Daehan Shipbuilding Amends Subsidiary Debt Guarantee Period No Material Financial Impact

Daehan Shipbuilding amended the guarantee period for its subsidiary Haenam Hwawon Industrial Complex Development from a prior disclosure in April. The start date for the public waters restoration guarantee insurance was changed from May 29, 2026 to June 30, 2026.
The guarantee amount of KRW 64.67 billion representing 5.92% of equity remains unchanged. This is an administrative correction due to the actual insurance issuance schedule.
This guarantee is a performance bond for regulatory permits and does not involve any actual borrowing or cash outflow. The subsidiary has minimal operations with assets of KRW 2.62 billion and equity of KRW 132 million.
No new capital raising or shareholder dilution occurs from this amendment.
[AI Summary]This disclosure is a routine administrative correction of the guarantee start date to match the actual insurance issuance. There is no change in the guarantee amount, terms, or financial risk. Investors can disregard this filing as it has zero impact on company valuation.