APR FACTORY Ltd announced that it will issue 12,960,083 common shares at an issue price of KRW 1,929 per share for the gross proceeds of KRW 25,000,000,107 on February 28, 2024. The transaction will include participation from returning investor APR Co.,Ltd. The transaction has been approved by the board of directors of the company. The transaction is expected to close on March 18, 2024.

The company will issue common shares through Shareholders' Allotment Increase.