Enchem Amends Debt Guarantee for CATL Loan, Increases Amount to 64.5 Billion KRW and Extends Period

Enchem amended its debt guarantee decision for subsidiary Shidai Sikang New Materials' loan from CATL, increasing the guarantee amount from 59.7 billion KRW to 64.5 billion KRW, a 4.8 billion increase, and extending the collateral period to December 31, 2026.
This correction follows the extension of CATL's guarantee release deadline from June 30, 2026 to December 31, 2026; failure to release may incur penalties.
Total outstanding guarantee balance increased to 156.1 billion KRW, including various guarantees for subsidiaries and affiliates.
[AI Summary]This amendment increases contingent liabilities for Enchem, indicating sustained financing risks for the acquired subsidiary. The guarantee increase is 0.7% of market cap, but the total guarantee ratio of 13.4% of equity warrants monitoring of financial health.