FADU corrected its disclosure for an enterprise SSD controller supply contract, extending the contract period to July 17, 2026 and confirming the contract amount of 20.3 billion KRW.
The contract value represents 46.68% of FADU's 2024 consolidated revenue of 43.5 billion KRW, and the schedule adjustment was made at the request of the overseas Nand Flash memory manufacturer customer.
The counterparty's identity is undisclosed due to business secrecy, creating customer concentration risk. However, a 10% advance payment has been received, and the cancellation penalty is limited to the lesser of 0.5% of the canceled amount or direct costs.
[AI Summary]FADU's extension of the 20.3 billion KRW SSD controller supply contract, accounting for nearly half of its revenue, enhances near-term sales stability but carries reputation risk from the undisclosed customer and limited downside protection from low cancellation penalties.
KOSDAQ Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract