Gaon Line has decided to provide a debt guarantee of approximately KRW 60.4 billion for the borrowings of its U.S. subsidiary, 'LS Cable & System U.S.A., Inc.'

According to a regulatory filing on the 16th, the entity covered by the debt guarantee is the U.S. corporation LS Cable & System U.S.A., Inc., and the creditors are Woori America Bank and the New York Branch of KEB Hana Bank.

• ■ Guarantee Amount and Exchange Rate
• Loan amount / Debt guarantee amount: KRW 60.4 billion (60,400,000,000 won) each
• Actual guarantee amount: USD 40 million (USD 40,000,000)
• Conversion basis: Seoul Foreign Exchange Brokerage median rate on the board resolution date (June 16, 2026) of KRW 1,510 per USD 1

• ■ Ratio to Equity Capital
• Gaon Line's equity capital based on the consolidated financial statements as of December 31, 2025: KRW 483,788,805,473
• This guarantee accounts for 12.48% of equity capital

• ■ Guarantee Period: June 23, 2026 – June 23, 2027
• Total outstanding debt guarantee balance of Gaon Line, including this decision: KRW 90.6 billion (90,600,000,000 won)

• Meanwhile, the summary financial status of the debtor, LS Cable & System U.S.A., Inc., as of the end of 2025 is as follows:
• Total assets: KRW 201,271,000,000
• Total liabilities: KRW 178,615,000,000
• Total equity: KRW 22,656,000,000
• Revenue: KRW 417,670,000,000
• Net income for the period: KRW 27,662,000,000.