Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Systems approved a conditional agreement to pay up to USD 75M (approx. KRW 110.4B) as its share of indemnity obligations to Hanwha Solutions, contingent upon the closing of HFP’s share acquisition and in the event of default by HFP.
📊 [Key Disclosure Contents & Summary of Key Figures]
- Overview of Guarantee Sharing
- Agenda Title: Guarantee Sharing / Indemnity Obligation Allocation
- Purpose: Subject to the closing of the share acquisition of Hanwha Futureproof Corp. (HFP) via 100% owned subsidiary Hanwha Systems USA Corporation, Hanwha Systems agrees to pay a proportional guarantee share to Hanwha Solutions in the event HFP defaults and Hanwha Solutions fulfills its indemnity obligations to Korea Development Bank (KDB).
- Key Details & Figures
- Issuer / Guarantor: Hanwha Futureproof Corp. (HFP) / Korea Development Bank (KDB)
- Hanwha Solutions Guarantee Amount: USD 400,000,000 (USD 400M)
- Hanwha Systems Shared Amount: USD 75,000,000 (Approx. KRW 110.4B)
- Guarantee Period: Until April 30, 2028
- Ratio to Total Equity: 4.57% (Based on consolidated total equity of KRW 2,416,416,895,456 as of end of FY2024)
- FX Rate Applied: KRW 1,472.00/USD (Seoul Money Brokerage Services rate on November 24, 2025)
- Board Resolution & Other Notes
- Board Resolution Date: November 24, 2025 (Attendance: 3 Outside Directors, 0 Absent)
- Condition: Contingent upon the formal closing of the HFP share acquisition transaction, subject to potential changes based on progress
- Related Disclosures
- None (-)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of HFP Share Acquisition Closing and Enforcement of Guarantee Sharing Obligation
This disclosure details a conditional obligation where Hanwha Systems agrees to pay up to USD 75M (approx. KRW 110.4B) to Hanwha Solutions if HFP defaults on its debt and Hanwha Solutions performs its indemnity obligation to KDB, subject to the closing of HFP’s share acquisition. As this payment obligation is contingent upon the completion of the share transaction and potential default events, verifying the closing of the transaction and the enactment of the guarantee sharing structure is essential. Relevant updates can be verified through future periodic reports and official disclosures.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official submission data from the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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