REG - Samsung Electronics Samsung Elec - SMSD - Transactions with Affiliated Companies

Samsung Electronics CoAnnouncement

Wed 08:45

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RNS Number : 8064G  Samsung Electronics Co. Ld  30 April 2025

Transaction with Affiliate Company

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on
April 30, 2025, announced that its Board of Directors has authorized the
following related-party transactions with affiliated companies.

 

1. Participation in rights offering

-      Participation in the new stock issuance of Samsung SDI ("SDI")

□ Major transaction terms

 Transaction items       2,284,590 common shares of SDI
 Transaction date        May 22, 2025
 Transaction value       KRW 334 billion (total invested capital of KRW 1,728.2 billion)
 Purpose of transaction  To purchase new shares issued by SDI allotted to existing shareholders
 Terms and conditions    * The transaction date is the subscription end date for existing shareholders.

                         * The transaction value is based on the issue price per share in SDI's new
                         capital issue disclosure on April 9, 2025.

                         * The total invested capital is SEC's cumulative investment in SDI, including
                         the transaction set forth herein.

                         * The terms above are subject to changes in the process of SDI's capital
                         increase process.

Other Information:

 * Number of Independent Directors present at the Board of Directors meeting: 6

 * Attendance of Audit Committee: Y

 

2. Purchase of Employee Insurance Policy from Samsung Fire & Marine
Insurance

□ Major Transaction Terms

 Insurer                      Samsung Fire & Marine Insurance
 Application date             May 2, 2025
 Type of insurance            Employee insurance policy
 Insurance premium            KRW 26.2 billion
 Insurance period             May 2, 2025-May 2, 2028 (3 years)
 Purpose of transaction       Insure eligible employees for unforeseen health costs, as part of the
                              Company's employee welfare program
 Method of insurance payment  Annual installment payment (3 years)

Other Information:

ž Number of Independent Directors present at the Board of Directors meeting:
6

ž Attendance of Audit Committee: Y

 

3. Investment in the New Technology Investment Association (SVIC 74)

-     Investment in the New Technology Investment Association (SVIC 74),
established by Samsung Venture Investment Corporation (SVIC).

□ Major transaction terms

 Transaction date        May 2025
 Transaction value       KRW 148.5 billion (to be made in cash)
 Purpose of transaction  Discovery/acquisition of promising technologies for future readiness and
                         reinforcement of business competitiveness in the DX division
 Terms and conditions    * With the investment, SEC joins the New Technology Investment Association
                         (SVIC 74).

                         * The total amount of the Investment Association (KRW 150 billion) is
                         comprised of KRW 148.5 billion from SEC and KRW 1.5 billion from SVIC.

                         * The funds will be paid on an as-needed basis via investments over the 7-year
                         term of SVIC 74. Both SEC's join date and duration of SVIC 74 are subject to
                         change.

Other Information:

 * Number of Independent Directors present at the Board of Directors meeting: 6

 * Attendance of Audit Committee: Y

 

※ This disclosure is in accordance with the Korean Fair Trade Act, which
mandates that a company must

 disclose financial and real estate transactions in the event the value of
such a transaction is greater or

 equal to KRW 10 billion and the counterparty is an affiliate of the party
required to make the disclosure.

 

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