Hanwha Ocean announced on the 22nd that it plans to conduct transactions of goods and services worth a total of 11.134 billion KRW with Hanwha Power during the third quarter of 2026 (July 1 to September 30).

• In this affiliate transaction, Hanwha Ocean's total revenue (from the provision of services and design services) amounts to 1.489 billion KRW. The breakdown is as follows:
• Renewal of service contract for European subsidiary of Merchant Ship Division: 124 million KRW
• Service contract for Power System-Ocean overseas branch: 212 million KRW
• Business cooperation design service for ship retrofit business: 353 million KRW
• Design service related to Hanwha Power Systems EP business: 800 million KRW

Meanwhile, Hanwha Ocean's total purchase amount stands at 9.645 billion KRW. The company plans to purchase high-capacity cargo gas compressor equipment from Hanwha Power for 2.645 billion KRW and will also acquire ship guarantee services worth 7 billion KRW under a service subcontract and business cooperation agreement.

The total transaction amount of 11.134 billion KRW, combining revenue and purchases, accounts for approximately 0.09% of Hanwha Ocean's standalone revenue for 2025 (12.9036 trillion KRW).

The company stated, "This disclosure is based on the projected transaction amounts for the third quarter of 2026, and the actual transaction volume may change."