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On May 22, 2026, K Wave Media Ltd., a Cayman Island exempted company (the “Company”), filed a Form 6-K (the “Form 6-K”) furnishing (i) as Exhibit 99.1 to the Form 6-K, the audited financial statements of Hansol Inticube Co. (“Hansol”) for the year ended December 31, 2025, and (ii) as Exhibit 99.2 to the Form 6-K, unaudited pro forma condensed combined balance sheet information regarding the Company and Hansol as of December 31, 2025, and unaudited pro forma condensed combined statements of operation for the year ended December 31, 2025. It has been determined by the Company that the Form 6-K should be amended in its entirety to correct errors in the unaudited pro forma condensed balance sheet and statements of operations of the Company and Hansol, and to include the previously omitted audit report on the financial statements of Hansol. Accordingly, this Amendment No. 1 to the Form 6-K is being filed to amend the Form 6-K in its entirety. Readers should refer to the information herein and to Exhibit 99.1 and Exhibit 99.2 attached hereto and not the information in the Form 6-K and Exhibit 99.1 and Exhibit 99.2 attached thereto which were previously filed on May 22, 2026. Attached hereto (i) as Exhibit 99.1 are the audited financial statements of Hansol for the year ended December 31, 2025, and (ii) as Exhibit 99.2 to the Form 6-K, unaudited pro forma condensed combined balance sheet information regarding the Company and Hansol as of December 31, 2025, and unaudited pro forma condensed combined statements of operation for the year ended December 31, 2025, as amended. The unaudited pro forma condensed combined financial information included in this Amendment No. 1 to Form 6-K is presented for illustrative purposes only, contains a variety of adjustments, assumptions and estimates, and is not necessarily indicative of what the combined company’s actual financial position or results of operations would have been had the transactions been completed on the date indicated. The combined company’s actual results and financial position may differ materially and adversely from the unaudited pro forma condensed combined financial information included in this Amendment No. 1 to Form 6-K. Important factors that may affect actual results include, but are not limited to, risks and uncertainties relating Hansol’s or the Company’s business, as applicable (including each company’s ability to achieve strategic goals, objectives, and targets over applicable periods), the possibility that the dispositions of Solaire and/or Play are not consummated, industry performance, and general business and economic conditions. true --12-31 2025-12-31 0002000756

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61575085 61575085 13662476 13662476 54394152 54394152 Note 1 – Description of Hansol Acquisition On December 19, 2025, Playverse Co. Ltd. (“Playverse”), an indirect wholly owned subsidiary of K Wave Media Ltd. (the “Company” or “K Wave”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with Hansol Holdings Co., Ltd., Lee Mi-sung and Cho Hyun-seung (collectively, the “Sellers”), pursuant to which Playverse agreed to purchase from the Sellers and the Sellers agreed to sell to Playverse an aggregate of 5,864,088 shares common stock (the “Purchased Shares”) of Hansol Inticube Co., an AI language and software development company with core capabilities in AI contact center solutions, voice recognition, chatbots, smart solutions and platform technologies (“Hansol”). The Shares represent approximately 42.25% of the outstanding shares of common stock of Hansol. Pursuant to the Purchase Agreement, the aggregate purchase price for the Shares pursuant to was KRW15,000,337,104. The Purchase Agreement contains customary representations, warranties and covenants by the parties and customary indemnification obligations of the parties. 5864088 0.4225 15000337104

<p id="xdx_808_eifrs-full--DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_z9VAPN4CbOE" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Note 2 – Basis of Presentation The Hansol Acquisition is being accounted for as a business combination using the acquisition method of accounting under IFRS 3, Business Combinations, which requires assets acquired and liabilities assumed to be recorded at their acquisition date fair value in accordance with IFRS 13, Fair Value Measurement. Under IFRS 13, fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements can be highly subjective, and it is possible the application of reasonable judgement could develop different assumptions resulting in a range of alternative estimates using the same facts and circumstances. Identifiable intangible assets—such as customer relationships, technology assets, and trademarks—are recognized separately from goodwill when they meet the separability or contractual-legal criteria in IFRS 3. Goodwill is recognized as the excess of the consideration transferred and the amount of any non-controlling interest over the fair value of the identifiable net assets acquired. K Wave and Hansol’s historical financial statements were prepared in accordance with IFRS. Based on an analysis of K Wave and Hansol’s significant accounting policies, the Company has not identified any material differences in accounting policies that would have an impact on the unaudited pro forma condensed combined financial statements. K Wave and Hansol have not had any historical relationship prior to the Acquisition. