• K Wave Media entered a rescission agreement to unwind its March 31, 2023 share purchase of Solaire Partners.
• Ownership of Solaire will revert to its former shareholders, reversing the earlier acquisition.
• About 9,800,000 KWM ordinary shares issued for the deal, including co-founder shares, are set to be returned within 60 days.
• Returned shares will be held as treasury shares or canceled, subject to board determination and completion of transfer procedures.
• The parties agreed to mutual releases related to the original transaction.

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 GlobeNewswire (Ref. ID: 202606040900PRIMZONEFULLFEED9731751) on June 04, 2026, and is solely responsible for the information contained therein.