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Charitable Contribution

1st Dec 2020 07:00

RNS Number : 0720H
Samsung Electronics Co. Ld
01 December 2020
 

Charitable Contribution

 

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on November 30, 2020 authorized the following contribution.

 

Contribution to the United Nations Development Programme (UNDP)

- As a part of our partnership with the UNDP and engagement in the United Nation's effort to achieve

The Global Goals*, SEC will make a charitable contribution sourced from the proceeds of our user-

participation sustainability platform, Samsung Global Goals, 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 1,421,154 (KRW 1,570.37 million1))

Recipient

United Nations Development Programme

Other Information

- During each year of the partnership, the contribution amount is

calculated based on the proceeds of the twelve-month period

from November 1-October 31, although timing of the contribution

is subject to change.

- This year's contribution includes proceeds from Samsung Global

Goals between August 7, 2019-October 31, 2020

1) Based on closing rate on November 27, 2020 (USD/KRW of 1,105)

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