Ilsung Construction : Conclusion of Single SalesContract or Supply Contract

Report of Disclosure Revision

Revision Date

2022-08-17

1. Disclosure Documents in relation with Revision	Conclusion of Single Sales Contract or Supply Contract
2. Submission date of documents	2022.02.28
3. Reason for Revision	Change in counterparty to contract due to trust agreement
4. Revised Information
information	before revision	after revision
3. Counterparty to Contract	Doowon Partners Co., Ltd.	Koramco Reits Management And Trust Co., Ltd.

-

Conclusion of Single Sales Contract or Supply Contract

1. Type of sales or supply contract	Receipt of construction order
- Name of contract concluded	New multi-purpose property construction project in Munhwa-dong, Cheonan-si
2. Details of contract	Contract amount (KRW)	73,108,600,000
Sales of the latest fiscal year (KRW)	340,961,877,712
Ratio to sales (%)	21.44
Classified as a large-sized corporation?	No
3. Counterparty to contract	Koramco Reits Management And Trust Co., Ltd.
- Relationship to company	-
4. Regions of sales or supply (markets served)	Cheonan, Chungcheongnam-do
5. Contract period	Start date	2022-02-25
End date	-
6. Terms and conditions of contract	[Termination of contract, etc.] 1. In accordance with Articles 20 and 21 of the General Conditions of the Construction Contracting Agreement, the company and the contracting party have adequately and mutually consulted and made significant efforts concerning project financing with a financial institution in connection with the project. 2. If the counterparty to transaction fails to secure the necessary licensing and authorization (evacuation, etc.) for the implementation of the "main project," or if the acquired licensing and authorization (evacuation, etc.) become invalid or revoked, etc.
7. Effective date of contract (receipt of orders)	2022-02-25
8. Withholding of disclosure	Reasons for withholding disclosure	-
Withholding period	-
9. Other matters to be factored into investment decisions
1. "2. Contract amount" is VAT-exclusive. 2. The end date of "5. Contract period" is 43 months from the commencement of construction. 3. Construction details : 6 basement floors and 43 above ground floors of apartments (236 households) and officetels (30 units); neighborhood facilities, etc. 4. The construction period, contract amount, etc. are subject to change depending on the progress of the construction.
※ Related disclosure	2022-03-03 Conclusion of Single Sales Contract or Supply Contract