DKS

This is an amendment to a previously disclosed single supply contract for the Maseokwoori 2 Regional Housing Association apartment construction and infrastructure project. The contract end date has been revised from April 17, 2030 to July 18, 2030, reflecting an approximately three-month extension. The original disclosure (March 18, 2026) noted the end date was tentative because the actual construction start date had not been confirmed; the amendment now appears to lock in the 49-month timeline from a confirmed start. The contract value remains 155.6 billion KRW (12.91% of 2024 revenue), and no change to scope or counterparty was disclosed.

The company extended its joint guarantee on interim payment loans for buyers of the Cheongna The Live Tiamo Casa apartment project, with Hana Capital and others as creditors. The guarantee amount is KRW 224.1 billion, representing 67.49% of equity (KRW 332.1 billion based on 2025 year-end consolidated K-IFRS), running from May 31, 2026 to November 30, 2026. This is a maturity extension of previously disclosed guarantees from 2022, 2023, and 2024, not a new commitment. Total outstanding debt guarantees across all counterparties stand at KRW 585.6 billion, reflecting ongoing exposure to project financing in real estate developments.

SGC E&C filed its Q1 2026 quarterly report covering January 1 to March 31, 2026, as part of its 45th fiscal year. The consolidated subsidiary count increased from 11 to 12 with the addition of Crater 1st Co., Ltd., a special purpose vehicle established for loan arrangements. The company operates primarily in plant EPC and construction/real estate development, and belongs to the OCI corporate group with 22 affiliates. Its 2025 construction capability evaluation by the Construction Association of Korea ranked it 18th in industrial facilities (KRW 663.9 billion) and 41st in civil/architectural works (KRW 1,203.9 billion). Corporate bond credit rating from Korea Investors Service has been BBB since November 2020.