Namkwang Engineering Selected as Preferred Bidder for Pyeongtaek Godeok Public Housing Project - Expected Contract Value of KRW 55.95 Billion

Namkwang Engineering & Construction has been selected as the preferred bidder for the Pyeongtaek Godeok A-70BL public housing project, ordered by Korea Land and Housing Corporation LH.
The total project value is KRW 373 billion, and Namkwang's 15% share corresponds to an expected contract of approximately KRW 55.9 billion, which is 15.65% of its 2025 consolidated sales of KRW 357.4 billion.
The project period is scheduled from the contract signing date to September 2030, and finalized details will be disclosed upon the final contract signing.
[AI Summary]This disclosure does not involve capital changes such as equity issuance or convertible bonds, so there is no dilution risk for existing shareholders. The award strengthens the company's order backlog and provides a foundation for mid- to long-term revenue growth. However, investors should monitor risks related to final contract execution and project progress.