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Company 2020.03.18

The 47th Annual General Meeting of Shareholders


At 9:00am on the 18th, Samsung Electro-Mechanics hosted its 47th General Shareholders' Meeting at the L Tower in Yangjae-dong, Seoul.


This General Shareholders' Meeting was carried out under a calm ambience for approx. 40 minutes, and despite the impact of COVID-19, many individual shareholders attended the meeting.


In order to prevent the spread of COVID-19, Samsung Electro-Mechanics installed fever detectors and hand sanitizers in various locations at the shareholders’ meeting, and the distance between seats was also widely spread out. Furthermore, various preventative measures were carried out, including measuring the body temperature of shareholders and checking whether they had their masks on.


On this day of the General Shareholders' Meeting, the matters to report and agendas for consideration were approved without modifications. In the case of the appointment of directors, directors Kim Joonkyung and Yuh Yoonkyung were newly appointed as external directors, and the agenda to reappoint current director Yoo Jibeom was also approved. Previous directors Kwon Taekyun and Choi Hyunja resigned their positions as external directors due to expiration of their terms. As for internal directors, President Kyung Kyehyun and Kang Bongyong, Vice President and Head of Business Support Dept., were newly appointed. The dividend amount was set to KRW 1,100 for the common share and KRW 1,150 for the preferred share, amounting to a total dividend payment of KRW 83.2 billion, which is a 10% increase compared to the KRW 75.7 billion in 2018.


On this day, former president Lee Yuntae revealed in his opening speech, "Although we expect difficulties ahead in the business environment due to global economic issues and the acceleration of protectionism, with our expansion of new AI/Big Data technologies and the implementation of 5G, we anticipate the occurrence of a technological variation point and growth in relevant markets.”


Samsung Electro-Mechanics promised to its shareholders to restructure its business to focus on the core components necessary for next-generational technology that will lead the 4th industrial revolution and, based on differentiated technological advantages and the best manufacturing capabilities, generate exceptional business results.


On the one hand, in the Board of Directors Meeting that took place right after the General Shareholders' Meeting, Samsung Electro-Mechanics appointed External Director Kim Yongkyun as its Chairman of the Board of Directors and President Kyung Kyehyun as CEO. In order to strengthen the independence of its Board of Directors and carry out responsible business management, Samsung Electro-Mechanics has been appointing an external director as the Chairman of the Board of Directors since 2016. 

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