• K Wave Media signed a rescission and termination agreement dated May 29, 2026 to unwind its March 31, 2023 Solaire Partners acquisition.
• K Wave Media will transfer back 100% of Solaire shares it holds, reversing its 95% ownership position in the Korean entity.
• Solaire shareholders will return 9,827,057 K Wave Media ordinary shares, including 5,020,283 from Pyeungho Choi and 4,671,301 from Youngjae Lee.
• The share transfers are targeted for completion within 60 days; Choi is to resign from the board upon completion or within 60 days.
• The parties agreed to mutual releases tied to the original share purchase agreement, framing the unwind as a final economic settlement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. K Wave Media Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-006041), on June 04, 2026, and is solely responsible for the information contained therein.