Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Biologics has issued a correction disclosure extending the disclosure postponement period, specifying the contract end date, and updating the counterparty disclosure schedule to August 1, 2031, at the customer’s request regarding the contract manufacturing agreement originally disclosed on November 28, 2019.
📊 [Key Disclosure Details & Financial Figures]
- Original Filing & Submission Date: Single Sales and Supply Contract (Submitted on November 28, 2019)
- Reason for Correction: Extension of disclosure postponement period at the customer’s request
- Key Correction Items:
- Contract Period End Date: (Before) Unstated (-) → (After) August 1, 2031
- Disclosure Postponement Period: (Before) December 31, 2025 → (After) August 1, 2031
- Other Important Matters (Counterparty Disclosure Timeline): (Before) To be disclosed after December 31, 2025 → (After) To be disclosed after August 1, 2031
- Contract Overview (Based on Original Filing & Subsequent Amendments):
- Contract Title: Pharmaceutical Contract Manufacturing Agreement
- Contract Amount: KRW 63,779,381,993 (USD 55,043,913, increased by USD 35,914,213 from the previous USD 19,129,700, applied exchange rate KRW 1,176.00 per USD)
- Recent Annual Revenue: KRW 535,805,801,067 (Based on FY2018 consolidated financial statements)
- Contract Amount to Revenue Ratio: 11.90%
- Counterparty: Pharmaceutical company based in Asia
- Contract Period: April 26, 2019 – August 1, 2031
- Contract Date: April 26, 2019
- Other Important Investment Details:
- The contract amount reflects an increase in total contract value, converted using the base exchange rate on the original filing date (November 28, 2019).
- The contract end date and contract amount are subject to change upon mutual agreement.
- Counterparty identity is slated for disclosure after August 1, 2031, due to business confidentiality.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Tracking Disclosure Timeline and Contract Updates Following Postponement Extension
This correction disclosure updates the confidentiality postponement period, contract end date, and counterparty disclosure timeline for the contract manufacturing deal with an Asian pharmaceutical company to August 1, 2031.
Monitoring the adjusted disclosure schedule and potential updates to contract amounts is essential for tracking the ongoing execution of this agreement.
Relevant developments can be verified upon the expiration of the extended postponement period (August 1, 2031) or through subsequent correction disclosures and periodic reports.
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