Correction of Supply Contract with LG Display: Period Extended, 14.3B KRW Deal Unchanged, Audit Qualification Risk Remains
Reason for correction: Due to customer LG Display's payment schedule change, the contract end date extended by 17 days from 2026-06-01 to 2026-06-18
Contract size: Fixed contract amount 14.3B KRW (8.69% of 2023 sales of 164.5B KRW) unchanged, for display panel manufacturing process equipment
Contract terms: 90% progress payment, 10% balance, no advance payment. Counterparty LG Display (2024 sales 26.6T KRW) has performed similar contracts in recent 3 years
Investment risk: The company received a non-qualified audit opinion for 2024 (adverse opinion), raising concerns about financial health. This correction is merely an extension of an existing disclosure, no new order effect
[AI Summary]This correction is merely a schedule adjustment of an existing order with no change in size or terms, thus limited direct impact on stock price. However, the fundamental risk of a non-qualified audit opinion persists, warranting investor caution.
KOSDAQ Filing Information
Filing: [Correction Of Description] Conclusion Of Single Sales And Supply Agreement (Voluntary Disclosure)