RNS Number : 5674M
Samsung Electronics Co. Ld
30 April 2024
 

Transaction with Affiliate Company

 

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on April 30, 2024

announced that its Board of Directors has authorized following related-party transaction

with an affiliated company.

 

Trademark License Agreement

-    Grant trademark license to Samsung Biologics

 

□ Major Transaction Terms

Transaction Item

License fee for use of trademark

Transaction Date

May 10, 2024

Transaction Period

February 1, 2024-January 31, 2027

Transaction Value

KRW 28,244 million

(total transaction value: KRW 28,244 million)

Other information

- The transaction date is the date on which the trademark license agreement with

 Samsung Biologics will be executed.

- Transaction period is the term of the trademark license agreement.

- The transaction value is an estimate and may change in accordance with

 Samsung Biologics revenue.

* The license fee is set at 0.5% of Samsung Biologics' revenue (excluding

  revenue or purchases not related to the use of trademark) and shall be paid

  every year during the transaction period.

Other Information:

ž Number of Independent Directors Present at the BOD Meeting: 6/6

ž Attendance of Audit Committee: Y

 

※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose

   its financial and real estate transactions in the event the value of such a transaction is greater than or equal to

   KRW 10 billion and the counterparty is a financial affiliate of the party required to make the disclosure.



 

Transaction with Affiliate Company

 

Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on April 30, 2024

announced that its Board of Directors has authorized following related-party transaction

with an affiliated company.

 

Trademark License Agreement

-    Grant trademark license to Samsung Bioepis

 

□ Major Transaction Terms

Transaction Item

License fee for use of trademark

Transaction Date

May 10, 2024

Transaction Period

February 1, 2024 - January 31, 2027

Transaction Value

KRW 12,843 million

(total transaction value: KRW 12,843 million)

Other information

- The transaction date is the date on which the trademark license agreement with

 Samsung Bioepis will be executed.

- Transaction period is the term of the trademark license agreement.

- The transaction value is an estimate and may change in accordance with

 Samsung Bioepis revenue.

* The license fee is set at 0.5% of Samsung Bioepis' revenue (excluding

  revenue or purchases not related to the use of trademark) and shall be paid

  every year during the transaction period.

Other Information:

ž Number of Independent Directors Present at the BOD Meeting: 6/6

ž Attendance of Audit Committee: Y

 

※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose

   its financial and real estate transactions in the event the value of such a transaction is greater than or equal to

   KRW 10 billion and the counterparty is a financial affiliate of the party required to make the disclosure.

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