Geumyang has extended the schedule for constructing secondary battery production facilities within the Dongbusan E-PARK industrial complex due to a delay in factory completion. Although the company adjusted the completion timeline, it maintains that the 530 billion won investment plan for mass-producing cylindrical batteries remains firm.

New Facility Investment End Date Extended to July 2027 According to Geumyang's regulatory filing on the 30th, the company changed the end date for new facility investment from December 31, 2026, to July 31, 2027. The reason for the correction was a change in the production equipment installation schedule due to the delay in factory completion. The investment targets the construction of 46-series and 21700 cylindrical battery production facilities at a secondary battery plant within the Dongbusan E-PARK industrial complex. The total investment amount is 530 billion won, equivalent to 434.65% of the company's consolidated equity capital (approximately 121.9 billion won) as of the end of 2022, making it a large-scale investment.

• *Detailed Completion Schedule Changed for Each Battery Line**
• Due to the factory completion delay, detailed installation schedules for each battery line were also pushed back.
• 21700 Cylindrical Battery Line: Previously scheduled for completion by the end of July 2026 → Postponed to February 28, 2027
• 4695 Cylindrical Battery Line: Previously scheduled for completion by the end of December 2026 → Adjusted to July 31, 2027

Strategy to Target Next-Generation Battery Market and Future Schedule Outlook Geumyang's strategy is to strengthen its competitiveness in the secondary battery business by establishing a mass production system for 46-series and 21700 cylindrical batteries through this large-scale investment. The company is actively securing production capacity in response to the expansion of the next-generation cylindrical battery market for electric vehicles. The company explained through its filing, "The 530 billion won is the investment limit approved by the board of directors for the purchase and installation of production facilities, and the actual executed amount may vary depending on contract signings, equipment manufacturing, and installation progress." It added, "The production facility construction schedule may also be subject to further adjustments depending on future construction progress and contract modifications." The industry views this schedule change not as a withdrawal of the investment plan, but as an adjustment of the equipment construction timeline to align with the factory construction schedule. However, as the completion date for the large-scale production facility has been delayed, attention is focused on the potential impact on the full-scale mass production schedule and the pace of commercialization going forward.

[This article was written with the assistance of AI. This article is not intended to solicit investment, and the final judgment and responsibility for investments lie with the investor.]