[Chairman Lee Kun-hee's Passing] Compliance Oversight Committee "Will Strive to Establish Samsung's Compliance Culture"

[Asia Economy Reporter Ki-min Lee] The Samsung Compliance Committee expressed its condolences regarding the passing of Samsung Electronics Chairman Lee Kun-hee.

On the 26th, the Compliance Committee stated, "We sincerely pray for the repose of the deceased and deeply comfort the grief of Vice Chairman Lee Jae-yong and all the bereaved family members."

The committee added, "We believe that Samsung soaring higher as a top-tier global company is the true legacy left by Chairman Lee Kun-hee, and it is also likely the wish of many who have received the news of his peaceful passing. To achieve this, the establishment of a desirable compliance culture at Samsung is essential, which we also consider a task left by Chairman Lee Kun-hee."

Furthermore, they emphasized, "We will continue to fulfill our given duties so that the late chairman’s will can be genuinely realized, serving as a pillar of support."

Meanwhile, the Compliance Committee is a compliance oversight body newly established by Samsung in February this year, following Vice Chairman Lee’s acceptance of the recommendation from the retrial court.

Samsung Electronics Chairman Lee Kun-hee passed away at 3:59 a.m. on the 25th at Seoul Samsung Hospital in Irwon-dong, Seoul, at the age of 78.