[eGongsi Notice] Hanwha Systems Signs Radar Supply Contract Worth 51.2 Billion KRW with ADD, etc. (Comprehensive)

[Asia Economy Reporter Myunghwan Lee] Hanwha Systems announced on the 15th that it has signed a prototype supply contract for the long-range artillery interception system radar with the Agency for Defense Development, worth 51,195,620,000 KRW.

The contract amount corresponds to 2.45% of last year's consolidated sales, and the contract period is until July 31, 2024.

Below are Hanwha Systems' disclosure and other major disclosures released this afternoon.

▲Daewon Kangup = Selected as the core supplier for hybrid transmissions applied to Hyundai Motor Company's upcoming Tucson and Sportage models. Scheduled to supply for a total of 4.38 million units.

▲Aprogen Pharmaceuticals = Approved the absorption merger of Aprogen Biologics at the extraordinary general meeting of shareholders.

▲Asiana IDT = Signed a supply contract worth 12.3 billion KRW with SBI Savings Bank for integrated deposit and non-face-to-face loan channel construction project.

▲Orion Holdings = Decided to establish a new subsidiary 'Orion Biologics' by board resolution. The new subsidiary will engage in the development and sales of pharmaceuticals, consumer goods, and food ingredients.

▲NPC = Decided to acquire treasury shares worth 7.4 billion KRW to enhance shareholder value through stock price stabilization.

▲AJ Networks = Decided to lend 30 billion KRW to its subsidiary AJ Autoparking Systems for operating funds.

▲Ascendio = Decided on a third-party allotment capital increase worth 4 billion KRW for operating funds. Signed a terrestrial drama and film production service contract worth 2.967 billion KRW with Korean Broadcasting System.

▲Shinpoong Pharmaceutical = Applied for approval of phase 3 clinical trial plan for osteoarthritis injection SP5M002.

▲Dongbu Construction = Signed an implementation agreement for the Incheon International Airport Art Hub artwork storage development project. Expected sales amount is approximately 138.2 billion KRW.

▲RSUPPORT = Acquired a patent right for 'video conferencing method with adjustable participant positioning.'

▲Zeus = Subsidiary J.E.T decided to transfer its listing from the Tokyo Pro Market to the Standard Market on the Tokyo Stock Exchange.

▲Daehot Special Steel = Due to stock consolidation, trading of shares will be suspended from the 18th until the day before the new share certificate change listing date.