Decision on Provision of Debt Guarantee for Others
1. Debtor GST Safety Textiles RO S.R.L.
- Relationship to company Affiliated company
2. Creditor Kookmin Bank Co., Ltd. London Branch
3. Amount of debt (borrowing) (KRW) 17,432,480,000
4. Details of debt guarantee Amount of debt guaranteed (KRW) 17,432,480,000
Equity capital (KRW) 381,110,809,280
Ratio to equity capital (%) 4.57
Classified as a large-sized corporation? Yes
Guarantee period Start date 2021-12-20
End date 2022-12-20
5. Total balance of debt guarantee (KRW) 1,038,218,126,800
6. Date of board resolution (decision date) 2021-12-17
- Attendance of outside directors Present (No.) -
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
7. Other matters to be factored into investment decisions
- The amount of debt (borrowing) of 3 above is the amount converted by applying the
standard exchange rate on the date of 12/17(1EUR = KRW 1,340.96) for EUR 13,000,000.

- The amount of debt guarantee of 4 above is the amount converted by applying
EUR 13,000,000 at the standard exchange rate as of 12/17, and the scope of debt
guarantee includes EUR 13,000,000 along with the interest, overdue interest, fees
and all other expenses thereto. Furthermore, equity capital is based on the
consolidated audit report at the end of December 2020.

- The total balance of debt guarantee (KRW) of 5 above is the guarantee limit, which
includes the unused balance, and is also converted by applying the standard
exchange rate as of 12/17.

- The date of board resolution (decision date) of 6 above is the date of decision of
the Management Committee.

- The current fiscal year of the 'Condensed Financial Statements of Debtor' is
based on 2020, the previous fiscal year is based on 2019, and two fiscal years
prior is based on 2018 (however, the sales and net income are the performance
results from June 1, 2018, which is the date of division, through December 31, 2018
based on the consolidated audit report).

- The following period of debt guarantee for the overseas entity has been omitted
since there are multiple debt guarantees made within the same entity (each period
of guarantee is different).
※ Related disclosure -
【Condensed Financial Statements of Debtor】(in KRW mn)
Category Total assets Total liabilities Total shareholders' equity Capital stock Sales Net income
Current fiscal year 97,903 75,139 22,763 14,748 35,462 4,383
Previous fiscal year 86,645 68,419 18,226 14,748 41,171 1,941
Two fiscal years prior 79,713 63,709 16,003 14,748 32,559 1,777
[Balance of Debt Guarantee per Debtor]
Debtor Relationship Balance of debt guarantee (KRW) Period of debt guarantee Remarks
Hyosung Chemical Fiber (Jiaxing)
Co., Ltd.		 Affiliated company 71,010,000,000 - -
Hyosung
Steelcord
(Qingdao) Co.,
Ltd.		 Affiliated company 117,425,880,000 - -
Hyosung Vietnam
Co., Ltd.		 Affiliated company 290,785,950,000 - -
Hyosung Quang
Nam Co., Ltd.		 Affiliated company 196,461,000,000 - -
GST Global GmbH Affiliated company 192,669,132,800 - -
GST Automotive
Safety(Changshu)
Co., Ltd.		 Affiliated company 42,842,700,000 - -
Global Safety
Textiles LLC		 Affiliated company 11,835,000,000 - -
GST Safety
Textiles RO S.R.L.		 Affiliated company 86,894,208,000 - -
Hyosung
Luxembourg S.A.		 Affiliated company 28,294,256,000 - -
※ Relevant statutes Financial Investment Services and Capital Markets Act

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Hyosung Advanced Materials Corporation published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 08:52:08 UTC.