Hanwha Ocean Amends Pledge Disclosure for Shinan Uihae Wind Power Shares, Debtor Relationship Changed with No Financial Impact

Hanwha Ocean submitted an amendment to its collateral provision disclosure on June 29, 2026.
The key reason for the amendment is the exclusion of the debtor Shinan Uihae Wind Power Co., Ltd. from affiliate status, with no changes to the financial figures.
The collateral provision involves 134,300,000 shares of Shinan Uihae Wind Power, with a collateral amount of 134.3 billion KRW, representing 2.76% of equity.
This collateral is related to a pledge for project financing loans for the Shinan Uihae offshore wind power project, valid from April 9, 2026 to December 15, 2048.
The debtor's financial summary as of end-2024 shows total assets of 402.3 billion KRW, total liabilities of 1.6 billion KRW, total equity of 400.6 billion KRW, and a net loss of 42.1 billion KRW.
[AI Summary]This amendment is an administrative correction with no changes to financial items, thus having a neutral impact on shareholder value. The collateral size is limited at 2.76% of equity and represents a typical pledge for project financing.