Hyosung Heavy Industries Corporation

06/28/2022 | Press release | Distributed by Public on 06/28/2022 01:56

Conclusion of Single SalesContract or Supply Contract

Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Receipt of construction order
- Name of contract concluded Contract for the construction of a mixed
residential-commercial building
in Oncheon-dong, Busan
2. Details of contract Contract amount (KRW) 112,461,800,000
Sales of the latest fiscal year (KRW) 3,094,698,644,786
Ratio to sales (%) 3.63
Classified as a large-sized corporation? Yes
3. Counterparty to contract Oncheondong DA Co., Ltd.
- Relationship to company -
4. Regions of sales or supply (markets served) 1423-20, Oncheon-dong, Dongrae-gu, Busan, etc.
5. Contract period Start date -
End date -
6. Terms and conditions of contract -
7. Effective date of contract (receipt of orders) 2022-06-24
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions
- This contract is a construction contract for a mixed residential-commercial
building with 7 floors underground and 36 floors above ground in Oncheon-dong,
Dongrae-gu, Busan.

- The 'Contract amount' of 2 above is VAT inclusive, and the 'Sales of the latest
fiscal year' are based on Hyosung Heavy Industries Co., Ltd.'s consolidated
financial statements as of the end of 2021.

- The contract period is 42 months from the date of actual commencement of
construction.

- The contract amount and contract period above are subject to change during the
construction progress.
※ Related disclosure -