Company Secures Financing from EXIM for Gyeonggi Green Energy's Fuel Cell Upgrade

On November 26, 2025, the Company completed its second project debt financing transaction with the Export-Import Bank of the United States (EXIM). This financing, termed the 2025 EXIM Financing, is aimed at supporting the Company's long-term service agreement with Gyeonggi Green Energy Co., Ltd.

(GGE). Under this agreement, the Company will supply upgraded carbonate fuel cell modules to replace existing units at GGE's Hwaseong Baran Industrial site. The Company continues to develop its carbonate fuel cell technology and solid oxide electrolysis technology, focusing on clean energy revenue generation and market trends.