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Last checked at 
4 Nov 2016 09:05
Spin-off Completion Report
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β . Timeline
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Event | Date | |
Resolution of Board of Directors | 09/12/2016 | |
Issue of Spin-off report | 09/12/2016 | |
Submission of Decision on Spin-off Report | 09/12/2016 | |
Finalizing the shareholder list | 09/28/2016 | |
Closure of Share transfer book | Start date | 09/29/2016 |
End date | 10/04/2016 | |
Extraordinary General Meeting of Shareholders for the approval of Spin-off report | 10/27/2016 | |
Spin-off | 11/01/2016 | |
General assembly of corporate division report and inaugural meeting | 11/02/2016 | |
Spin-off registration | 11/04/2016 | |
(Note) The general assembly of corporate division report or inaugural meeting provided above was replaced
with the notice and resolution of Board of Directors.
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β ‘. Change in stock or ratio of shares owned by major shareholders
Not applicable as this transaction constitutes a straight spin-off
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β ’. Appraisal rights of shareholders
Not applicable as this transaction constitutes a straight spin-off
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β £. Protection of creditors
According to Paragraph 1 of Article 530-9 of the Commercial Act, Samsung Electronics Co., Ltd.
(hereinafter referred to as "the Company"), and S-Printing Solution Co., Ltd. (hereinafter referred to
as "the New Corp.") shall be jointly liable for liabilities of the Company that existed prior to spin-off.
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β €. Relevant lawsuits
As of the date of this report, no lawsuits that can affect the validity of the spin-off have been filed.
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β ₯. New shares allotment
As this transaction constitutes a straight spin-off, 100% of the shares issued by the New Corp were
allotted to the Company.
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β ¦. Pre/Post Spin-Off Financial Position
Pre/Post Spin-Off Financial Position (June 30, 2016)
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(Unit:KRW million)
Item | Pre spin-off | Post spin-off | |
Surviving entity | New entity | ||
I. Assets | 163,313,133 | 163,103,998 | 347,658 |
1. Current assets | 65,317,792 | 65,070,212 | 247,580 |
2. Non-current assets | 97,995,341 | 98,033,786 | 100,077 |
II. Liabilities | 30,303,810 | 30,094,675 | 209,135 |
1. Current liabilities | 26,742,315 | 26,613,443 | 128,872 |
2. Non-current liabilities | 3,561,495 | 3,481,232 | 80,263 |
III. Equity | 133,009,323 | 133,009,323 | 138,523 |
1. Equities | 897,514 | 897,514 | 50,000 |
2. Share premium | 4,403,893 | 4,403,893 | 88,523 |
3. Retained earnings | 138,556,832 | 138,556,832 | -γ |
4. Other components of equity | -10,848,916 | -10,848,916 | -γ |
(Note) The above figures are based on the financial position as of June 30, 2016 and can be adjusted in
accordance with business circumstances by the date of spin-off.
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