[eDisclosure Notice] Pan Ocean Signs Presidential Contract Worth 1.425 Trillion KRW and More

Pan Ocean

[Asia Economy Reporter Myunghwan Lee] Pan Ocean announced on the 6th that it has signed a long-term charter contract for three LNG carriers with Korea Green LNG. The contract amounts for the three LNG carriers are 499.6 billion KRW, 501.9 billion KRW, and 423.5 billion KRW respectively. Each contract amount corresponds to 10.8%, 10.9%, and 9.2% of last year's sales revenue.

The charter period for the first two vessels is 15 years, and the contracting party has the option to extend the contract twice for 5 years each. The basic contract period for the 423.5 billion KRW charter contract is 12 years, and the contracting party can exercise the contract extension option twice for 4 years each.

Below are Pan Ocean's disclosure and other major disclosures released during the morning trading session.

▲Samsung Heavy Industries=Signed a contract to build four LNG carriers worth a total of 1.16 trillion KRW with shipowners in Bermuda and Africa. The contract amount for two LNG carriers with the Bermuda shipowner is 583 billion KRW, corresponding to 8.8% of last year's sales revenue. The contract amount for two LNG carriers with the African shipowner is 582.1 billion KRW, also corresponding to 8.8% of last year's sales revenue.

▲Daewoo Shipbuilding & Marine Engineering=Signed a contract to build seven LNG carriers worth 2.0368 trillion KRW with an African shipowner. The contract amount corresponds to 45.4% of last year's sales revenue, and the contract period is until February 27, 2026.

▲Namhae Chemical=Deposited 1.361 billion KRW in foreign currency time deposits (Triple Foreign Currency Free Installment Deposit) at its affiliate NH Nonghyup Bank for operating funds. The interest rate is 3.00%, and the maturity date is December 5.

▲HJ Heavy Industries=Won a contract worth 100 billion KRW for the first section of the railway construction between Chuncheon and Sokcho from the Korea Rail Network Authority. The contract amount corresponds to 5.86% of last year's sales revenue, and the contract period is until February 29, 2028.

▲Woojin Plaimm=Decided on a new investment worth 17.7 billion KRW to expand barrel/screw factory and technical center facilities. The purpose is to improve productivity through internalization and enhance cost competitiveness to maximize management performance. The investment period is until June 30, 2023.

▲Suprema ID=Signed a contract with IN Group to supply fingerprint registration solutions for French electronic ID issuance worth 1.26234 billion KRW. The contract amount corresponds to 8.7% of last year's sales revenue, and the contract period is until December 15.

▲STI=Signed a contract with Samsung Electronics to supply semiconductor manufacturing equipment worth 20.88503 billion KRW. The contract amount corresponds to 6.54% of last year's sales revenue. The contract period is until May 30, 2023.

▲DSK=Decided to acquire treasury shares worth 2 billion KRW to enhance shareholder value through stock price stabilization. The planned number of shares to be acquired is 339,959 shares, which will be purchased on the market.