TSI cuts Morrow Battery PCF project supply contract value to KRW 7.42 billion

• TSI revised a sales-and-supply contract for the Morrow Battery PCF project mixing system after contract termination.
• Confirmed contract value cut to KRW 7.42 billion from KRW 9.28 billion, reflecting 80% completion of the original EUR 6.87 million.
• Revenue impact revised to 11.03% from 13.78%, based on 2021 consolidated revenue of KRW 67.32 billion.
• Contract counterparty listed as RJC Holdings; supply location Norway; contract period set to end Sept. 30, 2026.
• Morrow Batteries’ bankruptcy cited as disrupting execution; discussions ongoing with RJC Holdings on settlement of project-related claims.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TSI Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260928900656), on September 28, 2026, and is solely responsible for the information contained therein.