FADU has entered into a 20.4 billion KRW enterprise SSD controller supply agreement with an overseas NAND flash memory manufacturer. This represents 47% of its 2024 consolidated revenue.
The contract runs from February 12, 2026 to August 7, 2026, and a 10% advance payment has already been received. Payment is due by the Friday following delivery.
In case of cancellation, the penalty is 0.5% of the canceled amount or direct costs, whichever is lower. Counterparty details are undisclosed due to business confidentiality.
[AI Summary]This contract is a significant win for FADU's core product, boosting revenue visibility. However, cancellation risk and customer concentration should be monitored.
KOSDAQ Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract