LIG Nex1 Co. Ltd.

12/24/2024 | Press release | Distributed by Public on 12/23/2024 20:40

Conclusion of Single Sales Contract or Supply Contract

Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract Supply of goods
- Name of contract concluded FY2024 Fourth batch production for Raybolt
2. Details of contract Contract amount (KRW) 100,243,000,000
Sales of the latest fiscal year (KRW) 2,308,571,092,877
Ratio to sales (%) 4.34
Classified as a large-sized corporation? Yes
3. Counterparty to contract Republic of Korea's Defense Acquisition Program Administration
- Relationship to company -
4. Regions of sales or supply (markets served) Republic of Korea
5. Contract period Start date 2024-12-23
End date 2028-03-15
6. Terms and conditions of contract Deposit or advance payment Yes
Payment terms The Seller shall demand the payment in accordance with the payment terms upon completing the tasks and acceptance test, and the Buyer shall make the payment within 5 business days for the demanded payment unless otherwise stated as special occasions.
7. Effective date of contract (receipt of orders) 2024-12-23
8. Withholding of disclosure Reasons for withholding disclosure -
Withholding period -
9. Other matters to be factored into investment decisions
1) This contract is for producing and supplying FY2024 Raybolt(Portable Anti-tank Guided Weapon system).
2) This contract is not subject to taxation, thus the contract amount stated in above line 2 does not include any tax.
3) Sales of the latest fiscal year above refers to the consolidated financial statement from Fiscal Year 2023.
4) Amount and period of this contract are subject to change during its contract period.
※ Related disclosure -