Collateral Provision for Affiliate Hoonid Terminated upon Debt Repayment, 12 Billion KRW Collateral Balance Extinguished, Financial Risk Reduced

Camus Engineering & Construction Inc. announced on July 13, 2026, through an amended disclosure, that the collateral provision for its affiliate Hoonid has been terminated.
This follows Hoonid's full repayment of its 7 billion KRW borrowing from Leading Ace Capital, leading to the release of the pledged shares.
Consequently, the collateral balance of 12 billion KRW, equivalent to 120% of the original 10 billion KRW loan, has been reduced to zero, significantly lowering the company's contingent liability risk.
However, Hoonid's 2024 individual financial statements show a net profit of only 749 million KRW, a sharp decline from 7.257 billion KRW in the prior year, indicating weakened profitability.
[AI Summary]The termination of collateral due to affiliate debt repayment is a positive event that materially reduces Camus Engineering's financial risk. However, the deteriorating profitability of Hoonid warrants further monitoring as it may necessitate additional financial support in the future.