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On April 30, 2026, Samsung Electronics Co., Ltd. (SEC) announced its Board authorized related-party transactions, including the purchase of a Defined Benefit retirement pension policy from Samsung Life Insurance with an estimated premium of KRW 3,000 billion for FY 2026. SEC also authorized entrusting KRW 1,500 billion to Samsung Asset Management for retirement benefit management between May and July 2026, and investing KRW 12 billion in common shares into the National AI Computing Center Consortium from May 2026 to January 2027.
| Date | 30 Apr 2026 |
| Time | 08:51:14 |
| Category | Miscellaneous |
| ID | 5811C |
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on April 30, 2026, announced that its Board of Directors has authorized the following related-party transactions with affiliated companies.
Purchase of retirement pension policy from Samsung Life Insurance
- To ensure the stability of retirement benefit management and enhance overall profitability of the pension policy.
|
Insurer |
Samsung Life Insurance |
|
Policy premium |
KRW 3,000 billion |
|
Type of policy |
Retirement Pension Policy - Defined Benefit |
|
Terms of payment |
Lump sum payments |
|
Insurance |
Pay retirement benefit at the time of retirement |
|
Other |
- Policy premiums are estimated amounts for the financial year 2026; actual amounts may differ ※ The entire premium is scheduled to be entrusted to and managed by asset management companies - The insurance period ends on the contract end date |
Transaction with Samsung Asset Management
|
Insurer |
Samsung Asset Management |
|
|
Date |
May 2026 ~ July 2026 |
|
|
Purpose |
To manage retirement benefit (Defined Benefit) |
|
|
Amount |
KRW 1,500 billion |
|
|
Other |
|
Investment in the National AI Computing Center Consortium (tentative name)
□ Major transaction terms
|
Transaction date |
The investment will be made in two tranches during the period from May 2026 to January 2027 |
|
Transaction value |
KRW 12 billion (to be paid in common shares) |
|
Purpose of transaction |
The Company will participate in a project to establish an AI R&D environment and foster the domestic AI computing ecosystem through the establishment of a public-private joint SPC |
|
Terms and conditions |
- Upon establishment in May 2026, the National AI Computing Center (tentative name) will be incorporated as an affiliate and a related party. Accordingly, this matter is subject to Board approval and public disclosure. - The Company plans to invest a total of KRW 120 trillion in two tranches during the period from May 2026 to January 2027 - The transaction value refers to the total investment amount, including both the initial capital contribution upon the SPC's establishment and any additional capital contributions made through subsequent paid-in capital increases after establishment - The above is subject to change depending on the progress of the transaction |
Other Information:
ž Number of Independent Directors present at the Board of Directors meeting: 5
ž Attendance of Audit Committee: Y