RESULT OF ANNUAL GENERAL MEETING HELD ON 27 JUNE 2024

Rhea-AI Summary

GigaMedia (NASDAQ: GIGM), a digital entertainment services provider, announced that all resolutions at its Annual General Meeting (AGM) on June 27, 2024, were passed. Key resolutions included the adoption of audited financial statements, the appointment of auditors, approval of directors' remuneration, authority to allot and issue shares, and a share purchase mandate. The resolutions received strong support, with approval percentages ranging from 93.34% to 97.34%.

The detailed voting results are as follows: 96% for the adoption of audited financial statements, 97.34% for the appointment of auditors, 93.62% for directors' remuneration, 93.34% for the authority to allot and issue shares, and 96.63% for the share purchase mandate.

GigaMedia is headquartered in Taipei, Taiwan, and provides digital entertainment services in Taiwan and Hong Kong, focusing on mobile and casual games development, distribution, and operation.

Positive

• All key resolutions at AGM were passed with high approval rates ranging from 93.34% to 97.34%.

Negative

• None.

TAIPEI, June 27, 2024 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider, wishes to announce that at the Annual General Meeting ("AGM") of the Company held on 27 June 2024, all resolutions relating to the matters set out in the Notice of AGM dated 31 May 2024 were duly passed.

Poll Results

The results of the poll in respect of each of the resolutions put to vote at the AGM, as confirmed by scrutineer for the poll at the AGM, are as follow:

Resolution 1 – Adoption of audited financial statements

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
3,711,839	96.00	94,748	2.45	59,832	1.55

Resolution 2 – Approval of appointment of auditors

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
6,151,347	97.34	120,377	1.91	47,431	0.75

Resolution 3 –Approval of Directors' remuneration

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
3,619,812	93.62	215,225	5.57	31,382	0.81

Resolution 4 – Approval for authority to allot and issue shares

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
3,608,837	93.34	243,410	6.30	14,172	0.36

Resolution 5 – Approval for share purchase mandate

FOR		AGAINST		ABSTAIN
No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM	No. of votes	% of total votes exercised at AGM
3,735,957	96.63	116,340	3.01	14,122	0.36

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2024.

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SOURCE GigaMedia

FAQ

What were the outcomes of GigaMedia's AGM held on June 27, 2024?

All resolutions at GigaMedia's AGM on June 27, 2024, were passed with high approval rates, including the adoption of audited financial statements, appointment of auditors, approval of directors' remuneration, authority to allot and issue shares, and a share purchase mandate.

What is the approval percentage for the audited financial statements at GigaMedia's AGM 2024?

The adoption of GigaMedia's audited financial statements was approved by 96% of the votes at the AGM held on June 27, 2024.

How did the shareholders vote on the appointment of auditors at GigaMedia's AGM 2024?

At GigaMedia's AGM on June 27, 2024, the appointment of auditors was approved with 97.34% of the votes.

What was the approval rate for GigaMedia's directors' remuneration in 2024?

GigaMedia's directors' remuneration was approved by 93.62% of the votes at the AGM held on June 27, 2024.

How did GigaMedia shareholders vote on the authority to allot and issue shares in 2024?

The authority to allot and issue shares was approved by 93.34% of the votes at GigaMedia's AGM on June 27, 2024.

What is the outcome of the share purchase mandate resolution at GigaMedia's AGM 2024?

The share purchase mandate was approved with 96.63% of the votes at GigaMedia's AGM on June 27, 2024.