Disclosure Hold Lifted as Payment Received... Contract for SSD Controller Supply to Overseas NAND Manufacturer Fulfilled
FADU confirmed on May 27, 2026, through a corrective disclosure that payment has been fully received for the enterprise SSD controller supply contract (contract amount: 12.25B KRW) signed with an overseas NAND flash memory manufacturer in December 2025.
The original disclosure hold period was until June 1, 2026, but it has been lifted due to the completion of payment receipt.
The contract amount represents 28.17% of FADU's 2024 consolidated revenue (43.5B KRW), which is expected to positively affect operating cash flow.
While the counterparty's identity is undisclosed due to business confidentiality, the contract includes penalty clauses (0.5% of cancelled amount or lower of direct costs) to limit transaction risk.
[AI Comprehensive Analysis]This corrective disclosure removes uncertainty by confirming the successful fulfillment and payment collection of a previously signed large supply contract. However, given FADU's market cap of approximately 5.58T KRW, the contract size is relatively small, limiting its impact on the stock price. Future order wins will be a more critical factor for enterprise value.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract