Exhibit 1.01
Conflict Minerals Report
For the Year Ended December 31, 2023
Snap Inc. has included this report as an exhibit to its Form SD for the year ended December 31, 2023 to comply with Rule 13p-1 under the Securities Exchange Act of 1934, as amended (the Exchange Act), and Form SD (collectively, the Conflict Minerals Rule).
Unless the context indicates otherwise, all references to Snap, the company, we, its,
us, and our refer to Snap Inc. and its consolidated subsidiaries. As used in this report, and consistent with the Conflict Minerals Rule, conflict minerals or 3TG are cassiterite, columbite-tantalite
(coltan), gold, wolframite, and their derivatives tantalum, tin, and tungsten, without regard to their location of origin.
Forward-Looking Statements
This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Exchange Act that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this report are forward-looking statements. Examples of forward-looking statements include,
but are not limited to, statements concerning the additional steps that we intend to take to mitigate the risk that our necessary 3TG finance or benefit armed groups in the Democratic Republic of the Congo (the DRC) or its adjoining
countries (collectively, the Covered Countries). In some cases, you can identify forward-looking statements because they contain words such as anticipate, believe, contemplate, continue,
could, estimate, expect, going to, intend, may, plan, potential, predict, project, should, target,
will, or would or the negative of these words or other similar terms or expressions. We caution you that the foregoing may not include all of the forward-looking statements made in this report. Actual results may not
materialize and are subject to risks and uncertainties that could cause actual results to be materially different. These risks and uncertainties may include, but are not limited to, (1) whether our direct and indirect suppliers implement
satisfactory traceability and other compliance measures on a timely basis or at all; (2) whether smelters and refiners (collectively, SORs), and other market participants, responsibly source 3TG; and (3) political, regulatory,
and economic developments, whether in the Covered Countries, the United States, or elsewhere. We operate in a competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to
predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this report. Any forward-looking statements contained in this report are based on assumptions that we believe to be reasonable as of this
date. We undertake no obligation to update any forward-looking statements in this report to reflect events or circumstances after the date of this report or to reflect new information or the occurrence of unanticipated events, except as required by
law.
Overview; Applicability of the Conflict Minerals Rule to Snap
Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We
contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. Our flagship product, Snapchat, is a visual messaging application that enhances your relationships with
friends, family, and the world.
We generate substantially all of our revenue from advertising on Snapchat. In 2023, the only products
that were in-scope for purposes of the Conflict Minerals Rule were our Spectacles products, which are wearable devices that connect seamlessly with Snapchat and capture photos and videos from a human
perspective (the Products). The Products include each of the 3TG.
The Products are manufactured by third parties on our
behalf. Accordingly, we do not source 3TG in raw form, do not have relationships with mines or SORs, and believe that we are many levels removed from these market participants. However, through the efforts described in this report, we seek to ensure
that our sourcing practices are consistent with our Conflict Minerals Policy, which is described below, and to encourage responsible sourcing of 3TG by our supply chain.
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