106.8 Billion Won Ship Engine Supply Contract (26.5% of Sales)

Contract amount of 106.8 billion won (26.5% of recent annual sales), a major order win
Counterparty: XIAMEN XMXYG SHIPBUILDING TRADING CO., LTD. (China); end-user: Xiangyu Shipbuilding & Offshore Engineering Co., Ltd.
Contract period: April 29, 2026 to September 9, 2029 (3 years 4 months)
Payment terms: 20% advance, 5% intermediate, 75% balance
Exchange rate applied: 1,473.3 won/USD
Contract date: April 29, 2026 (same as disclosure date)

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