Material event report (equity acquisition)

A later amendment corrects this filing, so the terms on this page may be out of date. See the latest version (2026-10-13) →

What happened

Material event report / Matters subject to KRX reporting obligation To the Financial Services Commission / Korea Exchange September 29, 2026 Company name: Ascendio Co., Ltd. CEO: Kim Seong-gyu Head office address: Room 717, 7th floor, 503 Teheran-ro, Gangnam-gu, Seoul (Phone) 1544-0332 (Website) http://ascendio.co.kr Preparer: (Title) CEO (Name) Kim Seong-gyu (Phone) 1544-0332

Decision to acquire shares and equity securities of another company

1. Issuing company: company name Balla Company Co., Ltd.; nationality Republic of Korea; representative Jo Seung-uk; capital stock (KRW) 500,000,000; relationship with the Company -; total shares issued 100,000; main business: planning and production of video content - Whether new shares were acquired via third-party allotment within the last 6 months: No 2. Acquisition details: number of shares acquired 100,000; acquisition amount (A) (KRW) 7,500,000,000; total assets (B) (KRW) 10,908,493,362; ratio to total assets (A/B) 68.75%; equity capital (C) (KRW) 33,544,538,340; ratio to equity capital (A/C) 22.36% 3. Shares owned and equity ratio after acquisition: shares owned 100,000; equity ratio 100% 4. Purpose of acquisition: Business diversification and synergy with existing business 5. Expected acquisition date: October 13, 2026 6. Counterparty: company name (person) Goo Na-yeon and 2 others; capital stock -; main business -; head office address: 5th floor, 14 Jandari-ro, Mapo-gu, Seoul; relationship with the Company - 7. Payment of the transaction price (1) Payment form: cash payment (2) Timing of payment: down payment September 29, 2026 (KRW 2,500,000,000); balance October 13, 2026 (KRW 5,000,000,000) (3) Funding method: cash on hand 8. Matters concerning external valuation - Whether an external valuation was conducted: Yes - Basis and reason: (1) Basis: prepared to be used as an attachment to the material event report filed with the Financial Services Commission under Article 161 of the FSCMA and Article 171 of its Enforcement Decree. (2) Reason: to provide reference material for judging the appropriateness of the acquisition price and for use as an attachment to the material event report filed under the FSCMA. - Name of the external valuation institution: Royal Accounting Corp. - External valuation period: September 11, 2026 to September 21, 2026 - External valuation opinion: Appropriate (see the external valuation institution's opinion letter for details) 9. Board resolution date (decision date): September 29, 2026 - Attendance of independent (outside) directors: present 1; absent 1 - Attendance of auditor (audit committee member who is not an independent/outside director): present 10. Whether this constitutes a backdoor listing: No - Plans for a third-party-allotted capital increase, etc. within the next 6 months: Yes 11. Whether the issuing company (the other company) meets backdoor-listing requirements: No 12. Whether subject to Fair Trade Commission reporting: Not applicable 13. Whether a put-option or similar agreement was executed: No; contract details: - * An independent director applies to listed companies and an outside director to unlisted companies. 14. Plans for future corporate restructuring: As of the date of this report, the Company has no specific plans for corporate restructuring. 15. Other important matters for investment decisions (1) The capital stock and total shares issued in "1." above are as of the date of this report. (2) The total assets and equity capital in "2." above are based on the Company's consolidated financial statements as of the end of its most recent fiscal year (end of 2025). (3) The "5. Expected acquisition date" above is the transaction closing date on which the share acquisition and payment procedures are completed, and may change through consultation with the counterparty and relevant authorities. (4) For other details, please refer to the attached external valuation institution's opinion letter. Related disclosures: None.

[Summary financial condition of the issuing company] (Unit: KRW million) - Current year (H1 2026): total assets 1,129; total liabilities 900; total equity 229; capital stock 500; revenue 2,801; net income 388; audit opinion -; external auditor - - Prior year (2025): total assets 708; total liabilities 868; total equity -159; capital stock 500; revenue 1,189; net income -110; audit opinion -; external auditor - - Year before that (2024): total assets 356; total liabilities 405; total equity -49; capital stock 500; revenue 306; net income -549; audit opinion -; external auditor - The issuing company's summary financial condition above is based on the financial statements for the current year (end of June 2026), prior year (2025), and the year before that (2024).