Top Material Signs KRW 5.3 Billion Contract for Battery Assembly Line Renovation Project... Equivalent to 22% of Recent Revenue
Top Material announced in a regulatory filing on the 13th that it has signed a supply contract in South Korea for a "Battery Assembly Line Replacement and Renov

Top Material announced in a regulatory filing on the 13th that it has signed a supply contract in South Korea for a "Battery Assembly Line Replacement and Renovation Project." For readability, the key details of this contract are summarized below.
- *[Key Contract Details]**
- Contract Amount: KRW 5.29 billion (equivalent to 22.87% of the company's most recent revenue of KRW 23,130,640,000 as of the end of 2025)
- Contract Period: July 10, 2026 – October 15, 2026
- Supply Region: South Korea
- Counterparty: Withheld until the deadline (October 15, 2026) due to the need for business confidentiality
[Payment and Performance Method] The contract amount will be paid in installments: an 80% interim payment and a 20% final payment, with no separate down payment or advance payment. The company plans to fulfill the contract through a combination of in-house and outsourced production.
[Future Schedule and Notes] The company stated that the contract amount and period may be subject to change depending on actual progress. In particular, the specified contract end date represents the expected date for completion of the final payment and may be altered based on future mutual agreement between the two parties.
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