North America Hyperscale Data Center Power Equipment Supply Contract (2027 Tranche, USD 125M) — LS ELECTRIC

Summary

LS ELECTRIC has secured a USD 125.23 million (approximately KRW 168.9 billion) contract to supply switchgear and power distribution equipment for a North American hyperscale data center project in 2027. The contract is with its U.S. subsidiary LS ELECTRIC AMERICA Inc., which won the upstream project order. This is a direct continuation of the 2026 delivery tranche (USD 114.97 million) disclosed on April 13, 2026, meaning total committed value across both tranches now exceeds USD 240 million. The contract covers deliveries through end of 2027 and represents approximately 3.4% of the company's 2025 consolidated revenue. Contract terms, period, and amounts may be subject to revision as the project progresses.

Filed	P₀	P₊₅	+5d
Oct 1, 2026	₩206,000	₩185,700	-9.85%
Aug 24, 2026	₩192,300	₩203,500	+5.82%

Filed

P₀

P₊₅

+5d

Oct 1, 2026

₩206,000

₩185,700

-9.85%

Aug 24, 2026

₩192,300

₩203,500

+5.82%

Full Translation

Single Sales/Supply Contract Executed Single Sales/Supply Contract Execution 1. Contract Type Other Sales/Supply Contract - Contract Name: 2027 North America Data Center Power Equipment Supply Project 2. Contract Details Contract Amount (KRW): 168,871,711,050 Most Recent Revenue (KRW): 4,965,798,552,980 Ratio to Revenue (%): 3.40 Large Corporation: Applicable 3. Counterparty LS ELECTRIC AMERICA Inc. - Relationship to Company: Subsidiary 4. Sales/Supply Region United States 5. Contract Period Start Date: 2026-10-16 End Date: 2027-12-31 6. Key Contract Terms Down Payment / Advance Payment: None Payment Terms: Invoiced and paid in accordance with supply contract progress 7. Contract (Order) Date 2026-10-16 8. Disclosure Deferral Deferral Reason: — Deferral Deadline: — 9. Other Material Information Relevant to Investment Decisions - This contract covers the company's supply of switchgear and power distribution panels to LS ELECTRIC AMERICA Inc., which has been awarded a hyperscale data center power equipment supply project in the United States. - The company had previously received an order for the 2026 delivery tranche of this same project (USD 114,974,772). The current contract represents the continuing 2027 delivery tranche. (Related disclosure date: 2026-04-13) - The contract amount stated in item 2 is the KRW equivalent of USD 125,229,300, converted at the Hana Bank opening reference exchange rate on the contract date: 1 USD = KRW 1,348.50. - The most recent revenue in item 2 is based on the 2025 year-end consolidated financial statements. - The payment terms in item 6 are structured as invoices issued in accordance with each product's delivery schedule. - The contract (order) date in item 7 is the date the Purchase Order (PO) was issued. - Contract period, contract amount, and other terms may be subject to change as the project progresses. ※ Related Disclosure 2026-04-13: Single Sales/Supply Contract Execution