Gravity Co Ltd ADR 2025年年度报告和过渡报告

Securities registered or to be registered pursuant to Section12(b) of the Act: *Not for trading, but only in connection with the listing of American depositary shares on the NASDAQ Global Market pursuantto the requirements of the Securities and Exchange Commission. Securities registered or to be registered pursuant to Section12(g) of the Act: NoneSecurities for which there is a reporting obligation pursuant to Section15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of theperiod covered by the annual report: Shares, par value Won500:6,948,900as ofDecember 31, 2024. Indicate by check mark if the registrant is a well‑known seasoned issuer, as defined in Rule405 of the SecuritiesAct.Yes☐No☑ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuantto Section13 or 15(d) of the Securities Exchange Act of 1934.Yes☐No☑ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS‑T (§232.405 of this chapter) during the preceding 12months (or for such shorterperiod that the registrant was required to submit and such files).Yes☑No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☑Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards† provided pursuant to Section 13(a) of the Exchange Act.☐ †The term “new or revised financial accounting standard” refers to any update issued by the Financial AccountingStandards Board to its Accounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by theregistered public accounting firm that prepared or issued its audit report.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in thisfiling: U.S.GAAP☐InternationalFinancial Reporting Standards as issued by the International Accounting StandardsBoard☑Other☐ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item theregistrant has elected to follow.Item17☐Item18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule12b‑2 of theExchange Act).Yes☐No☑ TABLE OF CONTENTS CERTAIN DEFINED TERMSFORWARD-LOOKING STATEMENTSPART IITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLEITEM 3.KEY INFORMATIONITEM 3.A.ReservedITEM 3.B.Capitalization and IndebtednessITEM 3.C.Reasons for the Offer and Use of ProceedsITEM 3.D.Risk FactorsITEM 4.INFORMATION ON THE COMPANYITEM 4.A.History and Development of the CompanyITEM 4.B.Business OverviewITEM 4.C.Organizational StructureITEM 4.D.Property, Plants and EquipmentITEM 4A.Unresolved Staff CommentsITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTSITEM 5.A.Operating ResultsITEM 5.B.Liquidity and Capital ResourcesITEM 5.C.Research and Development, Patents and Licenses, Etc.ITEM 5.D.Trend InformationITEM 5.E.Critical Accounting EstimatesITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESITEM 6.A.Directors and Senior ManagementITEM 6.B.CompensationITEM 6.C.Board PracticesITEM 6.D.EmployeesITEM 6.E.Share OwnershipITEM 6.F.Disclosure of a registrant’s action to recover erroneously awarded compensa