Decision on Provision of Debt Guarantee for Others
1. Debtor Hyosung Steel Cord(Qingdao) Co., Ltd.
- Relationship to company Affiliated company
2. Creditor Hana Bank Qingdao Branch
3. Amount of debt (borrowing) (KRW) 14,576,250,000
4. Details of debt guarantee Amount of debt guaranteed (KRW) 14,576,250,000
Equity capital (KRW) 381,110,809,280
Ratio to equity capital (%) 3.82
Classified as a large-sized corporation? Yes
Guarantee period Start date 2022-03-14
End date 2023-03-06
5. Total balance of debt guarantee (KRW) 1,040,652,451,800
6. Date of board resolution (decision date) 2022-03-11
- 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 debt guarantee above is the result of the extension of maturity of the
existing ceiling for commercial paper issuance of Hyosung Steel Cord (Qingdao)
Co., Ltd.

- The debt (borrowing) amount of 3 above is the amount converted by using the
standard exchange rate as of March 11 (1CNY = KRW 194.35) for CNY 75,000,000.

- The amount of debt guaranteed of 4 above is the amount converted by using the
standard exchange rate as of March 11 for CNY 75,000,000, and the scope of debt
guarantee includes CNY 75,000,000 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 guarantee account (KRW) of 5 above is the guarantee limit,
which includes the unused balance, and is the amount converted by applying the
standard exchange rate as of 3/11.

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

- The period of debt guarantee below for overseas entities 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 95,570 105,952 -10,382 166,849 80,317 143
Previous fiscal year 101,111 111,597 -10,486 166,849 85,285 -11,904
Two fiscal years prior 118,518 117,387 1,131 166,849 50,354 -32,169
[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 61,435,000,000 - -
Hyosung
Steelcord
(Qingdao)
Co., Ltd.		 Affiliated company 124,058,950,000 - -
Hyosung Vietnam
Co., Ltd.		 Affiliated company 301,891,590,000 - -
Hyosung Quang
Nam Co., Ltd.		 Affiliated company 203,964,200,000 - -
GST Global GmbH Affiliated company 176,510,782,800 - -
GST Automotive
Safety(Changshu)
Co., Ltd.		 Affiliated company 44,478,940,000 - -
Global Safety
Textiles LLC		 Affiliated company 12,287,000,000 - -
GST Safety
Textiles RO
S.R.L.		 Affiliated company 87,526,008,000 - -
Hyosung
Luxembourg S.A.		 Affiliated company 28,499,981,000 - -
※ Relevant statutes Financial Investment Services and Capital Markets Act

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Hyosung Advanced Materials Corporation published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 08:50:06 UTC.