Samsung Electronics Co. Ld Charitable Contribution (4155V)

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RNS Number : 4155V

Samsung Electronics Co. Ld

01 December 2023

Charitable Contribution

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on November 30, 2023, authorized the following contribution:

1. Contribution to Community Chest of Korea's annual fundraising campaign for 2024

- SEC will contribute KRW 8.65 billion to the Heemang 2024 Nanum Campaign of Community Chest of Korea, a social welfare corporation, to help the underprivileged as a part of our 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 Nation'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 - August 7, 2024 (5 
                           years) 
 Amount                   USD 4,366,270 (approximately KRW 5,680.51 
                           million) 
                         ------------------------------------------------------------- 
 Timing of contribution   Scheduled for December 2023 
                         ------------------------------------------------------------- 
 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. 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, 2022 - October 31, 2023, and SEC's 
                                 contribution. 
                         ------------------------------------------------------------- 
 

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December 01, 2023 06:09 ET (11:09 GMT)