Amendment Reduces Confirmed Supply Contract Amount to 4.24 Billion KRW for Cylindrical Battery Parts Inspection Equipment, Counterparty Deokwoo Electronics Revealed

The company filed an amendment to the single sale/supply contract initially disclosed on November 12, 2025, reducing the confirmed contract amount from 8 billion KRW to 4.24 billion KRW as of the contract end date.
The previously withheld counterparty is identified as Deokwoo Electronics Co., Ltd., which sells secondary battery parts and mobile precision parts, with consolidated revenue of approximately 160.95 billion KRW in 2024.
The contract involves the supply of assembly and inspection equipment for cylindrical 46mm battery parts, with a contract period from November 11, 2025 to June 30, 2026.
Payment terms consisted of 30% down payment, 40% upon installation and shipment, and 30% after quality inspection. As of the contract end, realized payments totaled 4.24 billion KRW, representing 53% of the original contract value.
The remaining balance is to be received sequentially per the original payment terms. This revision lowers the contract's contribution to 2024 consolidated revenue from 29.68% to 15.73%.
[AI Summary]This amendment formalizes a 47% reduction in the confirmed contract amount to 4.24 billion KRW, reflecting actual payments received. The disclosure of the credible counterparty mitigates counterparty risk, but the lower-than-expected revenue realization may negatively impact near-term earnings. No shareholder return measures were announced.