FADU Adjusts Supply Contract Terms for Enterprise SSD Controllers - Payment Period Extended and Contract End Date Moved, Maintaining 50 Billion KRW Deal Representing 54% of Revenue

FADU has amended the supply contract with an overseas NAND flash memory manufacturer for enterprise SSD controllers. The contract end date was extended from November 13, 2026 to December 8, 2026, and payment terms changed from payment by the next Friday after delivery to within 30 days, which may slightly pressure cash flow.
The contract value is 50.0 billion KRW, equivalent to 54.11% of FADU's 2025 consolidated revenue, and 10% advance payment has already been received. The counterparty's identity is undisclosed due to confidentiality, but a prior transaction history indicates a credible relationship.
This contract modification involves no equity issuance or dilution of shares, thus no direct impact on shareholder value from capital structure changes.
[AI Summary]FADU's contract amendment extends payment timelines, potentially straining liquidity, but the extension of this core contract covering over half of revenue maintains stable earnings visibility, leading to a neutral outlook for shareholder value.