Completion report on merger, etc. (merger)

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Completion Report on Merger, etc. (Merger) 6.0

Studio Dragon Corporation Completion Report on Merger, etc. (Merger)

To: Commissioner of the Financial Supervisory Service July 7, 2026

Company name: Studio Dragon Corporation CEO: Jang Kyung-ik Head office address: Room 1701, 75 Maebongsan-ro, Mapo-gu, Seoul (Sangam-dong, DDMC) Phone: 02-371-9158 Website: http://www.studiodragon.net Preparer: (Title) CFO (Name) Lee Hye-mi (Phone) 02-371-9158

I. Schedule Merger decision board resolution date: April 30, 2026 Merger agreement date: May 1, 2026 Record date for shareholder determination: May 15, 2026 (posted on the Company's website) Period for receiving notices of objection to merger: start date May 15, 2026; end date June 1, 2026 Board resolution approving merger: June 2, 2026 Creditor objection filing announcement and notice: June 2, 2026 (posted on the Company's website) Creditor objection filing period: start date June 4, 2026; end date July 6, 2026 Merger effective date: July 7, 2026 Completion report board resolution date and announcement: July 7, 2026 Expected merger registration date: July 8, 2026

Note 1) This merger is conducted as a small-scale merger under Article 527-3 of the Commercial Act, so the general shareholders' meeting resolution for merger approval is replaced by a board resolution, and pursuant to Article 527-3, Paragraph 5 of the Commercial Act, appraisal rights (share purchase demand rights) are not granted to shareholders who object to the merger. Note 2) The completion report of this merger will be replaced by the board resolution and announcement procedure pursuant to Article 526, Paragraph 3 of the Commercial Act.

II. Changes in Shareholding of Major Shareholders, etc. Studio Dragon Corporation, the surviving company, holds 100% of the issued shares of Next Scene Co., Ltd., the dissolving company, and this merger was conducted as a merger without capital increase in which no new merger shares are issued. Accordingly, there is no change in the shares held or the shareholding ratio of Studio Dragon Corporation's largest shareholder even after completion of the merger.

III. Exercise of Appraisal Rights (Share Purchase Demand Rights) As this merger is conducted under the small-scale merger procedure of Article 527-3 of the Commercial Act, appraisal rights are not granted. Pursuant to Article 527-3 of the Commercial Act, notices of objection to the small-scale merger were received from May 15, 2026 to June 1, 2026. A total of 1,941 shareholders notified their objection to this merger, and the number of shares for which objection was expressed totaled 199,521 shares (0.66% of total issued shares).

IV. Matters Concerning Creditor Protection Studio Dragon Corporation, the surviving company, and Next Scene Co., Ltd., the dissolving company, carried out the creditor objection filing announcement and notice on June 2, 2026, and as of the expiration of the creditor objection filing period on July 6, 2026, no creditor had filed an objection.

V. Status of Related Litigation As of the date of submission of this report, no lawsuit has been filed in connection with this merger that could affect the validity of the merger.

VI. Matters Concerning Allotment of New Shares, etc. Not applicable, as this merger is conducted as a merger without capital increase in which no new shares are issued.

VII. Summary Financial Information Before and After the [Merger, etc.] (As of: March 31, 2026) (Unit: KRW thousand) Categories shown: Studio Dragon Corporation (surviving company, before merger) / Next Scene Co., Ltd. (dissolving company, before merger) / Studio Dragon Corporation (after merger, estimated)

Current assets: 208,660,185 / 305,586 / 208,965,771 Cash and cash equivalents: 14,620,557 / 291,471 / 14,912,028 Trade receivables: 80,775,168 / - / 80,775,168 Other current assets: 113,264,460 / 14,115 / 113,278,575 Non-current assets: 720,860,824 / 791,157 / 720,276,839 Financial assets at fair value through other comprehensive income: 112,755,265 / - / 112,755,265 Long-term financial assets at fair value through profit or loss: 2,656,895 / - / 2,656,895 Investments in subsidiaries: 245,769,370 / - / 225,769,370 Property and equipment: 4,361,988 / - / 4,361,988 Intangible assets: 135,846,279 / - / 154,471,137 Other non-current assets: 219,471,027 / 791,157 / 220,262,184 Total assets: 929,521,009 / 1,096,743 / 929,242,610 Current liabilities: 171,142,477 / 33,848 / 171,176,325 Non-current liabilities: 11,811,168 / - / 11,993,491 Total liabilities: 182,953,645 / 33,848 / 183,169,816 Capital stock: 15,029,249 / 5,000 / 15,029,249 Share premium: 473,362,845 / - / 473,362,845 Other capital items: (183,611) / - / (678,181) Accumulated other comprehensive income: (33,327,907) / - / (33,327,907) Retained earnings: 291,686,788 / 1,057,895 / 291,686,788 Total equity: 746,567,364 / 1,062,895 / 746,072,794 Total liabilities and equity: 929,521,009 / 1,096,743 / 929,242,610

Note 1) The above summary statement of financial position is prepared based on the separate statements of financial position of Studio Dragon Corporation and Next Scene Co., Ltd. as of March 31, 2026, the most recent financial statements available as of the date of submission of this completion report on merger, and may differ from the statement of financial position to be prepared as of the actual merger effective date (July 7, 2026). Note 2) The above post-merger financial statements have not been audited (reviewed) by an external auditor and may change depending on the external auditor's audit (review).