Daeyang Electric Amends Contract End Date for LINK-22 System Development with Hanwha Systems

Daeyang Electric amended its single sales and supply contract for the LINK-22 system development with Hanwha Systems, extending the end date from June 30, 2026 to June 15, 2029.
The contract amount of KRW 20.2 billion and total supply volume remain unchanged; only the delivery schedule was adjusted due to the customer's process changes.
The company stated that the change was anticipated and has no impact on revenue or management plans.
[AI Summary]The contract extension is a schedule adjustment without altering existing terms, resulting in no financial impact and a neutral market assessment.