REG - Samsung Electronics - Charitable Contribution

Samsung Electronics CoAnnouncement

29/11/2024 08:15

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RNS Number : 1840O  Samsung Electronics Co. Ld  29 November 2024

Charitable Contribution

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on
November 29, 2024, announced that its Board of Directors has authorized the
following contribution:

 

1. Contribution to Community Chest of Korea's annual fundraising campaign for
2025

-     SEC will contribute KRW 8.53 billion to the Heemang 2025 Nanum
Campaign of Community Chest of Korea, a social welfare corporation, to help
the underprivileged as a part of our commitment to corporate social
responsibility.

 

2. Contribution to the United Nations Development Programme (UNDP)

-     As a part of its partnership with the UNDP and to support the United
Nations's effort to achieve The Global Goals*, SEC will make a charitable
contribution sourced from the Samsung Global Goals application, our
user-participation sustainability platform, and the matching fund.

* A set of 17 goals adopted at the UN General Assembly in September 2015 to
achieve a sustainable future for all.

 

□ Details

 Term of partnership     August 7, 2019-December 31, 2030 (11 years and 5 months)
 Amount                  USD 2,939,972 (approximately KRW 4.11 billion)
 Timing of contribution  Scheduled for December 2024
 Recipient               United Nations Development Programme
 Other information       - During each year of the partnership, the contribution amount was calculated
                         based on the proceeds from the twelve-month period from November 1 through
                         October 31 of subsequent year. The timing of the contribution is subject to
                         change pursuant to consultation with the partner.

                         - This year's contribution consists of the proceeds from Samsung Global Goals
                         application between November 1, 2023-October 31, 2024, and SEC's contribution.

 

 

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