Hyundai AutoEver Amends Contract with Hyundai Motor for Next-Gen ERP Project, Slight Increase in Amount and Extension

Hyundai AutoEver amended its next-generation ERP headquarters and Americas roll-in project contract with its largest shareholder Hyundai Motor Company, revising the contract amount from 105.4 billion KRW to 114.7 billion KRW and extending the contract period to July 2026.
The increase of 9.3 billion KRW represents only 0.06% of market capitalization, making the financial impact negligible.
Payment terms remain unchanged with 30% advance payment and milestone payments.
[AI Summary]This amendment constitutes a minor adjustment in contract value and timeline with no material effect on shareholder value. It is considered a normal transaction with the parent company.