Long-term Charter Contract Signed (Annual 37B KRW, 6.6% of Sales)

Signed long-term charter contract with GYXIS CORPORATION (contract value: KRW 185.17B, annual approx. KRW 37B, 6.60% of 2025 sales)
Contract period: 2029-2034 (5 years), subject to change based on vessel delivery schedule; charterer has extension option of 2 years (1+1)
Payment: monthly prepayment settlement, no advance payment, denominated in USD (applied exchange rate: 1,476.10 KRW/USD)
Contract amount is estimated and may vary due to changes in business environment

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