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GigaMedia Limited Annual General Meeting Results

On June 26, 2025, GigaMedia Limited (NASDAQ: GIGM) held its Annual General Meeting (AGM) and achieved significant resolutions regarding company governance and growth.

Resolutions Passed

During the meeting, shareholders voted on several key resolutions that are fundamental to the company's operation and future. The results of the voting were as follows:

Resolution 1: Adoption of Audited Financial Statements

• - Votes For: 3,850,472 (99.25%)
• - Votes Against: 25,806 (0.67%)
• - Abstain: 2,951 (0.08%)

This resolution involved the approval of the audited financial statements, a routine yet critical component for transparency and accountability in financial reporting.

Resolution 2: Approval of Appointment of Auditors

• - Votes For: 6,608,722 (96.22%)
• - Votes Against: 202,859 (2.95%)
• - Abstain: 56,942 (0.83%)

This resolution confirmed the appointment of auditors, vital for maintaining the credibility of financial reports.

Resolution 3: Approval of Directors' Remuneration

• - Votes For: 3,832,747 (98.80%)
• - Votes Against: 41,075 (1.06%)
• - Abstain: 5,407 (0.14%)

The approval covered the proposed remuneration for directors, reflecting the compensation strategy vital for talent retention at the leadership level.

Resolution 4: Authority to Allot and Issue Shares

• - Votes For: 3,787,887 (97.65%)
• - Votes Against: 86,930 (2.24%)
• - Abstain: 4,412 (0.11%)

This resolution empowers GigaMedia to issue new shares, a strategic move to raise additional capital for further growth initiatives.

Resolution 5: Share Purchase Mandate

• - Votes For: 3,843,218 (99.07%)
• - Votes Against: 31,089 (0.80%)
• - Abstain: 4,922 (0.13%)

The approval allows the company to buy back shares, providing an avenue to enhance shareholder value and manage equity effectively.

Company Overview

GigaMedia Limited, headquartered in Taipei, Taiwan, is known for its innovative digital entertainment services across Asia, especially within Taiwan and Hong Kong. The company prides itself on developing and distributing digital content, emphasizing mobile and casual gaming. For further details, interested parties can visit their official website.

Forward-Looking Statements

It’s crucial for investors to note that some statements made in the meeting are forward-looking and involve risks and uncertainties. Results can differ from expectations, reflecting a natural volatility in the digital entertainment landscape. Full details on these can be found in GigaMedia's latest Annual Report filed with the U.S. Securities and Exchange Commission in April 2025.

By engaging fully with shareholders and addressing key corporate matters head-on, GigaMedia Limited has demonstrated its commitment to transparency and growth, vital attributes for navigating the challenges of the digital entertainment sector.