Namkwang Engineering & Construction Amends Contract with Korea Land & Housing Corporation for Pohang Blue Valley Industrial Complex, Increasing Contract Value by 594 Million KRW

Namkwang Engineering & Construction amended its contract with Korea Land & Housing Corporation for the Pohang Blue Valley National Industrial Complex Phase 2 Construction Project Package 1, increasing the contract amount from approximately 45.27 billion KRW to 45.87 billion KRW, a rise of about 594 million KRW.
This amount reflects Namkwang's 80% share of the total contract value of 57.34 billion KRW including VAT. The contract period remains unchanged until June 24, 2026.
The counterparty, Korea Land & Housing Corporation, is a highly credible government-affiliated institution, minimizing counterparty risk. The amendment is a routine adjustment to an existing order, involving no new capital issuance or dilution.
[AI Summary]This disclosure pertains to a minor contract value increase for an existing project, resulting in no capital dilution or management changes. The highly credible counterparty ensures low investment risk. While the increase is modest, it supports stable revenue generation.