1. Music Cow, a music investment platform, has opened an auction for AOA's 'ELVIS' with plans to follow up with a special auction and events to commemorate the 1st anniversary of music revenue securities issuance; 2. The auction for 'ELVIS' will run from July 17th to 23rd, offering 2,500 shares of music securities based on the copyright of the song, with a starting price of 17,000 won and a past year's royalty yield of 12.6%; 3. A special event is planned from July 24th, featuring a special auction lineup with royalty yields of 14-20% and various benefits such as point distribution and prize draws.