lotte Chemical Pakistan Limited operates within the basic materials market category, focusing on the production and distribution of chemical products. The upcoming board meeting is anticipated to shed light on the company's financial performance, providing insights into its strategic direction and growth prospects for the coming year.