Decision on Debt Guarantee for Subsidiary (Guarantee Amount 64.67 Billion Won, 5.92% of Equity)
DAEHAN SHIPBUILDING decided to jointly guarantee the permit guarantee insurance debt of its wholly-owned subsidiary HAENAM HWAWON INDUSTRIAL COMPLEX DEVELOPMENT (Guarantee amount: 64.67 billion won, with Seoul Guarantee Insurance).
Guarantee amount of 64,667,405,565 won represents 5.92% of DAEHAN SHIPBUILDING's equity (1,092,384,070,191 won).
Guarantee periods: Forest recovery permit guarantee 2026-04-30~2029-12-31; Public water surface restoration permit guarantee 2026-05-29~2028-12-31.
This guarantee is a performance bond for permits, not a cash loan, so no actual cash outflow is expected.
Subsidiary's financial condition: Total assets 2.62 billion won, equity 132 million won, no revenue, net income 100 million won (previous year net loss 19 million won).
Board resolution on 2026-04-28, attended by all 3 outside directors.