Hyosung Heavy Industries has been selected as the preferred negotiator for the 'Seongnam-Seocho Expressway Private Investment Project (BTO-a)' promoted by the Ministry of Land, Infrastructure and Transport.

On the 23rd, Hyosung Heavy Industries announced through a regulatory filing that it received notification of its selection as the preferred negotiator from the competent authority, the Ministry of Land, Infrastructure and Transport. The confirmation date for this matter is June 23, 2026.

The planned construction value for Hyosung Heavy Industries in this project is approximately 194.87 billion KRW (194,870,456,979 KRW). This amount excludes value-added tax and was calculated based on Hyosung Heavy Industries' 40% construction stake. This figure represents approximately 3.26% of Hyosung Heavy Industries' consolidated revenue as of the end of 2025 (5.9685 trillion KRW).

The project involves the construction and operation of an expressway connecting Geumto-dong, Sujeong-gu, Seongnam-si, Gyeonggi-do, and Woomyeon-dong, Seocho-gu, Seoul. The construction period is a total of 60 months from the commencement date.

The company stated, "Details may change during the course of the project, and finalized terms will be disclosed upon the signing of the contract in the future."