Korea Advanced Materials' General Public Offering Rights Issue Attracts 1.6 Trillion Won... Competition Rate 792 to 1

Korea Advanced Materials announced on the 27th that it successfully attracted strong interest in the general public offering of forfeited shares in the rights offering, which concluded on the 24th, achieving a high subscription competition rate of 792.1 to 1. The total subscription deposit amounted to approximately 1.5979 trillion KRW.

This rights offering was a shareholder allocation rights offering followed by a general public offering for the remaining forfeited shares. The rights offering aimed to raise a total of 9,868,409 shares, with existing shareholders subscribing at a rate of 83.02%.

For the general public offering of 1,675,529 forfeited shares, a total of 1,327,216,900 shares were subscribed, recording a subscription rate of 79,211%. Among these, general investors subscribed to 1,277,966,900 shares, high-risk high-return investment trusts subscribed to 28.2 million shares, and venture company investment trusts subscribed to 21.05 million shares.

The payment date for the new shares in this rights offering is scheduled for the 27th, and the new shares are expected to be listed on January 16 of next year.

A representative of Korea Advanced Materials stated, "Based on the funds secured through this rights offering, we plan to accelerate research and development and infrastructure expansion to strengthen our competitiveness in the optical communication industry and ensure sustainable growth of the company." He added, "We will continue to deliver results that meet the expectations of our shareholders and investors."