Samsung Electronics to Stop Using Paper for Annual General Meeting Mailings..."Protecting 3,000 Trees"

"Save 35 Million Sheets of Paper by Fully Replacing Electronic Notices"

Samsung Electronics announced on the 9th that it will completely replace the mailings for this year's regular shareholders' meeting with electronic notices. This is part of its ESG (Environmental, Social, and Governance) management activities. It is expected to save 35 million sheets of paper and protect 3,000 trees of 30-year-old timber.

Samsung Electronics decided to incorporate ESG into the 54th regular shareholders' meeting to be held on the 15th. Mailings such as attendance cards, notices of convocation, and shareholder communications have been replaced with electronic notices on the Financial Supervisory Service's electronic disclosure system and the company's own website. No paper will be used.

The number of mailings sent to small shareholders was reduced to 7 sheets per shareholder in 2021. Last year, it was simplified to attendance cards and brief guides. This year, all have been changed to electronic notices. The company utilized the Commercial Act provision that allows replacing convocation notices with electronic notices when notifying shareholders holding less than 1% of the total issued shares.

Samsung Electronics plans to introduce major ESG activities at the shareholders' meeting venue. They will set up an 'Eco Package' assembly space that upcycles product packaging boxes into everyday items.

Shareholders who cannot attend the meeting can exercise their voting rights on each agenda item via electronic voting through the Korea Securities Depository's electronic voting system by 5 p.m. on the 14th. Online streaming can be applied for on Samsung Electronics' shareholders' meeting website by 5 p.m. on the 14th.