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. As a result, the unaudited pro forma condensed combined financial statements do not assume any differences in accounting policies. The pro forma adjustments presented in this unaudited pro forma condensed combined financial information represent management’s estimates based on information available as of the date of this Form 6-K and such estimates are subject to revision as further information is obtained. Accordingly, the pro forma adjustments for the Hansol Acquisition are preliminary and subject to further adjustment as additional information becomes available and the various analyses and other valuations are performed. Any adjustments may have a significant effect on total assets, total liabilities, total equity, operating expenses, and depreciation and amortization expenses, and such results may be significant. The assumptions underlying the pro forma adjustments are described in the accompanying notes to this unaudited pro forma condensed combined financial information. The unaudited pro forma condensed combined financial information may not be indicative of K Wave’s future performance and does not necessarily reflect what K Wave’s financial position and results of operations would have been had these transactions occurred at the beginning of the period presented. Further, the unaudited pro forma condensed combined financial information does not purport to project the future operating results or financial position of K Wave following the completion of the Hansol Acquisition. Additionally, the unaudited pro forma condensed combined financial information does not reflect any revenue enhancements, anticipated synergies, operating efficiencies, or cost savings that may be achieved related to the Hansol Acquisition, nor does it reflect any costs or expenditures that may be required to achieve any possible synergies. K Wave will finalize the accounting for the acquisition as soon as practicable within the measurement period, but in no event later than one year from the acquisition date, in accordance with IFRS 3.

Note 3 – Preliminary Purchase Price Allocation Preliminary Purchase Consideration The estimated fair value of the consideration transferred is ₩15.0 billion. Preliminary Estimates of Fair Value The following table summarizes the tangible and identifiable intangible assets acquired, and liabilities assumed used to prepare pro forma adjustments in the unaudited pro forma condensed combined balance sheet and statements of operations (in thousands). <table cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfProformaAdjustmentsTableTextBlock_z5xTW0kA9oF3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Preliminary Purchase Price Allocation (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of pro forma adjustments</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20251231_zGsJYZWmWeWi" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 86%">Consideration:</td> <td style="width: 1%"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_eifrs-full--Cash_iI_pn3n3_zB15DatQcFd6" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Cash</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">15,000,337</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Identifiable assets acquired and liabilities assumed:</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--CurrentAsset_iI_zvawPG7PYQl9" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Current assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">22,669,199</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40B_eifrs-full--NoncurrentAssets_iI_z6R9VoMliPCb" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Non-current assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,519,741</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_ecustom--IntangibleAssets_iI_zQdPLcILD4xc" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Intangible assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_ecustom--DeferredTaxLiability_iI_zZvLFg6aS791" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Deferred tax liability</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2,574,000</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_401_ecustom--TotalLiabilities_iI_z0ZH2rYRfImb" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Total liabilities</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(19,442,642</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_406_ecustom--NoncontrollingInterest_iI_zsIrJ7JV1fd8" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 0.5pt">Non-controlling interest</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(13,070,905</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> </tr> <tr id="xdx_40C_ecustom--NetIdentifiableAssetsAcquired_iI_zQpHaAqvdcbi" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.375in; text-indent: -0.125in">Net identifiable assets acquired</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,823,940</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_ecustom--OtherGoodwill_iI_z9l2alEyyNy" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 0.5pt">Goodwill</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8,176,397</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40A_ecustom--NetAssetsAcquired_iI_ztzDwkV3DiT6" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.375in; text-indent: -0.125in; padding-bottom: 0.5pt">Net assets acquired</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">15,000,337</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> </table> The final estimates of fair value will be determined when the Company has completed the detailed valuations and necessary calculations. The final allocation could differ materially from the preliminary calculation used in the pro forma adjustments. The final estimates of fair value may include (i) changes in