Transactions with Affiliated Companies
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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