SEOHEE CONSTRUCTION Extends Debt Guarantee Maturity for Pyeongtaek Hwayang District, Total Guarantee Balance Reduced to 2.31 Trillion KRW, Contingent Liability Risk Eased

Correction disclosure: SEOHEE CONSTRUCTION extended the maturity of debt guarantee for Pyeongtaek Hwayang District Local Housing Association from July 31, 2026 to November 30, 2026 (4 months extension)
Total guarantee balance significantly decreased from 5.14 trillion KRW to 2.31 trillion KRW (approx. 55% reduction), reducing contingent liability burden and positive for shareholder value
This guarantee amounts to 199.87 billion KRW, representing 29.97% of equity capital (666.97 billion KRW). It is a joint guarantee for interim loans as the constructor
Other major guarantees: Yeokbuk Local Housing Association 222.2 billion, Pyeongtaek Jinwi 270 billion, Icheon Anheung 368 billion KRW, etc.
Investment risk: Construction industry project delays could trigger guarantee obligations, but total balance reduction lowers overall risk
[AI Summary]SEOHEE CONSTRUCTION's total debt guarantee balance decreased by approximately 2.7 trillion KRW (55%↓), significantly easing contingent liability burdens, which is expected to improve financial health and positively impact shareholder value. However, the maturity extension of individual projects may indicate potential construction delays, requiring ongoing risk monitoring.