Charitable Contribution

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.

 

END