Use the Release PS2 Classics Gui V1 · xXxTheDarkprogramerxXx/PS3Tools · GitHub Link, not the AppVoyer, which for some reason does not have the v28 update, as it states it does in the notes. (Use Setup.exe file in this the GUI V1 Github link and it will update to the latest version (v28).)(OR you...
I too am having this issue. I've Looked all over the place for a Fix, to no avail.
I have all the possible C++ Studio Redists. available for download already on my PC, and have repaired them all, and ran SFC /Scannow in CMD Prompt, no errors...
It seems to be the PNG that is causing this...