Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Other sales or supply contracts
- Name of contract concluded Engine for vessels
2. Details of contract Contract amount (KRW) 103,900,000,000
Sales of the latest fiscal year (KRW) 599,000,000,000
Ratio to sales (%) 17.3
Classified as a large-sized corporation? No
3. Counterparty to contract Daewoo Shipbuilding & Marine Engineering Co., Ltd.
- Relationship to company -
4. Regions of sales or supply (markets served) Domestic
5. Contract period Start date 2022-05-27
End date 2025-03-10
6. Terms and conditions of contract -
7. Effective date of contract (receipt of orders) 2022-05-27
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions

1. The contract above is intended for supplying engines for vessels scheduled to be built by DSME.

2. The above '2. Sales of the latest fiscal year' are based on the consolidated financial statements as of the end of 2021, and the Contract amount and Sales of the latest fiscal year have been rounded up to the nearest KRW 100 million, respectively.

3. The above '2. Contract amount' was calculated by applying the basic exchange rate (KRW1,266.40/USD) as of the date of the conclusion of contract.

4. The '5. Contract period' above is subject to change according to the progress of the vessel construction schedule.

5. The above '7. Effective date of contract (receipt of orders)' is the effective date of the Letter of Intent (LoI) for the supplying of engines executed with DSME.
※ Related disclosure -

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HSD Engine Co. Ltd. published this content on 02 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2022 01:01:08 UTC.