Decision on Debt Guarantee for Subsidiary ECOPLASTIC AMERICA Corp. (KRW 29.522B to Nonghyup Bank)
Purpose: Debt guarantee for subsidiary ECOPLASTIC AMERICA Corp.'s new factory construction funding for Hyundai Motor's Georgia EV plant bumper supply (Nonghyup Bank, $20M, KRW 29.522B, 8.2% of equity)
Guarantee period: 2026-05-10 to 2027-05-10, total guarantee balance: KRW 475.185B
Subsidiary's financials (2025): Assets KRW 427.988B, Liabilities KRW 412.407B, Equity KRW 15.581B, Net loss -KRW 28.175B (audit opinion unqualified)
This guarantee is an extension of a previous guarantee disclosed on May 7, 2025