Alchera Corrects Contract Amount for Incheon Airport Smart Pass from 2.17B KRW to 738M KRW Reflecting Received Funds

Alchera corrected its previously announced contract amount for the Incheon Airport Smart Pass second phase face recognition sub-system supply from 2.17 billion KRW to 737.8 million KRW, reflecting the amount received to date.
The counterparty is Securuns Inc. and the contract period runs from May 2023 to September 2025 with 34% advance payment and 66% balance upon final inspection. The corrected amount equals 6.65% of 2022 consolidated sales of 11.09 billion KRW.
This correction does not involve any change in equity or new share issuance, so there is no dilution impact on existing shareholders. Further updates will be disclosed if additional payments are received.
[AI Summary]Alchera revised a major contract amount downward to actual received funds, reducing near-term revenue expectations but with no capital structure change thus no shareholder dilution risk. The contract remains ongoing, but future payments are a key variable for earnings performance.