Extension of FPD Equipment Supply Contract with LG Display (KRW 25.1B) with No Change in Terms
ICD Co., Ltd. announced an amendment to its single sale/supply contract with LG Display for FPD manufacturing equipment, extending the contract end date from June 16, 2026 to July 31, 2026.
The total contract value (KRW 25.1 billion), representing 17.0% of 2024 revenue, and key terms such as payment conditions (30% advance, 60% milestone, 10% balance) remain unchanged.
The reason for the amendment is a change in delivery schedule agreed with the customer (LG Display), resulting in a simple timeline adjustment without any impact on contract size or profitability.
[AI Summary]This disclosure reflects a routine schedule adjustment for an existing large equipment supply contract with LG Display. As the contract value and terms are unchanged, the impact on shareholder value is neutral, though the ongoing relationship with a key client is a positive signal.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract