SAMIL C&S Amends Contract with DL E&C for Yangsan Line Section 3, Contract Amount Slightly Reduced and Period Extended

SAMIL C&S entered into an amendment to the construction contract for the Yangsan Line Nopo~Bukjeong Section 3 with DL E&C.
The amended contract amount decreased from approximately 17.1 billion KRW to 16.7 billion KRW, a reduction of about 0.39 billion KRW, and the contract end date was extended from April 30, 2026 to May 31, 2026, a one-month extension.
This contract modification involves a minor adjustment in amount and schedule, limiting its impact on the company's liquidity or shareholder value.
The counterparty, DL E&C, is a major domestic construction firm with strong creditworthiness, indicating low counterparty risk.
[AI Summary]The contract amendment between SAMIL C&S and DL E&C for the Yangsan Line project is a minor adjustment reducing the contract amount by 2.3% and extending the period by one month. This represents only a routine change in an existing order worth 7.57% of revenue. No material impact on shareholder value is expected, and no capital changes or shareholder return policies are involved.