FADU Signs 6.7 Billion KRW Supply Contract for Enterprise SSD Controllers and Receives Full Payment

FADU has signed a 6.7 billion KRW supply contract for enterprise SSD controllers with a foreign NAND flash memory manufacturer and received full payment as of the filing date.
The contract amount represents 15.48% of 2024 consolidated revenue of 435 billion KRW and will be fulfilled through outsourcing.
The counterparty's identity is undisclosed due to business confidentiality, but is believed to be a credible global player.
[AI Summary]FADU completed a 6.7 billion KRW SSD controller supply contract and received full payment, which positively impacts short-term earnings. However, as a one-time contract, it does not guarantee sustained growth. The counterparty is presumed to be a reputable global NAND manufacturer, ensuring transaction stability.