Studio Dragon Decides to Absorb Wholly-Owned Subsidiary Next Scene (Schedule Correction)

Merger purpose: Enhance management efficiency through absorption of wholly-owned subsidiary (no new shares issued, merger ratio 1:0)
Target: Next Scene Inc. (assets 1,139 million KRW, net loss 9,590 million KRW in FY2025)
Schedule correction: Creditor objection period 2026.06.04~07.06, merger date 2026.07.07, registration 2026.07.08 (delayed by about a week)
Small-scale merger: No appraisal rights, shareholder meeting approval not required (but if >20% shareholders object, standard procedure applies)
Studio Dragon total assets 1,034.5 billion KRW, 11.9% of parent's consolidated assets 8,666.8 billion KRW (FY2025 year-end)

Filing: [Correction of Description] Decision on Merger of Company (Key Management Matters of Subsidiary)
Company: CJ ENM (035760)
Submission: CJ ENM
Receipt: 05-04-2026
Under KRX KOSDAQ Market Division