FADU completes receipt of payment for 14.48B KRW enterprise SSD controller supply contract, lifting disclosure deferral… contract concluded normally
FADU disclosed on May 28, 2026, via a corrective filing that it has fully received payment for an enterprise SSD controller supply contract with a foreign NAND flash memory manufacturer, originally signed on November 10, 2025. Contract value: 14.48B KRW (33.28% of 2024 consolidated revenue).
The initial disclosure deferral period was until June 1, 2026, but has now been lifted as the client's request for non-disclosure due to business secrets is no longer applicable after payment completion.
The contract end date was defined as the date of payment receipt; payment has been received as of the filing date, confirming normal contract conclusion.
Contract amount was USD 9,956,000 at the exchange rate of 1,454.00 KRW/USD as of November 10, 2025. Payment terms were 60 days after product delivery; production was outsourced.
The counterparty has a history of similar contracts with FADU in the last 3 years. In case of cancellation, the buyer must pay the lesser of 0.5% of the canceled amount or direct costs that cannot be mitigated by the supplier.
[AI Comprehensive Analysis]This filing is a routine correction confirming payment receipt and lifting of disclosure deferral for an already announced contract. It does not introduce new revenue or contract terms, thus having limited impact on share price. The removal of uncertainty is mildly positive, but the information was already priced in.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract