A2Z Entertainment Decides to Merge with MAA (Subsidiary Merger)

Subsidiary A2Z Entertainment to absorb fellow subsidiary MAA to integrate resources, create synergy, and enhance corporate value.
Merger ratio 15.45683, based on DCF valuations: surviving company KRW 85.2B, disappearing company KRW 7.3B.
New shares: 30,914 common shares issued, no preferred shares.
Small-scale merger; no appraisal rights for surviving company shareholders; merger date July 1, 2026.
MAA's 2025 financials: assets KRW 7.87B, liabilities KRW 3.88B, equity KRW 3.99B, sales KRW 10.58B, net income KRW 0.28B.
A2Z Entertainment assets KRW 50.63B, representing 20.9% of parent Wysiwyg Studio's consolidated assets of KRW 242.56B.

Filing: Decision on Merger of Companies (Major Management Matters of Subsidiary)
Company: WYSIWYG Studios (299900)
Submission: WYSIWYG Studios Co., Ltd.
Receipt: 05-08-2026
Under KRX KOSDAQ Market Division