allocations to intangible assets including goodwill, (ii) other changes to assets and liabilities, and (iii) changes to the assessment of tax positions and tax rates. Intangible Assets Preliminary identifiable intangible assets in the unaudited pro forma condensed combined financial information consist of the following (in thousands): <table cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfPreliminaryIdentifiableIntangibleAssetsTableTextBlock_zY8JD6McrsQ1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Preliminary Purchase Price Allocation (Details 1)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of Preliminary identifiable intangible assets</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td> </td> <td style="text-align: center; vertical-align: top"> </td> <td> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Approximate Fair Value</td> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Estimated Useful Lives</td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Valuation Methodology</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 45%">Customer relationships</td> <td style="width: 1%"> </td> <td style="width: 1%">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">2,457,000</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 10%; text-align: center; vertical-align: bottom">9.8 years</td> <td style="width: 1%"> </td> <td style="width: 28%; text-align: center; vertical-align: top">Multi-period excess earnings method</td> <td style="width: 1%"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Backlog</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,884,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">5 years</td> <td> </td> <td style="text-align: center; vertical-align: top">Multi-period excess earnings methos</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Technology</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,716,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">7 years</td> <td> </td> <td style="text-align: center; vertical-align: top">Relief from royalty method</td> <td> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Brand</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,643,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">Indefinite</td> <td> </td> <td style="text-align: center; vertical-align: top">Relief from royalty method</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Other intangible assets</td> <td style="padding-bottom: 0.5pt"> </td> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,022,547</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-bottom: 0.5pt">5 years</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: center; vertical-align: top; padding-bottom: 0.5pt">Replacement Cost method</td> <td> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total intangible assets</td> <td style="padding-bottom: 1.25pt"> </td> <td>₩</td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left; vertical-align: top; padding-bottom: 1.25pt"> </td> <td> </td></tr> </table> The amortization related to the identifiable intangible assets is reflected as an Acquisition Adjustment in the unaudited pro forma condensed combined statements of operations based on the estimated useful lives above as further described in Note 5. The fair values of the identifiable intangible assets are preliminary and are based on Management’s estimates as of the Closing Date. The Company applied judgement in estimating the fair value of these intangibles which involved the use of significant assumptions with respect to revenue forecasts, revenue growth, attrition rates, royalty rates, discount rates, and economic lives. <table cellpadding="0" cellspacing="0" id="xdx_89A_ecustom--ScheduleOfProformaAdjustmentsTableTextBlock_z5xTW0kA9oF3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Preliminary Purchase Price Allocation (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of pro forma adjustments</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20251231_zGsJYZWmWeWi" style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 86%">Consideration:</td> <td style="width: 1%"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right"> </td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_eifrs-full--Cash_iI_pn3n3_zB15DatQcFd6" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Cash</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">15,000,337</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Identifiable assets acquired and liabilities assumed:</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40A_ecustom--CurrentAsset_iI_zvawPG7PYQl9" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Current assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">22,669,199</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40B_eifrs-full--NoncurrentAssets_iI_z6R9VoMliPCb" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Non-current assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,519,741</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_ecustom--IntangibleAssets_iI_zQdPLcILD4xc" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Intangible assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_ecustom--DeferredTaxLiability_iI_zZvLFg6aS791" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Deferred tax liability</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2,574,000</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_401_ecustom--TotalLiabilities_iI_z0ZH2rYRfImb" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Total liabilities</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(19,442,642</td> <td