Disclosure of Counterparty Change for Taiwan Offshore Wind Cable Trenching Contract
- Counterparty changed from Shinfox Far East Company Pte. Ltd. (SFE) to its parent company FOXWELL ENERGY CORPORATION LTD., with no changes to contract terms (amount, period, etc.).
- Total contract amount: KRW 17,515,111,737 (US$12,209,056 at initial exchange rate of 1,434.60 KRW/USD).
- Contract amount accounts for 13.4% of the company's latest annual revenue (2024 consolidated: KRW 130,279,123,723).
- Contract period: 2025-05-04 to 2026-05-19, for TPC Offshore Wind Power Generation Phase 2 Project (Submarine Cables Trenching & Burial Scope) offshore Changhua County, Taiwan.
- Payment terms: 20% down payment, balance paid in cash within 45 days of invoice receipt.
- New counterparty FOXWELL ENERGY CORPORATION LTD. reported 2024 consolidated revenue of KRW 757,000,000,000 (TWD 16.7B at exchange rate of 46.81 KRW/TWD).
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KOSDAQ Filing Information
- Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
- Company: LS Marine Solution (060370)
- Submission: LS Marine Solution Co., Ltd.
- Receipt: 05-11-2026
- Under KRX KOSDAQ Market Division