Decision on Provision of Debt Guarantee for Others
1. Debtor Hyosung Vietnam Co., Ltd
- Relationship to company Affiliated company
2. Creditor Standard Chartered Bank (Singapore) Limited
3. Amount of debt (borrowing) (KRW) 49,616,000,000
4. Details of debt guarantee Amount of debt guaranteed (KRW) 49,616,000,000
Equity capital (KRW) 381,110,809,280
Ratio to equity capital (%) 13.02
Classified as a large-sized corporation? Yes
Guarantee period Start date 2022-03-26
End date 2023-03-25
5. Total balance of debt guarantee (KRW) 987,928,933,400
6. Date of board resolution (decision date) 2022-03-17
- Attendance of outside directors Present (No.) -
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
7. Other matters to be factored into investment decisions
- The above debt guarantee is by the new limit loan agreement with Hyosung Vietnam
Co., Ltd.

- The debt (borrowing) amount of 3 above is the amount converted by using the
standard exchange rate as of March 17 (1USD = KRW 1240.40) for USD 40,000,000.

- The amount of debt guaranteed of 4 above is the amount converted by using the
standard exchange rate as of March 17 for USD 40,000,000, and the scope of debt
guarantee includes USD 40,000,000 along with the interest, overdue interest, fees
and all other expenses thereto. Furthermore, equity capital is based on the
consolidated audit report at the end of December 2020.

- The total balance of guarantee account (KRW) of 5 above is the guarantee limit,
which includes the unused balance, and is the amount converted by applying the
standard exchange rate as of March 17.

- The date of board resolution (decision date) of 6 above is the date of decision
of the Management Committee.

- The current fiscal year of the 'Condensed Financial Statement of Debtor' is
based on 2020, the previous fiscal year on 2019, and two fiscal years prior on
2018 (however, the sales and net income are the performance results from June 1,
2018, which is the date of division, through December 31, 2018 based on the
consolidated audit report).

- The period of debt guarantee below for overseas entities has been omitted as the
entities each hold multiple debt guarantees
(each period of guarantee is different).
※ Related disclosure -
【Condensed Financial Statements of Debtor】(in KRW mn)
Category Total assets Total liabilities Total shareholders' equity Capital stock Sales Net income
Current fiscal year 681,808 491,635 190,173 64,331 1,074,840 18,958
Previous fiscal year 830,616 599,281 241,335 64,331 1,401,634 57,625
Two fiscal years prior 874,483 637,447 237,036 64,331 752,435 2,296
[Balance of Debt Guarantee per Debtor]
Debtor Relationship Balance of debt guarantee (KRW) Period of debt guarantee Remarks
Hyosung Chemical Fiber (Jiaxing)
Co., Ltd.		 Affiliated company 62,020,000,000 - -
Hyosung
Steelcord
(Qingdao)
Co., Ltd.		 Affiliated company 125,075,500,000 - -
Hyosung Vietnam
Co., Ltd.		 Affiliated company 241,505,880,000 - -
Hyosung Quang
Nam Co., Ltd.		 Affiliated company 205,906,400,000 - -
GST Global GmbH Affiliated company 178,669,616,400 - -
GST Automotive
Safety(Changshu)
Co., Ltd.		 Affiliated company 44,902,480,000 - -
Global Safety
Textiles LLC		 Affiliated company 12,404,000,000 - -
GST Safety
Textiles RO
S.R.L.		 Affiliated company 88,596,504,000 - -
Hyosung
Luxembourg S.A.		 Affiliated company 28,848,553,000 - -
※ Relevant statutes Financial Investment Services and Capital Markets Act

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Hyosung Advanced Materials Corporation published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 08:17:02 UTC.