RF Materials Announces 41.9 Billion Won Rights Offering for AI Data Center Facility Investment

Rights offering: 500,000 common shares at 1st offer price of 83,900 won, total 41.95 billion won. Method: rights offering with subsequent general public offering for unsubscribed shares.
Use of proceeds: 25.0 billion won for facility investment (land balance and new factory construction), 16.95 billion won for working capital (raw material purchase and production costs).
2025 consolidated results: Revenue 64.08 billion won (+44% YoY), operating profit 7.37 billion won (turn to black), net profit 10.38 billion won. Debt ratio 48.39%, net cash position.
Key risks: High customer concentration (top 2 account for 68.98% of sales), surge in raw material prices (gold, tungsten, copper), extreme stock price volatility (low 4,245 won to high 116,900 won), designated as investment caution stock 3 times in recent 3 years.
Major shareholder RFHIC (41.54% stake) plans to fully participate in the offering. Dilution ratio 5.89%, discount rate 20%.
Facility investment to respond to increased orders for pump laser packages for AI data centers, aiming to secure mid-to-long-term growth foundation.

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