Completion of 29.7B KRW Supply Contract with LG Energy Solution Michigan, Slight Contract Amount Reduction and Settlement Finalized
CK Solution disclosed the termination of its facility construction contract with LG Energy Solution Michigan (ESMIL BP2-1 NND+Cell+FA Line #2 UT+Process Installation) as of May 31, 2026.
The contract amount decreased from 29.89B KRW to 29.74B KRW (USD from 21,479,275 to 21,368,914.16 due to exchange rate changes), representing 10.06% of 2024 sales.
Payments were made based on progress, with an advance payment. Settlement appears finalized upon project completion.
No further profit/loss impact is expected as most revenue was likely recognized earlier; limited new stock price catalyst.
[AI Summary]This filing is a routine report on the normal completion and adjustment of a large overseas supply contract. Its direct impact on existing shareholder value is limited, and it is assessed as a neutral event.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract