TSI Signs KRW 34.3 Billion Battery Mixing System Supply Contract with Overseas Battery Company and Extends Contract Period

TSI disclosed a correction filing on June 26, 2026, for a single sale and supply contract signed on May 29, 2024, with an overseas secondary battery company for a battery mixing system, extending the contract end date from June 30, 2026 to July 31, 2026.
The contract is valued at approximately KRW 34.3 billion, representing 13.1% of TSI's 2023 consolidated sales, with payment terms of 30% upfront, 40% milestone, 20% second milestone, and 10% balance.
Key terms remain undisclosed due to the counterparty's request for business confidentiality, requiring caution regarding potential contract changes or termination; the one-month extension may lead to further schedule adjustments.
There are no share buyback or cancellation programs affecting shareholder returns.
[AI Summary]TSI secured a KRW 34.3 billion supply contract for battery mixing systems with an overseas battery company, supporting revenue growth, but investment risk exists due to undisclosed contract details and unverified counterparty creditworthiness. The 30% advance payment mitigates some risk, but the extended payment schedule with a 10% final balance raises collection uncertainty.