CK Solution Amends Contract for L-H Battery Project, Extends Period Under Negotiation and Clarifies Subsidiary Role
The mechanical work contract for the L-H Battery Ohio Project, originally set to end on June 30, 2026, has been amended with an indefinite term due to ongoing project status, and the company is currently negotiating an extension with the counterparty.
The contracting entity is its US subsidiary CK AMERICA, INC, with a contract value of approximately KRW 24.9 billion, representing 8.41% of CK Solution's 2024 consolidated revenue.
A further disclosure will be made upon finalization of the contract end date.
[AI Summary]This amendment is a routine administrative update reflecting contract term adjustment and entity clarification, with no new capital raising or share dilution, thus having a limited immediate impact on shareholder value. It is interpreted as a progress check on an already secured order.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract