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RNS Number : 5907H Samsung Electronics Co. Ld 20 March 2024
Transactions with Affiliated Companies
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on
March 20, 2024, announced that its Board of Directors has authorized the
following related-party transactions with affiliated companies.
1. Real Estate Lease Agreement
□ Major Transaction Terms
(KRW 10 mil)
Owner of property Samsung Electronics
Lessee Samsung Life Insurance
Lease period May 1, 2024-April 30, 2029
Transaction amount 2,134/year
Purpose of transaction Lease of office space
Terms and conditions - Deposit: 1,736
- Annual rental payment: 2,084
- Transaction amount is the sum of the annual rental payment and converted
annual rental payment, where the converted annual rental payment is calculated
by multiplying the deposit amount and the interest rate provided for by the
applicable Act, currently set at 2.9%
- The foregoing deposit and the annual rental payment refer to the amount
applicable in the first year; the corresponding figures in the subsequent
contract years may vary as they are adjusted for inflation
Other information:
ž Number of Independent Directors present at the BOD meeting: 6 (100%)
ž Attendance of Audit Committee: Y
□ Major Transaction Terms
(KRW 10 mil)
Owner of property Samsung Electronics
Lessee Samsung Securities
Lease period May 1, 2024-April 30, 2029
Transaction amount 1,334/year
Purpose of transaction Lease of office space
Terms and conditions - Deposit: 1,085
- Annual rental payment: 1,303
- Transaction amount is the sum of the annual rental payment and converted
annual rental payment, where the converted annual rental payment is calculated
by multiplying the deposit amount and the interest rate provided for by the
applicable Act, currently set at 2.9%
- The foregoing deposit and the annual rental payment refer to the amount
applicable in the first year; the corresponding figures in the subsequent
contract years may vary as they are adjusted for inflation
Other information:
ž Number of Independent Directors present at the BOD meeting: 6 (100%)
ž Attendance of Audit Committee: Y
2. Provision of Collateral Security
SEC to use a building and land as collateral to secure the deposit in the
above transaction
□ Major Transaction Terms
(KRW 10 mil)
Owner of property Samsung Electronics
Related party Samsung Life Insurance
Collateral security Land and building
Security period May 1, 2024~ (expires at the repayment of deposit)
Guaranteed amount 1,736
Maximum guaranteed amount 2,084
Terms and conditions - Security period is subject to change.
- The maximum guaranteed amount is 120% of the guaranteed amount.
Other information:
ž Number of Independent Directors present at the BOD meeting: 6 (100%)
ž Attendance of Audit Committee: Y
□ Major Transaction Terms
(KRW 10 mil)
Owner of property Samsung Electronics
Related party Samsung Securities
Collateral security Land and building
Security period May 1, 2024~ (expires at the repayment of deposit)
Guaranteed amount 1,085
Maximum guaranteed amount 1,303
Terms and conditions - Security period is subject to change.
- The maximum guaranteed amount is 120% of the guaranteed amount.
Other information:
ž Number of Independent Directors present at the BOD meeting: 6 (100%)
ž Attendance of Audit Committee: Y
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