style="text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_406_ecustom--NoncontrollingInterest_iI_zsIrJ7JV1fd8" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 0.5pt">Non-controlling interest</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(13,070,905</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> </tr> <tr id="xdx_40C_ecustom--NetIdentifiableAssetsAcquired_iI_zQpHaAqvdcbi" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.375in; text-indent: -0.125in">Net identifiable assets acquired</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,823,940</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_ecustom--OtherGoodwill_iI_z9l2alEyyNy" style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 0.5pt">Goodwill</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8,176,397</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40A_ecustom--NetAssetsAcquired_iI_ztzDwkV3DiT6" style="background-color: #CCEEFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.375in; text-indent: -0.125in; padding-bottom: 0.5pt">Net assets acquired</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">15,000,337</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> </table>

15000337000

22669199

6519741

12722547 -2574000 -19442642 -13070905 6823940 8176397 15000337 <table cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfPreliminaryIdentifiableIntangibleAssetsTableTextBlock_zY8JD6McrsQ1" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Preliminary Purchase Price Allocation (Details 1)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of Preliminary identifiable intangible assets</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom"> </td> <td> </td> <td style="text-align: center; vertical-align: top"> </td> <td> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td> </td> <td> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Approximate Fair Value</td> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Estimated Useful Lives</td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">Valuation Methodology</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 45%">Customer relationships</td> <td style="width: 1%"> </td> <td style="width: 1%">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">2,457,000</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="width: 10%; text-align: center; vertical-align: bottom">9.8 years</td> <td style="width: 1%"> </td> <td style="width: 28%; text-align: center; vertical-align: top">Multi-period excess earnings method</td> <td style="width: 1%"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Backlog</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,884,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">5 years</td> <td> </td> <td style="text-align: center; vertical-align: top">Multi-period excess earnings methos</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Technology</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,716,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">7 years</td> <td> </td> <td style="text-align: center; vertical-align: top">Relief from royalty method</td> <td> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Brand</td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,643,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="text-align: center; vertical-align: bottom">Indefinite</td> <td> </td> <td style="text-align: center; vertical-align: top">Relief from royalty method</td> <td> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Other intangible assets</td> <td style="padding-bottom: 0.5pt"> </td> <td> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,022,547</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-bottom: 0.5pt">5 years</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: center; vertical-align: top; padding-bottom: 0.5pt">Replacement Cost method</td> <td> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total intangible assets</td> <td style="padding-bottom: 1.25pt"> </td> <td>₩</td> <td> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: left; vertical-align: top; padding-bottom: 1.25pt"> </td> <td> </td></tr> </table> 2457000000 P9Y9M18D Multi-period excess earnings method 2884000000 P5Y Multi-period excess earnings methos 4716000000 P7Y Relief from royalty method 1643000000 Relief from royalty method 1022547000 P5Y Replacement Cost method 12722547000 Note 4 – Other Pro Forma Transactions Playverse Capital Contribution In March 2026, Playverse received a capital contribution of ₩2.5 billion from Arania, representing <span id="xdx_90B_ecustom--OutstandingSharesPercentageOfOwnership_pip0_dp_c20250301__20250331__dei--LegalEntityAxis__custom--PlayverseCapitalContributionMember_zXbxYmAKqmsa" title="Outstanding shares, percentage of ownership">27.8% ownership in Playverse. Conversion and Settlement of Convertible Notes In January 2026, K Wave received notices of conversion from Anson Investments Master Fund LP and Anson East Master Fund LP in connection with the convertible notes. Accordingly, K Wave issued an aggregate of 4,824,273 common shares upon conversion, including 3,857,634 shares to Anson Investments Master Fund LP and 966,639 shares to Anson East Master Fund LP. In March 2026, K Wave received notices of conversion from Loeb & Loeb LLP in connection with the convertible notes. Accordingly, the Company issued an aggregate of 1,952,662 common shares upon conversion and the note was cancelled in its entirety. On April 29, 2026, the Company entered into the amendment to Security Purchase Agreement. Pursuant to the agreement, the Company liquidated 88 Bitcoins and repaid part of Convertible notes issued to Anson Investments Master Fund LP and Anson East Master Fund LP. As a result of the liquidation, $6,952,000 was recovered and total loss of $2,863,108 incurred due to the investment in Bitcoins. Borrowings of Play Company On March 25, 2026, Play Company entered into the loan agreement with Hana Bank in the amount of ₩5,000,000 thousand, bearing interest at a variable annual rate equal to three-month Certificate of Deposit plus 2.396%. This borrowing is collateralized by 65,000 common shares of Playverse and 5,864,088 common shares of Hansol Inticube. Recission of Play Company Acquisition At the Company’s 2026 annual general meeting which is scheduled to occur on July 10, 2026, the Company’s shareholders will vote to approve, among other things, the termination of the Share Purchase Agreement (as amended, the “Share Purchase Agreement”), dated March 31, 2023 and effective January 3, 2025, pursuant to which the Company, through its wholly owned subsidiary, K Enter Holdings, Inc., purchased all of the issued and outstanding 83,418 shares of common stock of Play Company Co., Ltd. (“Play”). If this proposal is approved, the Company will enter into a recission and termination agreement (the “Play Recission Agreement”) with the former owner of Play, pursuant to which the parties will agree to rescind and terminate the Share Purchase Agreement. Under the terms of the Play Recission Agreement, the acquisition of Play would be unwound and treated as if the original transaction had not occurred. As part of the recission, the parties will also agree to mutually release each other from obligations arising under the Share Purchase Agreement, including the Company’s remaining obligation to pay approximately $25.0 million of unpaid purchase consideration. Recission of Solaire Partners Acquisition On May 29, 2026, the Company entered into a recission and termination agreement (the “Solaire Recission Agreement”) with former owners of Solaire Partners, pursuant to which the parties agreed to terminate and rescind the original share purchase agreement dated 2023. Under the terms of the Solaire Recission Agreement, the acquisition of Solaire is to be unwound and treated as if the original transaction had not occurred. 0.278 4824273 3857634 966639 1952662 6952000

2863108

5000000 0.02396 65000 5864088 83418 25000000.0 <p id="xdx_804_ecustom--AcquisitionAdjustmentsToUnauditedProFormaCondensedCombinedStatementOfFinancialPositionTextBlock_zKCoVP10K1ne" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Note 5 – Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statement of Financial Position Acquisition Adjustments include the following adjustments, which are based on the Company’s preliminary estimates and assumptions, related to the unaudited pro forma condensed combined statement of financial position as of December 31, 2025. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(a)</td> <td style="text-align: justify">Represents the recognition of the fair value of intangible assets in accordance with purchase accounting as described in Note 3.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(b)</td> <td style="text-align: justify">Represents the purchase accounting adjustment to goodwill based on the acquisition method.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(c)</td> <td style="text-align: justify">Represents the purchase of approximately 42.25% of the shares of Hansol for a value of ₩15.0 billion of which a prepayment of ₩3.0 billion is recorded as other current asset as of December 31, 2025. Non-controlling interests are measured at the non-controlling interest’s proportionate share of the identifiable net assets.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(d)</td> <td style="text-align: justify">Adjustment eliminates Hansol’s historical shareholders’ equity.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(e)</td> <td style="text-align: justify">Reflects ₩45.0 million of transaction costs incurred by the Company that are not included in the historical financial statements of K Wave or Hansol.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(f)</td> <td style="text-align: justify">Reflects the bank loan in the amount of ₩5.0 billion entered by K Wave subsequent to December 31, 2025. The loan has a one year term and an interest rate of the Korea 3-month CD rate+2.396%.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(g)</td> <td style="text-align: justify">Reflects the sale of 27.8% of Play Company’s ownership in Playverse for ₩2.5 billion.</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">(h)</td> <td style="text-align: justify">Reflects the liquidation of 88 Bitcoin and the partial repayment of the convertible notes issued to Anson Investments Master Funs LP and Anson East Master Fund LP.</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify">(i)</td> <td style="text-align: justify">Reflects the conversion of the Anson Investments Master Fund LP and Anson East Master Fund LP for the issuance of 3,857,634 and 966,639 common shares, respectively. Reflects the conversion of the Loeb and Loeb LLP convertible notes and the issuance of 1,952,662 common shares.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; font-size: 10pt; text-align: justify">(j)</td> <td style="font-size: 10pt; text-align: justify">Reflects the adjustment to record the recission of the Play Co. Ltd. securities purchase agreement. The pro forma adjustment reflects (i) the removal of Play Co. Ltd.’s assets and liabilities, including goodwill, (ii) the elimination of the unpaid acquisition consideration liability, and (iii) the assumed cancellation of 8,622,587 ordinary shares originally issued as consideration in connection with the acquisition.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; font-size: 10pt; text-align: justify">(k)</td> <td style="font-size: 10pt; text-align: justify">Reflects the adjustment to record the recission of the Solaire Partners securities purchase agreement. The pro forma adjustment reflects (i) the removal of Solaire Partners’ assets and liabilities together with the elimination of the related non-controlling interest and (ii) the assumed cancellation of 9,827,057 ordinary shares originally issued as consideration in connection with the acquisition.</td></tr> </table> 0.4225 0.02396 0.278 3857634 966639 1952662 8622587 9827057 <p id="xdx_80A_ecustom--AcquisitionAdjustmentsToUnauditedProFormaCondensedCombinedStatementsOfOperationsTextBlock_z5lOKutmkWYb" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Note 6 – Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.5in; text-align: justify">(a)</td> <td style="text-align: justify">Reflects an adjustment to reflect ₩45.0 million of transaction costs incurred by K Wave that are not included in the historical financial statements of K Wave and Hansol.</td> </tr> <tr style="vertical-align: top"> <td> </td> <td> </td> </tr> <tr style="vertical-align: top"> <td style="text-align: justify">(b)</td> <td style="text-align: justify">The following table summarizes the estimated fair values of Hansol’s identifiable intangible assets acquired through business combination and determined through purchase price allocation and their estimated useful lives including the amortization for the periods presented calculated on a straight-line basis (in thousands).</td> </tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfEstimatedFairValuesTableTextBlock_zmkcA3YoJ4o9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of estimated fair values</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Estimated Fair Value</td> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Estimated Useful Life (years)</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td style="padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Amortization Expense - Year Ended December 31, 2025</td> <td style="padding-bottom: 0.5pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 61%">Customer relationships</td> <td style="width: 1%"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">2,457,000</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="vertical-align: bottom; width: 10%; text-align: center">9.8</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">250,714</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Backlog</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,884,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">5</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">576,800</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Technology</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,716,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">7</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">673,714</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Brand</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,643,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">Indefinite</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other intangible assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,022,547</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">5</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">246,414</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,747,642</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Historical amortization</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">246,414</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Incremental amortization</td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left; padding-bottom: 1.25pt"> </td> <td style="text-align: right; padding-bottom: 1.25pt"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1.25pt"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,501,228</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in; text-align: left">(c)</td> <td style="text-align: justify">Reflects the non-controlling interest related to the historical financial statements of Hansol and the pro forma amortization expense of intangible assets.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in; text-align: justify">(d)</td> <td style="text-align: justify">Reflects the pro forma tax expense on the amortization of the intangible assets in (B) above, the interest expense recognized on the bank loan in (C) below, the loss on the disposal of Bitcoin in (F) below and the reversal of interest expense on the convertible notes in (G) below, based on the 22% corporate income tax rate.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="text-align: justify; width: 0.5in; font-size: 10pt">(e)</td> <td style="font-size: 10pt; text-align: justify">Reflects the interest expense recognized on the bank loan as described in (F) above, giving effect to the business combination as if it had occurred on January 1, 2025.</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; font-size: 10pt">(f)</td> <td style="text-align: justify"> Reflects the loss on the disposal of Bitcoin.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in; text-align: justify">(g)</td> <td style="text-align: justify">Reflects the reversal of the interest expense on the convertible notes, giving effect to the business combination as if it had occurred on January 1, 2025.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">(h)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reflects the adjustment to record the recission of the Play Co. Ltd. Securities purchase agreement. The pro forma reflects the removal of Play Co. Ltd.’s revenue and expenses, including non-controlling interest. The Company recognized a gain on deconsolidation equal to the excess of (i) the fair value of the consideration received—consisting of the forgiven liabilities of K Enter Holdings, Inc.