SM Entertainment in the "Introspective", change in shareholder composition. The graph is at the end of 2018. .

● Largest shareholder Chairman Soo Man Lee : 19.07%

● Second shareholder "National Pension": 8.79%

● Third shareholder "KB Asset Management": 6.6% (In April 2019, we rapidly purchase SM shares. To the third largest shareholder)

● The fourth shareholder "Mirae Asset": 5.15%

The total number of shares held by the second, third and fourth shareholders exceeds 20%. In other words, they are able to make more “voices” than Chairman Soo Man Lee.

※ BoA of SM director: 0.03%