REG - Samsung Electronics - Charitable Contribution

Samsung Electronics CoAnnouncement

20/02/2024 08:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240220:nRST7634Da&default-theme=true

RNS Number : 7634D  Samsung Electronics Co. Ld  20 February 2024

Charitable Contribution

 

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935,
SMSN, SMSD)

("SEC") on February 20, 2024, authorized the following: (i) management plan
for the Social

Contribution Matching Fund (the "Fund") for 2024 and (ii) financial
contribution to the Chungnam Samsung Academy.

 

Management Plans for the Social Contribution Matching Fund for 2024

- The Fund consists of SEC employees' voluntary financial contributions, as
well as SEC's matching financial contribution. For the calendar year 2024, SEC
plans to contribute to the Fund KRW 12.27 billion to match the total amount
raised by its employees in the previous year.

- SEC's contributions to the Fund are expected to be utilized to benefit the
society, by contributing to projects related to youth education and assistance
for vulnerable members of the society.

 

Contribution to Chungnam Samsung Academy

- SEC will make a financial contribution in the amount of KRW 2.469 billion in
early March 2024 to Chungnam Samsung Academy as a part of its efforts to (i)
attract talented employees by improving the learning environment for their
school-aged children and (ii) improve local educational infrastructure.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQKKBNFBKKDBB