K Wave Media holds annual general meeting, shareholders approve share consolidation proposal

Shareholders authorized a name change, adopted a new memorandum and articles conditional on the consolidation, increase, and name change, approved rescission of a 2023 share purchase agreement, and approved an adjournment proposal; the meeting was not adjourned.

K Wave Media held its annual general meeting on July 10, 2026.

Shareholders elected Yang Kan Chong, Jaekeun (Jason) Kim, and Ted Kim as Class I directors; the decision does not confirm any subsequent board actions.

A share consolidation of up to 30-to-1 was authorized, with the final ratio and timing left to the board; fractional entitlements will be rounded up.

An authorized share capital increase was approved, creating 90,000,000 additional preference shares and raising preference authorization to 100,000,000 shares.