Diostech Completes 23 Billion KRW Third-Party Allocation Paid-in Capital Increase... Change of Largest Shareholder

[Asia Economy Reporter Hyungsoo Park] Dios Tech announced on the 12th that KoAsia Cape Jeilho New Technology Business Investment Association has paid 23 billion KRW for a paid-in capital increase.

The largest shareholder of Dios Tech will change from Dios Holdings to KoAsia Cape Investment Association. Once the additional old shares acquisition is completed on the 13th, KoAsia Cape Investment Association's shareholding ratio will be 35.68%.

KoAsia, a strategic investor (SI), stated, "Based on stable management rights, we will gradually reorganize non-core business divisions and focus our core competencies on the camera lens business," adding, "We expect Dios Tech to be reborn as a new company."

A Dios Tech official emphasized, "The funds raised will be used to strengthen the competitiveness of core businesses, including lenses," and "We will secure both profitability and growth potential based on lens production capacity and quality competitiveness."

KoAsia has KoAsia CMBNA, a subsidiary engaged in the camera module business in Vietnam. KoAsia CMBNA produces camera modules used in Samsung Electronics smartphones.

A Dios Tech official explained, "We will expand product lines for medical devices, automotive electronics, and artificial intelligence (AI) to secure future growth engines," and "We plan to maximize synergy effects by sharing manufacturing competitiveness and business networks of both companies."