Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Receipt of construction order
- Name of contract concluded Contract for New Officetel Construction in
Bujeon-dong, Busanjin-gu, Busan
2. Details of contract Contract amount (KRW) 81,573,800,000
Sales of the latest fiscal year (KRW) 2,983,970,863,029
Ratio to sales (%) 2.73
Classified as a large-sized corporation? Yes
3. Counterparty to contract Mastern 105 Deundeun Asset Management Seomyeon PFV Co., Ltd.
- Relationship to company -
4. Regions of sales or supply (markets served) 168-291 Bujeon-dong, Busanjin-gu, Busan, and 6 other lots
5. Contract period Start date -
End date -
6. Terms and conditions of contract -
7. Effective date of contract (receipt of orders) 2021-12-16
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions
- This is a contract executed with "Mastern 105 Deundeun Asset Management Seomyeon
PFV Co., Ltd. for the construction of a new officetel, for 1,519 pyeong of
commercial space and 259 officetel units located at 168-291 Bujeon-dong,
Busanjin-gu, Busan, and 6 other lots.

- "2. Contract amount" is VAT inclusive, and "Sales of the latest fiscal year" is
based on the consolidated financial statements of Hyosung Heavy Industries
Corporation as of the end of 2020.

- The contract period is 31 months from the date of commencement of construction.

- The contract amount and period above may change during the construction process.
※ Related disclosure -

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Hyosung Heavy Industries Corporation published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 07:02:03 UTC.