9. Other matters to be factored into investment decisions
1. The contract above is intended for supplying engines for vessels scheduled to be built by DSME.
2. The '2. Sales of the latest fiscal year' above are based on the consolidated financial statements as of the end of 2021, and the Contract amount and Sales of the latest fiscal year have been rounded up to the nearest KRW 100 million, respectively.
3. The '2. Contract amount' above was calculated by applying the basic exchange rate (KRW1,256.90/USD) as of the date of the conclusion of contract.
4. The '5. Contract period' above is subject to change according to the progress of the vessel construction schedule.
5. The '7. Effective date of contract (receipt of orders)' above is the effective date of the Letter of Intent (LoI) for the supplying of engines executed with DSME.
※ Related disclosure
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HSD Engine Co. Ltd. published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 00:31:05 UTC.
Hanwha Engine Co Ltd, formerly HSD Engine Co Ltd, is a Korea-based company that principally engaged in manufacturing and sales of marine diesel engines. The Company operates its business through two segments. The Marine Engine segment is principally engaged in the manufacturing and sales of marine engines and environmental pollution prevention facilities. The Other segments is principally engaged in the distribution of land-based power generation engines and components, as well as the real estate leasing business.