Chinhung International Corrects Contract Amount Upward for Dasa-Waegwan Road Construction

Chinhung International corrected its previous single sale and supply contract disclosure on June 5, 2026, increasing the contract amount for the Dasa-Waegwan road construction from KRW 68,396,124,840 to KRW 68,497,110,780, a rise of approximately KRW 101 million. This amount represents the company's 55.84% share of the total project cost of KRW 122,676,400,000 and corresponds to 12.53% of its 2019 individual revenue of KRW 546,534,147,300.
The counterparty is the Public Procurement Service with the demand agency being Daegu Metropolitan City Construction Headquarters, both credible government entities. The contract was signed in June 2020 and is scheduled to end in December 2027, with possible adjustments in amount and duration during construction.
This disclosure involves no capital changes or share issuance; it is merely a minor adjustment to an existing order. As such, there is no dilution risk for existing shareholders. However, investors should consider the potential for additional costs related to the construction.
[AI Summary]Chinhung International's correction notice reflects a minor upward adjustment to an existing road construction contract, with no change in share count or capital structure, thus limited direct impact on shareholder value. The counterparty is a government entity with low credit risk, but the long-term nature and possible further changes warrant monitoring.