K Wave Media (the "Company") announced today that it received a written notification (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") dated June 16, 2026, notifying the Company that it is not in compliance with the minimum Market Value of Publicly Held Shares ("MVPHS") requirement set forth in Nasdaq Listing Rules for continued listing on The Nasdaq Global Market.

Pursuant to Nasdaq Listing Rules 5450(b)(2&3)(C), the Company has a 180-calendar-day compliance period and during this period, the Company's MVPHS closes at or above $15 million for at least 10 consecutive business days, Nasdaq will notify the Company of its compliance, and the matter will be closed.

This letter has no immediate effect on the listing or trading of the Company's ordinary shares. The Company will consider available options during this period to restore compliance with Nasdaq listing requirements. The Company remains committed to executing its long-term business strategy and enhancing shareholder value.