Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Receipt of construction order
- Name of contract concluded Contracting agreement on the new construction
of new housing for youth in the station area
on Wonhyo-ro, Yongsan-gu
2. Details of contract Contract amount (KRW) 171,611,258,687
Sales of the latest fiscal year (KRW) 3,094,698,644,786
Ratio to sales (%) 5.55
Classified as a large-sized corporation? Yes
3. Counterparty to contract IGIS Youngsan 2030 housing REIT Co., Ltd.
- Relationship to company -
4. Regions of sales or supply (markets served) Area of 1-159-beongi, Wonhyo-ro 3-ga,
Yongsan-gu, Seoul
5. Contract period Start date -
End date -
6. Terms and conditions of contract -
7. Effective date of contract (receipt of orders) 2022-06-30
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions
- This is an agreement of contracting the construction of 4 apartment buildings
with 4 floors underground and 27 floors above the ground in the area of
1-159-beongi, Wonhyo-ro 3-ga, Yongsan-gu, Seoul.

- The "Contract amount" of "2. Details of contract" above includes the VATs of
KRW 1,621,258,687, and KRW 153,777,413,129 of the supply price of
KRW 169,990,000,000 (excluding the VATs) is tax free.

- The "Sales of the latest fiscal year" of "2. Details of contract" above is
based on the consolidated financial statements of Hyosung Heavy Industries
Corporation as of the end of 2021.

- The contract period is 45 months from the date of actual commencement of
construction.

- The contract amount and contract period above are subject to change during the
construction progress.
※ Related disclosure -

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Hyosung Heavy Industries Corporation published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 07:13:06 UTC.