Termination of Secondary Battery High-Speed Stacking Equipment Supply Contract (Contract Value 20.6B KRW, 17.2% of Sales)

Termination of supply contract for secondary battery high-speed stacking production line equipment signed in March 2025, at request of counterparty (North American battery company)
Termination amount of 20.6B KRW (USD 14.02M) represents 17.2% of recent annual sales (119.9B KRW)
Advance payment of 5.3B KRW (USD 5.32M) is non-refundable; approved performance prior to termination notice will be compensated
Contract period 2025-03-26~2029-02-01, termination date 2026-04-30