Shareholders approve all agenda items including financial statements, appointment of director, and director remuneration limit
The company pledges to complete development of the next-generation prismatic battery and strengthen technological competitiveness by investing in new technologies for all solid-state, 46-series and LFP batteries
Efforts promised to raise shareholders' value with competitive edge in technology gained through latest rights offering
SEOUL, Korea – March 19, 2025 – SAMSUNG SDI today announced that it held the 55th Annual General Meeting of Shareholders in Seoul, attended by individual shareholders, institutional investors, and the company's top management including Joo Sun Choi, president who was named as the new chief executive officer, and Jong-sung Kim, chief financial officer who chaired the Board of Directors.
The Board of Directors passed all four agenda items, including approval of the financial statements, appointment of Joo Sun Choi as an executive director, approval of the remuneration limit for directors, and amendments to the articles of association.
Among them, the Board approved the agenda to officially appoint Choi as a new executive director. Choi served as the head of DRAM Development Center at SAMSUNG Electronics Memory Business, head of Device Solutions division in the America office, and the president and CEO of SAMSUNG Display before being appointed president of SAMSUNG SDI at the end of last year.
[President and CEO of SAMSUNG SDI Joo Sun Choi]
The Board also approved to set the total remuneration limit at KRW 10 billion. SAMSUNG SDI explained, "Last year, the company paid KRW 5.5 billion out of the KRW 12 billion limit for directors' remuneration, and has curtailed the limit by KRW 2 billion for 2025, given the uncertain internal and external business conditions."
At the 55th shareholders' meeting, the company announced, "SAMSUNG SDI will complete development of P7, the next-generation prismatic battery, this year, and launch 46-series cylindrical batteries starting the first quarter as part of efforts to strengthen its market competitiveness."
"The company will also enhance its technological leadership by executing investments for new products including All Solid Battery, 46-series and LFP products," it added.
As for the March 14 announcement on the rights issue, SAMSUNG SDI said, "The decision was made as the company prioritizes achieving a stable financial structure to stabilize operations and expansions of its businesses."
Furthermore, the company underscored it will make efforts to continue innovating technologies and secure global production capacity to prepare for the forthcoming supercycle.
SAMSUNG SDI also announced strengthening technological competitiveness, increasing sales and orders, innovating the cost structure as its three key strategies this year. "Based on a stable financial structure to be built through stock offering, the company will implement those strategies successfully," it said. "The company will work hard to realize the vision of making the world greener and sustainable through innovative technology and increase shareholders' value."
SAMSUNG SDI has been accommodating shareholders who are unable to attend the general meeting in person by establishing an online voting system and offering live streaming since 2021. In addition, the company has replaced mailed announcements with e-mail notifications and made dividend information available on the company's website and mobile devices as part of efforts to support ESG management initiatives.
