Construction Contract Amendment: End Date Extended to July 2030
Original: [기재정정]단일판매ㆍ공급계약체결
Summary
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.
Full Translation
Amendment Report
Amendment Date: 2026-06-19
1. Disclosure document subject to amendment: Single Supply Contract Conclusion
2. Original disclosure filing date: 2026-03-18
3. Reason for amendment: Change of end date
4. Amended items:
- Item 5. Contract period — End date:
Before: 2030-04-17
After: 2030-07-18
- Item 10. Other matters for investment reference (Note 3):
Before: "The start date in Item 5 above reflects the date of the construction contract signing. The end date is 49 months from the actual construction commencement date, but as the commencement date has not yet been confirmed, the date 49 months from the contract date is recorded. The contract end date will be amended via disclosure once the actual commencement date is confirmed."
After: "The start date in Item 5 above reflects the date of the construction contract signing. The end date is 49 months from the actual construction commencement date."
Single Supply Contract Conclusion
1. Contract content: New construction of apartment housing and infrastructure development works for the Maseokwoori 2 Regional Housing Association
2. Contract details:
- Conditional contract: No
- Confirmed contract amount: KRW 155,612,500,000
- Conditional contract amount: -
- Total contract amount (KRW): 155,612,500,000
- Most recent revenue (KRW): 1,205,586,883,178
- Ratio to revenue (%): 12.91
3. Counterparty: Maseokwoori 2 Regional Housing Association
- Most recent revenue: -
- Main business: -
- Relationship with the company: -
- Execution of same-type contracts with the company in the past 3 years: Not applicable
4. Sales/supply region: Location designated by the orderer
5. Contract period:
- Start date: 2026-03-17
- End date: 2030-07-18
6. Key contract terms:
- Down payment/advance payment: Yes
- Payment terms: Monthly progress-billing based on construction progress rate
7. Sales/supply method:
- In-house production: Applicable
- Outsourced production: Applicable
- Other: -
8. Contract (order) date: 2026-03-17
9. Disclosure deferral details:
- Deferral deadline: -
- Deferral reason: -
10. Other matters for investment reference:
1. The contract amount in Item 2 above excludes VAT.
2. The 'most recent revenue' in Item 2 is based on K-IFRS (FY2024) consolidated financial statements.
3. The start date in Item 5 reflects the construction contract signing date. The end date is 49 months from the actual construction commencement date.
4. The contract content above may change in accordance with the conditions stipulated in the construction contract and the project schedule.
5. This contract may be terminated in whole or in part by the company in accordance with the construction contract if the counterparty fails to perform contractual obligations without justifiable cause, or if conditions necessary for project progress (such as obtaining permits/licenses or issuance of guarantee documents related to interim payment loans) cannot be met. Conversely, the counterparty may terminate the contract in whole or in part if it is evident that the company cannot complete the works on time due to failure to commence after the start date, or if completion is delayed by more than six months due to causes attributable to the company.
* Related disclosures: -