Supply contract terminated

What happened

VitzroSys / Termination of Single Sales/Supply Contract / (2026.08.10) Termination of Single Sales/Supply Contract

Termination of Single Sales/Supply Contract

1. Details of the terminated sales/supply contract SRT Integrated Information System construction project

2. Termination details Termination amount (KRW): 2,114,711,739 Recent revenue (KRW): 19,552,896,164 Ratio to revenue (%): 10.82

3. Counterparty Company name: SR Co., Ltd. Relationship with the company: -

4. Contract period Start date: 2024-08-28 End date: 2026-07-31

5. Main reason for termination Due to changes in the business environment resulting from the government's restructuring of the high-speed rail operation system and related government policy changes, the Company and the counterparty mutually agreed to sign an agreement for the early termination of the project.

6. Termination date 2026-08-10

7. Matters concerning disclosure deferral Reason for deferral: - Deferral deadline: -

8. Other matters material to investment decisions - As of the date of this disclosure, the completion rate (cumulative revenue/contract amount) for this contract is 85.5%. - The "Termination amount (KRW)" above is the final unperformed termination amount, calculated by subtracting the amount already completed from the contract amount excluding VAT as stated in the original contract disclosure (KRW 14,570,000,000). - The "Recent revenue (KRW)" and "Ratio to revenue (%)" above are based on FY2024 (consolidated), as stated in the original contract disclosure. - The "Contract period end date" above is the business settlement reference date (early termination date) under the agreement for early termination of the project. - The "Termination date" above is the date the agreement for early termination of the project was signed. ※ Related disclosures: 2024-08-30 Conclusion of single sales/supply contract