• SM Culture & Contents risks designation as a management stock under Article 53 of the Kosdaq listing rules.
• Its common shares closed below 1,000 won for 25 consecutive trading days through Nov. 11, 2026.
• Designation could follow if the closing price remains below 1,000 won for five more trading days starting Nov. 12, 2026.
• The rule requires designation when common shares close below 1,000 won for 30 consecutive trading days.

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. SM Culture & Contents Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261111900790), on November 11, 2026, and is solely responsible for the information contained therein.