Gaonchips announced on the 8th that it has signed an application-specific integrated circuit (ASIC) design and development contract worth 7,673 million won.

[Contract Overview] The contract amount is 7,673 million won, accounting for 11.20% of the company's most recent annual revenue of 68,510.18 million won based on the 2025 consolidated financial statements. The contract amount excludes value-added tax (VAT). The contract period runs from December 26, 2025 to July 31, 2027.

[Background Leading to the Disclosure] The contract start date is the date on which both parties completed signing the contract. The end date is a scheduled date determined in consideration of the expected payment schedule following completion of development and verification, and may change depending on the progress of development. The contract became subject to disclosure obligations after a first amended contract was signed on the 7th due to changes in the development schedule and contract amount. The original contract was signed on December 26, 2025, with a contract amount of 5,807.40 million won at that time. This disclosure reflects the changes made so far, including the increase in the contract amount compared to the original contract.

[Key Contract Terms] There is no contract deposit or advance payment, and payments will be made within 30 days after the fulfillment of payment conditions. Both in-house production and outsourced production are included in the sales and supply methods.

[Contract Counterparty Not Disclosed] The contract counterparty was not disclosed at the request of the counterparty to protect trade secrets. The company stated that it would withhold the disclosure of related information until July 31, 2027, citing the counterparty's request for business confidentiality.