Samsung Electronics Q2 Earnings Call Q&A Q. Is Samsung considering an ADR listing? An ADR listing would go beyond simply listing shares in an overseas market, potentially providing benefits such as access to capital and a broader investor base. However, it would also require a comprehensive assessment of factors including additional disclosure and operational burdens. ADRs involve a limited portion of a company’s shares being traded in a separate market, which could create valuation discrepancies between the ADRs and the underlying shares depending on liquidity and supply-demand conditions. We must carefully assess whether such a move would benefit all shareholders who have placed their trust in the company and invested in it over the long term. Given our cash-generation capabilities supported by a diversified business portfolio, the need for an ADR listing is currently not particularly high. Although some media reports have raised the possibility of a U.S. listing, we are not currently considering issuing ADRs. That said, from a mid- to long-term perspective, we remain open to considering it as one of various potential options. Q. Could you provide an update on major foundry customers? Regarding the Foundry Business’s advanced-node order activity in the second quarter, we secured 2nm projects from a major CSP customer and HPC customers. These customers have begun product design work. We are also discussing projects with major customers, including Broadcom, and discussions regarding advanced-node orders are expanding. Building on this order momentum, we expect the number of 2nm projects secured in 2026 to more than double year over year.