Long-term Charter Agreement Signed with B INTERNATIONAL SHIPPING & LOGISTICS DMCC for KRW 257.1 Billion

Long-term charter agreement (service provision) signed with B INTERNATIONAL SHIPPING & LOGISTICS DMCC
Contract value: KRW 257,144,936,347 (45.80% of latest sales of KRW 561,395,196,426)
Annual equivalent approx. KRW 36.7 billion (6.54% of sales)
Contract period: 2029-08-31 to 2036-08-31 (7 years)
Payment: monthly settlement (prepaid), no down payment or advance
Applied exchange rate: KRW 1,476.10/USD (initial announcement rate on 2026-04-30)
Contract date: 2026-04-30
Start/end dates may vary based on vessel delivery schedule; estimated amount may change due to business environment