Decision on Provision of Debt Guarantee for Others
1. Debtor Hyosung Steelcord (Qingdao) Co., Ltd.
- Relationship to company Affiliated company
2. Creditor China Everbright Bank Seoul Branch
3. Amount of debt (borrowing) (KRW) 19,645,500,000
4. Details of debt guarantee Amount of debt guaranteed (KRW) 19,645,500,000
Equity capital (KRW) 721,588,715,846
Ratio to equity capital (%) 2.72
Classified as a large-sized corporation? Yes
Guarantee period Start date 2022-08-22
End date 2023-08-21
5. Total balance of debt guarantee (KRW) 1,195,551,389,200
6. Date of board resolution (decision date) 2022-08-05
- 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 above debt guarantee relates to the repayment of existing borrowings of
Hyosung Steelcord(Qingdao) Co., Ltd.

- The "3. Amount of debt (borrowing)" above is the amount converted by using the
standard exchange rate as of August 5 (1USD = KRW 1,309.70) for USD 15,000,000.

- The "4. Amount of debt guaranteed" above is the amount converted by applying
USD 15,000,000 at the standard exchange rate on August 5, and the scope of the
debt guarantee includes USD 15,000,000 along with its interest, overdue interest,
and all other fees and expenses thereto. In addition, the equity capital is based
on the consolidated audit report as of the end of December 2021.

- The "5. Total balance of debt guarantee" above is the guarantee limit, which
includes the unused balance, and is also converted by applying the standard
exchange rate as of the August 5.

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

- As for the "Condensed Financial Statements of the Debtor" below, the current
fiscal year is 2021, the previous fiscal year is 2020, and two fiscal years prior
is 2019.

- The "Guarantee period" below for overseas entities has been omitted as the
entities each hold multiple debt guarantees.
(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 104,968 117,421 -12,453 178,592 103,400 -12,409
Previous fiscal year 95,570 105,952 -10,382 166,849 80,317 143
Two fiscal years prior 101,111 111,597 -10,486 166,849 85,285 -11,904
[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 65,485,000,000 - -
Hyosung
Steelcord
(Qingdao)
Co., Ltd.		 Affiliated company 164,956,204,000 - -
Hyosung Vietnam
Co., Ltd.		 Affiliated company 353,226,090,000 - -
Hyosung Quang
Nam Co., Ltd.		 Affiliated company 260,630,300,000 - -
GST Global GmbH Affiliated company 175,430,059,200 - -
GST Automotive
Safety(Changshu)
Co., Ltd.		 Affiliated company 47,411,140,000 - -
Global Safety
Textiles LLC		 Affiliated company 13,097,000,000 - -
GST Safety
Textiles RO
S.R.L.		 Affiliated company 86,990,112,000 - -
Hyosung
Luxembourg S.A.		 Affiliated company 28,325,484,000 - -
※ Relevant statutes Financial Investment Services and Capital Markets Act

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Hyosung Advanced Materials Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 10:25:06 UTC.