Choi Juseon, President of Samsung SDI, Purchases 1,000 Shares of Company Stock to "Enhance Shareholder Value"

On the Day of Official Appointment as CEO
"Commitment to Responsible Management and Enhancing Shareholder Value"

Choi Ju-seon, CEO of Samsung SDI, purchased approximately 190 million KRW worth of company shares.

On the 20th, Samsung SDI announced through the Financial Supervisory Service's electronic disclosure system that CEO Choi acquired 1,000 shares of the company on the 19th, the day he was officially appointed as CEO through the regular shareholders' meeting and board of directors. The acquisition price was 191,500 KRW per share, totaling 191.5 million KRW.

Choi Juseon, President of Samsung SDI. Photo by Samsung SDI

The company stated regarding this share purchase, "The immediate acquisition of company shares on the day of official appointment as CEO is a strong expression of commitment to responsible management and enhancing shareholder value," adding, "We will continue efforts to secure mid- to long-term growth potential."

Earlier, on the 14th, Samsung SDI held a board meeting and resolved to raise 2 trillion KRW through a rights offering to secure funds for facility investments. The rights offering, conducted through a shareholder allocation followed by a general public offering of unsubscribed shares, involves 11,821,000 shares, representing a 16.8% increase. The company plans to use the funds raised through this rights offering for investments in the joint venture with General Motors (GM) in the United States, expanding production capacity at the Hungary plant, and investing in solid-state battery line facilities.

However, some shareholders are opposing, stating that Samsung SDI's stock price has significantly declined over time and is unlikely to recover quickly, raising concerns about dilution of their equity value due to the large-scale rights offering.

On the 17th, the Financial Supervisory Service designated Samsung SDI as the first subject for focused review of the rights offering. At a recent press briefing, Kim Bok-hyun, Governor of the Financial Supervisory Service, expressed a positive view of Samsung SDI's investment case and stated the intention to conduct a swift review and processing.