Winning Busan Myeongjang Park Apartment Construction Contract (approx. 523.4 billion won)

Won a construction contract for apartment and neighborhood living facilities in Ban-dong, Haeundae-gu, Busan (contract amount: 523.4 billion won).
Approximately 3% of 2025 consolidated revenue (revenue: 170.578 trillion won).
Contract period: Sep 30, 2026 ~ Dec 30, 2030 (51 months from actual start date).
Counterparty: Jeongsang City Park Co., Ltd. (not a related party).
Payment terms: Billed and paid according to construction progress (no down payment or advance payment).
Contract amount and period may change during construction.