SBB TECH Extends Supply Contract End Date with Keyang Electric to October 31, No Change in Contract Amount, Limited Stock Impact

SBB TECH filed a correction disclosure extending the supply contract end date for the Mobed DnL module steering eccentric with Keyang Electric to October 31, 2026.
The reason is a change in the customer's production schedule; the contract amount of 665.44 million KRW and other terms remain unchanged.
The contract amount accounts for 12.1% of 2024 annual revenue of 5,465.6 million KRW but only 0.23% of market cap of 294.2 billion KRW, representing a minor contract with negligible shareholder value impact.
[AI Summary]This correction is a routine extension of the contract period with no impact on financials or growth. There are no share buybacks or dividends, making it a non-material event for investors.