Hanwha Systems Co. Ltd.

12/18/2024 | Press release | Distributed by Public on 12/18/2024 01:59

Conclusion of Single Sales Contract or Supply Contract

Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Other sales or supply contracts
- Name of contract concluded K2 Fire Control System PBL
2. Details of contract Contract amount (KRW) 112,343,000,000
Sales of the latest fiscal year (KRW) 2,453,079,541,922
Ratio to sales (%) 4.58
Classified as a large-sized corporation? Yes
3. Counterparty to contract Defense Acquisition Program Administration
- Relationship to company -
4. Regions of sales or supply (markets served) Republic of Korea
5. Contract period Start date 2024-12-17
End date 2029-09-30
6. Terms and conditions of contract Deposit or advance payment No
Payment terms - Article 13 (Advance Payment) of the Special Terms and Conditions for the Contract
The public official in charge of contracting may authorize the advance payment upon request by the contracting party, in accordance with Article 40 (1) 15 of the Management of National Funds Act, Chapter 12 of the Government Bidding and Contract Execution Standards (Contract Regulations by the Ministry of Strategy and Finance), and the Terms and Conditions for Advance Payment (Regulations by the Defense Acquisition Program Administration)

- Article 14 (Initial Payment and Interim Payment) of the Special Terms and Conditions for the Contract ?
① The public official in charge of contracting may authorize both the advance payment and interim payment upon request by the contracting party, in accordance with Article 46-2 of the Defense Acquisition Program Act, Article 61-7 of the Enforcement Decree of the same Act, and the Advance Payment and Interim Payment Rules for the Defense Industry (Regulations by the Ministry of National Defense).

- Article 29 (Payment of Consideration and Interest for Delayed Payment) of the Special Terms and Conditions for the Contract
① The public official in charge of contracting shall pay consideration and interest for delayed payments in accordance with Articles 58 and 59 of the Act on Contracts to Which the State is a Party. (omitted hereinafter)
7. Effective date of contract (receipt of orders) 2024-12-17
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions
- The "2. Contract amount (KRW)" above includes VAT.
- The "2. Sales of the latest fiscal year (KRW)" above is the sales on a consolidated basis as of 2023.
- The contract amount and period may change depending on the progress.
※ Related disclosure -