July 22, 2000 in Social Responsibility News

Voluntary Disclosure



1. Target company
- Name: Samsung Motors
- Relationship to Samsung Electronics: Affiliate
- Shareholders’ equity: KRW 805,411,310,000
- Shares outstanding: 161,082,262
- Business area: Car manufacturing and sale
2. Liquidation details
- Disposal amount: Non
- Disposal shares: 64,465,951 shares
- Ownership after the disposal (shares, %): Non
- Liquidation date: October 26, 2000
- Purpose: To win a shareholder approval of the liquidation
- BOD resolution date: July 21, 2000
3. Others
The shares of Samsung Motors will be retired once the court approves the liquidation plan (The loss is reflected on the FY 99 financial statements).
Debt relief: KRW 14.8 billion


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