Dongbu Corporation Increases Contract with Korea Land and Housing Corporation for Incheon Geomdan Apartment Construction to 169.1 Billion KRW, Strengthening Revenue Growth and Order Backlog

Dongbu Corporation has amended its contract with Korea Land and Housing Corporation for the Incheon Geomdan AA-21BL Apartment Construction Project, increasing the contract amount from 164.9 billion KRW to 169.1 billion KRW.
The total project value is 211.3 billion KRW with Dongbu's share at 80%, reflecting expanded construction scope.
The counterparty is a state-run enterprise with high creditworthiness, ensuring stable payment collection.
This order represents approximately 13.9% of Dongbu's annual revenue, contributing positively to future financial performance.
[AI Summary]Dongbu Corporation secured a stable revenue base by increasing its large-scale contract with highly credible LH. No capital dilution occurs, and profitability improvement is expected, positively impacting stock price. However, the project runs until 2026, requiring long-term execution.