—over the sum of (ii) the carrying amounts of the subsidiary's assets (including any goodwill) and liabilities at the date control was lost and (iii) the carrying amount of any non-controlling interests.</td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfPlayCompanyAndItsSubsidiariesTableTextBlock_z59PSJNnjOph" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details 1)"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of Play Company and its subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized net asset (liabilities) at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized non-controlling interests at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value of considerations received</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gain on deconsolidation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Play Company and its subsidiaries</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNetAssetLiabilitiesAtTheirCarryingAmountsMember_zOyd8HYDm1y3" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">34,250,514</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNonControllingInterestsAtTheirCarryingAmountsMember_zNYbvnDxqbR7" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">(13,070,905</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--FairValueOfConsiderationsReceivedMember_znyhCzz4R3B1" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">65,267,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--GainOnDeconsolidationMember_z3nG7PKgIjF6" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">44,087,786</td><td style="width: 1%; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font-size: 10pt; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 48px; text-align: justify">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Reflects the adjustment to record the recission of the Solaire Partners’ securities purchase agreement. The pro forma adjustment reflects the removal of Solaire Partners’ revenue and expenses together with the elimination of the related non-controlling interest. The Company recognized a gain on deconsolidation equal to the excess of (i) the fair value of the consideration received—consisting of K Wave Media shares measured at their closing price on June 30, 2026—over the sum of (ii) the carrying amounts of the subsidiary's assets (including any goodwill) and liabilities at the date control was lost.</td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfSolairePartnersTableTextBloc_zMfUjfPrz75a" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details 2)"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of solaire partners</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized net asset (liabilities) at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized non-controlling interests at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value of considerations received</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gain on deconsolidation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Solaire Partners</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNetAssetLiabilitiesAtTheirCarryingAmountsMember_zMd5LPdhdKga" style="width: 9%; text-align: right" title="Solaire Partners">(999,714</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNonControllingInterestsAtTheirCarryingAmountsMember_zVHU5JOaVcP2" style="width: 9%; text-align: right" title="Solaire Partners">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--FairValueOfConsiderationsReceivedMember_z75DUGik6Nz1" style="width: 9%; text-align: right" title="Solaire Partners">1,680,427</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--GainOnDeconsolidationMember_zfA9NIaq9ua4" style="width: 9%; text-align: right" title="Solaire Partners">2,680,141</td><td style="width: 1%; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_89C_ecustom--ScheduleOfEstimatedFairValuesTableTextBlock_zmkcA3YoJ4o9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details)"> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of estimated fair values</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: #FFFFFF; vertical-align: bottom"> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Estimated Fair Value</td> <td style="padding-bottom: 0.5pt"> </td> <td style="padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Estimated Useful Life (years)</td> <td style="padding-bottom: 0.5pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td style="padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Amortization Expense - Year Ended December 31, 2025</td> <td style="padding-bottom: 0.5pt"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; width: 61%">Customer relationships</td> <td style="width: 1%"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">2,457,000</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="width: 1%"> </td> <td style="vertical-align: bottom; width: 10%; text-align: center">9.8</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> <td style="text-align: right; width: 1%; vertical-align: bottom">₩</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">250,714</td> <td