Ajin Industrial announced on the 28th through a regulatory filing that it will conduct a shareholder-allocated rights offering worth 43.962 billion won to raise facility investment funds for its U.S. local subsidiary, Joon Georgia, Inc.

The new shares to be issued through this rights offering consist of 3,000 common shares, with an issue price of 14,654,000 won per share. The total number of issued shares prior to the capital increase is 7,800 shares, and new shares will be allocated at a ratio of 0.385 shares for each existing share. The scheduled payment date is July 29, 2026.

The entire 43.962 billion won raised will be invested in facility investment for additional parts development and supply.

According to the company, Joon Georgia, Inc.'s equity is held at 83.33% by Ajin Industrial and 16.67% by its subsidiary JOON, LLC. For this capital increase, Ajin Industrial will contribute 25 million dollars and JOON, LLC will contribute 5 million dollars, for a total capital increase of 30 million dollars.

The Korean won amount specified in the filing was calculated by applying the first announced exchange rate of Hana Bank on July 28, 2026 (1 dollar = 1,465.40 won) to the U.S. dollar amount of 30 million dollars (US$30,000,000). The par value and issue price of the new shares were also calculated by converting 10,000 dollars per share at the same exchange rate.

Meanwhile, the total assets of Joon Georgia, Inc., an unlisted overseas corporation engaged in the manufacture of automobile parts, amount to approximately 524.07 billion won as of the end of 2025. This is equivalent to 34.07% of Ajin Industrial's consolidated total assets.