Contract with Lotte Shopping for Firefighting Mechanical Works Adjusted Upward by 189 Million KRW and Extended, Limited Impact on Shareholder Value
WOOJIN I&S disclosed a correction to its contract with Lotte Shopping for 'Firefighting Mechanical Works for New eGrocery 1st CFC New Construction' due to completion of settlement, adjusting the amount and period
The contract amount increased by 189 million KRW (2.3%) from 8.248 billion KRW to 8.437 billion KRW, representing 8.42% of 2023 consolidated sales (100.169 billion KRW)
The contract period was clarified from an unspecified end date to June 30, 2026, resolving schedule uncertainty
Payment terms remain based on progress billing with no advance payment
This adjustment is a routine settlement within the existing contract scope, not a new order or funding event, thus having limited direct impact on shareholder value
[AI Summary]This disclosure is a routine amendment to an existing construction contract due to settlement, with a slight increase in contract size but within the original project scope, and is assessed as not materially affecting shareholder value
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract