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On October 30, 2026, Samsung Electronics Co., Ltd. announced that its Board of Directors approved an off-market acquisition of an equity interest in TCL China Star Optoelectronics Technology Co., Ltd. from affiliate Samsung Display Co., Ltd. The transaction is valued at USD 960,372,346.7 (KRW 1,271,821 million) with a scheduled payment date in December 2026. Following the acquisition, Samsung Electronics will hold a 10.16% ownership percentage in TCL China Star Optoelectronics Technology Co., Ltd.
| Date | 30 Oct 2026 |
| Time | 08:08:13 |
| Category | Miscellaneous |
| ID | 1636B |
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on October 30, 2026, announced that its Board of Directors has authorized the following related-party transactions with affiliated companies.
1. Acquisition of Shares from Samsung Display Co., Ltd.
(Unit: KRW million)
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1. Counterparty |
Samsung Display Co., Ltd.
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Relationship with the Company |
Affiliate |
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2. Brokerage institution |
- |
Relationship with the Company |
- |
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3. Issuing company of shares to be acquired |
TCL China Star Optoelectronics Technology Co., Ltd. |
Relationship with the Company |
Non-affiliate |
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4. Details of acquisition |
a. Number of shares to be acquired |
- |
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b. Acquisition amount |
1,271,821 |
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c. Acquisition price per share (KRW) |
- |
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d. Number of shares held after acquisition |
- |
Ownership Percentage After Acquisition (%) |
10.16 |
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e. Transaction date |
December 2026 |
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5. Purpose of acquisition |
To strengthen strategic cooperation
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6. Method of acquisition |
Off-market acquisition
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7. Date of Board Resolution |
October 29, 2026 |
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8. Other information |
- This transaction involves the acquisition by Samsung Electronics Co., Ltd. of the equity interest in TCL China Star Optoelectronics Technology Co., Ltd. currently held by Samsung Display Co., Ltd. - In Item 4 above, details of acquisition, (a) number of shares to be acquired, (c) acquisition price per share (KRW), and (d) number of shares held after acquisition are not provided, as the issuing company of the shares to be acquired is a limited liability company under Chinese law. - The acquisition amount (b) under Item 4 is USD 960,372,346.7, converted into KRW using the Seoul Money Brokerage Services' base exchange rate of KRW 1,324.30/USD on October 28, 2026, the day before the Board resolution. The amount may change depending on the exchange rate at the time of payment. - The transaction date under Item 4(e) refers to the scheduled payment date for the transaction. - The above information is subject to change during the course of the transaction. |
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※ Date of related disclosure |
- |
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Other Information:
ž Number of Independent Directors present at the Board of Directors meeting: 5
ž Attendance of Audit Committee: Y
* Note: Pursuant to the Korea Fair Trade Act, a donor is required to disclose its donation to charitable organizations if such donation amount exceeds KRW 10 billion and the recipient is an affiliated entity of the donor.