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K Wave Media Appoints Yong Fang as Chief Financial Officer

1. K Wave Media appointed Yong Fang as new CFO. 2. Fang has extensive experience in capital markets and financial compliance. 3. His leadership is expected to enhance KWM's growth and shareholder value. 4. Fang's previous roles include CFO at Baijiayun Group during expansion. 5. KWM aims to strengthen its market position and financial health.

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Why Bullish?

The appointment of a seasoned CFO typically instills investor confidence. Historical trends show leadership change can boost stock performance, especially with Fang's expertise.

How important is it?

The article highlights a strategic leadership change directly tied to KWM’s growth potential. Engaging a qualified CFO enhances KWM's credibility and operational strategy.

Why Long Term?

Fang's financial strategies may take time to yield significant results. Sustainable growth and compliance improvements are likely to unfold gradually.

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NEW YORK and SEOUL, Nov. 04, 2025 (GLOBE NEWSWIRE) -- K Wave Media (Nasdaq: KWM), a Korean cultural innovation and digital asset company, today announced the appointment of Yong (Howard) Fang as its new Chief Financial Officer (CFO). Fang brings extensive financial and operational expertise to K Wave Media, with a proven track record in capital markets, investor relations, and global financial strategy. Over his career, he has played a pivotal role in helping take two companies public—via both initial public offering (IPO) and reverse takeover (RTO)—and has deep experience in financial reporting, compliance, and capital raising. Before joining K Wave Media, Fang served as Chief Financial Officer of Baijiayun Group (Nasdaq: RTC), where he led financial strategy during a period of significant corporate expansion. He previously held senior finance roles at GigaCloud Technology as Director of Finance, Sanergy Group as Associate Global Controller, and began his career as a Senior Auditor at Marcum LLP. “Howard’s extensive experience with public companies and global financial management makes him a strong addition to our leadership team,” said Ted Kim, CEO of K Wave Media. “As we continue to expand our portfolio and strengthen our financial position, his insight and discipline will be instrumental in driving growth and enhancing shareholder value.” Fang holds a Bachelor of Science in Management from Hunan University, a Master of Science in Accounting and Financial Management from Temple University, and an MBA from Thomas Jefferson University. “I’m excited to join K Wave Media at such a dynamic stage of its evolution,” said Fang. “The company’s vision and momentum are inspiring, and I look forward to helping shape its next chapter of financial growth and global impact.” About K Wave MediaK Wave Media is a diversified entertainment and media company focused on delivering innovative content, digital media experiences, and cultural impact across global markets. Through strategic investments and creative partnerships, K Wave Media continues to expand its influence in film, television, digital platforms, and consumer engagement. Forward-Looking Statements: This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication and on the current expectations of KWM’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KWM. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. If any of these risks materialize or KWM’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KWM does not presently know, or that KWM currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect KWM’s current expectations, plans and forecasts of future events and views as of the date hereof. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of KWM described in KWM’s Form 20-F initially filed with the SEC on May 14, 2025, as amended, including those under “Risk Factors” therein. KWM anticipates that subsequent events and developments will cause its assessments to change. However, while KWM may elect to update these forward-looking statements at some point in the future, KWM specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing KWM’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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