Strengthening Board Independence and Transparency -- Chun Young-hyun Vice Chairman Officially Appointed as Representative Director

Samsung Electronics announced at the board meeting held immediately after the 56th Regular General Shareholders Meeting on March 19 that outside director Shin Je-yoon was elected as new board chairman. Chairman Shin becomes the third outside director-origin chairman of the Samsung Electronics board, following Park Jae-wan in 2020 and Kim Han-jo in 2022. Samsung Electronics has been appointing outside director-origin chairmen since 2020, following the separation of board chairman and representative director positions in 2018. With the appointment of Shin Je-yoon as board chairman again, it is expected that board independence and management transparency will be further strengthened. Chairman Shin Je-yoon: former Chairman of the Financial Services Commission (Korea financial regulatory authority); former President of Korea Development Bank; extensive experience in global financial markets; brings financial expertise and regulatory perspective to the Samsung Electronics board. Simultaneously, the shareholders meeting formally approved Chun Young-hyun (DS Division Head, Vice Chairman) as co-Representative Director alongside Han Jong-hee (DX Division Head, Vice Chairman) -- formalizing the dual-CEO structure that has been operating since the Jay Y. Lee management restructuring.