style="width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Backlog</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,884,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">5</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">576,800</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Technology</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,716,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">7</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">673,714</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Brand</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,643,000</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">Indefinite</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">-</td> <td style="text-align: left; white-space: nowrap"> </td> </tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other intangible assets</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,022,547</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center">5</td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">246,414</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Total</td> <td> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">12,722,547</td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,747,642</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: rgb(204,238,255); vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Historical amortization</td> <td> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td> </td> <td style="vertical-align: bottom; text-align: center"> </td> <td style="text-align: left; white-space: nowrap"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">246,414</td> <td style="text-align: left; white-space: nowrap"> </td></tr> <tr style="background-color: White; vertical-align: bottom"> <td style="text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Incremental amortization</td> <td style="padding-bottom: 1.25pt"> </td> <td style="text-align: right; vertical-align: bottom"> </td> <td> </td> <td style="text-align: left; padding-bottom: 1.25pt"> </td> <td style="text-align: right; padding-bottom: 1.25pt"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="padding-bottom: 1.25pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1.25pt"> </td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="text-align: right; vertical-align: bottom">₩</td> <td style="padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">1,501,228</td> <td style="text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> 2457000000 P9Y9M18D 250714000 2884000000 P5Y 576800000 4716000000 P7Y 673714000 1643000000 -0 1022547000 P5Y 246414000 12722547000 1747642000 246414000 1501228000 <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfPlayCompanyAndItsSubsidiariesTableTextBlock_z59PSJNnjOph" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details 1)"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of Play Company and its subsidiaries</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized net asset (liabilities) at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized non-controlling interests at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value of considerations received</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gain on deconsolidation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Play Company and its subsidiaries</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNetAssetLiabilitiesAtTheirCarryingAmountsMember_zOyd8HYDm1y3" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">34,250,514</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNonControllingInterestsAtTheirCarryingAmountsMember_zNYbvnDxqbR7" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">(13,070,905</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--FairValueOfConsiderationsReceivedMember_znyhCzz4R3B1" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">65,267,395</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_ecustom--PlayCompanyAndItsSubsidiaries_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--GainOnDeconsolidationMember_z3nG7PKgIjF6" style="width: 9%; text-align: right" title="Play Company and its subsidiaries">44,087,786</td><td style="width: 1%; text-align: left"> </td></tr> </table> 34250514000 13070905000 65267395000 44087786000 <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfSolairePartnersTableTextBloc_zMfUjfPrz75a" style="font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Acquisition Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations (Details 2)"> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Schedule of solaire partners</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized net asset (liabilities) at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derecognized non-controlling interests at their carrying amounts</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair value of considerations received</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Gain on deconsolidation</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 52%; text-align: left">Solaire Partners</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNetAssetLiabilitiesAtTheirCarryingAmountsMember_zMd5LPdhdKga" style="width: 9%; text-align: right" title="Solaire Partners">(999,714</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_981_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--DerecognizedNonControllingInterestsAtTheirCarryingAmountsMember_zVHU5JOaVcP2" style="width: 9%; text-align: right" title="Solaire Partners">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--FairValueOfConsiderationsReceivedMember_z75DUGik6Nz1" style="width: 9%; text-align: right" title="Solaire Partners">1,680,427</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--SolairePartners_pn3n3_c20250101__20251231__ifrs-full--ClassesOfAssetsAxis__custom--GainOnDeconsolidationMember_zfA9NIaq9ua4" style="width: 9%; text-align: right" title="Solaire Partners">2,680,141</td><td style="width: 1%; text-align: left"> </td></tr> </table> -999714000 1680427000 2680141000