Correction Announcement of Shortened Debt Guarantee Period Due to Early Repayment by Subsidiary

The company's debt guarantee obligation for its major subsidiary Sphere Nickel Cobalt Pte. Ltd. SNC was extinguished early on June 30, 2026, as SNC fully repaid its debt to creditor Nickel Industries Limited.
The original guarantee period ending July 31, 2027 was shortened to June 30, 2026 through this correction, terminating the 8 billion KRW guarantee ahead of schedule.
This reduction in contingent liabilities lowers the company's financial risk, but the impact on stock price is limited given the small size relative to market capitalization.
The company currently provides a USD 24 million import letter of credit guarantee for its domestic subsidiary The Special Metals Co., Ltd., as disclosed on May 8, 2026.
[AI Summary]This correction is an administrative update reflecting the early repayment and termination of a debt guarantee, with no material change in financials. The impact is neutral, though the removal of uncertainty is mildly positive.