Policy

IR Policy of CJ ENM

• Policy and Compliance

  CJ ENM (The “Company”) complies with Financial Investment Services and Capital Markets Act, Monopoly Regulation and Fair Trade Act, Regulation on Securities Issuance and Disclosure established by the Financial Services Commission, and Disclosure Regulation of Korea Stock Exchange.

  CJ ENM complies with Internal Information Management Policy which was amended in 2018

  In accordance with the relevant laws and policy mentioned above, CJ ENM seeks to optimize the understanding of the Company by means of communication principles mentioned in this IR Policy.

• Quiet Period

  The Company stipulates a four-week Quiet Period prior to the filing of the earnings results.

  During the Quiet Period, IR department does not take part in meetings or conferences with shareholders, with investors and/or analysts.

  The purpose of Quiet Period is to ensure fairness in IR communication. Quiet Period will be clearly communicated in advance through disclosures.

• Earnings Conference

  The Company regularly holds conference calls and webcasts for quarterly earnings releases with consecutive Korean-to-English interpretation.

  In pursuit of efficient conference process, participation in calls and Q&A sessions are confined to shareholders investors and analysts.

  Other stakeholders, including the investors, the press, the research firms, and the proxy advisory firms, can also participate in real-time webcasting and listen to the earnings release conference calls.

• IR Materials

  IR materials are posted on CJ ENM webpage.

  The materials are either regular publication, such as monthly <IR Pack> and quarterly earnings materials, or ad hoc releases such as <IR Book> for the IR events.

  The provided materials are based on internal and external sources believed to be reliable and information in the materials are subject to change without pre-notification.

• IR Roadshows

  IR Roadshows refer to comprehensive IR activities including NDR(Non-Deal Roadshow), Corporate Day, and Conference hosted by sell-side advisors.

  When participating in IR Roadshows, the Company does not receive subsidies from sell-side advisors.

  Arrangements with sell-side advisors is set as schedule permits. The Company also considers advisors’ insight of our business/industry and accessibility to investors.

• Analyst Reports

  The Company does not make requests for previews of or correction on analysts’ reports.

  The Company does not comment on analysts’ recommendation, price target or their analysis.

  The Company does not comment on whether analysts’ earnings estimates exceed/meet/fall below actual earnings.

• Communication Principles

  IR department is in charge of communication with shareholders and analysts.

  During the meetings, IR department does not make comments on :

  - Information that are not publicly released through IR materials or Corporate Filings

  - Likelihood that expected earnings will exceed/meet/fall below consensus, earnings in previous quarter and/or year.

  - Likelihood that expected earnings will turn to profit/loss, or the break-even level.

  - Business strategies or plans that are underway or relative information under NDA(Non-disclosure agreement).

  - Outlook for the share price, reasons for share price change, and market capitalization and valuation.

• Annual Guidance

  The Company provides earnings guidance with analysis of business prospects and external circumstances.

  Annual earnings guidance is comprised of the Company’s total revenue and operating profit on a consolidated basis.

  Guidance for divisional revenues and operating profits is not provided.

• Approval and representativeness

  Communication by CEO, the head of each business division, COO, CFO, and IR department are the official representatives of the Company.

  Communication by the Company’s management and employees participating in IR events such as earnings releases and conferences represents the Company.

  The Company’s IR Policy has been approved by CEO of the Company on July 2018.