BC94 Samsung El.144a

TIDMSMSN

RNS Number : 6911X

Samsung Electronics Co. Ld

27 April 2023

Charitable Contribution

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on April 27, 2023, announced that its Board of Directors has authorized the following contributions.

Contributions for a fund to provide performance incentives to suppliers for SEC's Device Solutions ("DS") Division

- SEC will provide approximately KRW 80.1 billion for incentives to be distributed to qualified

suppliers from the 236 first- and second-tier suppliers for the DS Division that are classified as

SMEs and are stationed within the operations.

- The incentives aim to contribute to preventing worksite accidents, improving product quality, and

expanding activities that encourage mutual cooperation with SEC's partners.

- Evaluations are based on supplier performances in the first half (January through June) of 2023 and

second half (July through December) of 2023 and will be conducted in July 2023 and January 2024,

respectively.

- Suppliers scoring above a certain rating will receive incentive payments from an available total of

the estimated KRW 80.1 billion, which estimation is subject to change depending on evaluation

results.

- SEC will contribute to "Large, Small-and-Medium Size Enterprises, Farming and Fishing Industries

Cooperation Foundation," which will distribute the incentive to the eligible suppliers.

- The total estimated amount to be provided to all suppliers stationed within the DS Division

operations is KRW 98.0 billion.

Supporting a Smart Factory Project

- SEC will assist domestic manufacturing Small-and-Medium Enterprises ("SME"), regardless of

whether they have a business relationship with SEC, by supporting a smart factory project in order to

contribute to bolstering Korea's manufacturing competitiveness and balanced regional development.

- The contribution will total KRW 22.4 billion from 2023 through 2025.

- SEC will contribute KRW 16.4 billion to "Large, Small-and-Medium Size Enterprises, Farming and

Fishing Industries Cooperation Foundation" for smart-factory construction.

(The total amount will be distributed over the three years, and the timing of distribution for each

year will be decided after consultations.)

- KRW 6.0 billion (KRW 2.0 billion each year) will be used for support programs that promote SME

self-sufficiency.

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April 27, 2023 03:09 ET (07:09 GMT)

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