GigaMedia AGM Sees Overwhelming Shareholder Approval for Key Resolutions

GigaMedia Limited, a Taiwan-based digital entertainment services provider, has announced the results of its Annual General Meeting (AGM) held on June 26, 2025. All five resolutions presented at the meeting were approved with overwhelming shareholder support, including a 99.07% approval for a share buyback mandate and 97.65% for the authority to issue new shares. The adoption of audited financial statements, appointments, and directors' remuneration also received strong approval. GigaMedia Limited continues to strengthen its position in the digital entertainment sector across Taiwan and Hong Kong.

GigaMedia Limited, a Taiwan-based digital entertainment services provider, reported strong shareholder support at its Annual General Meeting (AGM) held on June 26, 2025. All five resolutions presented at the meeting were approved with overwhelming approval, reflecting the confidence of shareholders in the company's leadership and strategy.

The resolutions approved include a 99.07% shareholder approval for a share buyback mandate, indicating strong investor confidence in the company's financial health. Additionally, 97.65% of shareholders approved the authority to issue new shares, providing flexibility for future growth. The adoption of audited financial statements, appointments, and directors' remuneration also received strong approval, underscoring shareholder satisfaction with the company's governance.

GigaMedia Limited continues to strengthen its position in the digital entertainment sector across Taiwan and Hong Kong. The company owns and operates FunTown, a digital entertainment portal offering a wide range of games and services, including mobile and browser-based casual games, player clubs, tournaments, and more. The company's portfolio also includes traditional Chinese games like MahJong, as well as role-playing and sports games such as Tales Runner and Yume 100.

The results of the AGM come amidst positive developments for the company, including its ongoing liquidity agreement with Kepler Cheuvreux. On June 19, 2025, Kepler Cheuvreux bought 3,550 shares on behalf of Bekaert, while selling 2,400 shares, resulting in a net increase of 1,150 shares for Bekaert under the liquidity agreement [1].

GigaMedia Limited's financial performance and strategic initiatives are expected to continue driving growth in the digital entertainment sector, supported by strong shareholder approval and a robust financial foundation.

References:

[1] https://finance.yahoo.com/news/bekaert-share-buyback-program-liquidity-061500214.html