VS MEDIA Holdings Ltd

VS MEDIA Holdings Ltd has announced an Extraordinary General Meeting (EGM) to be held on October 9, 2026. The meeting will consider two key proposals: first, a restructuring of the company's corporate group involving the transfer of shares and the sale of a subsidiary for US$1.00 to dispose of loss-making businesses; and second, the adoption of a Second Amended and Restated Memorandum and Articles of Association. The proposed changes to the M&A include a name change to Forcendra Holding Limited, modifications to share division/combination authorities, a right to redeem Class B Ordinary Shares, a reduced threshold for director removal, modernized notice frameworks, and opting out of Section 175 of the BVI Business Companies Act concerning asset dispositions. Shareholders of record as of September 21, 2026, are eligible to vote.

VS MEDIA Holdings Limited announced several key management changes, effective July 13, 2026. Ms. Chen Shulan was appointed Executive Chairman and Director, Ms. Lim Hui Leng was appointed Independent Director and Chairman of the Audit Committee, and Mr. Yuen Jia Feng Leonard was appointed Chief Financial Officer. These appointments follow the resignations of previous officers, including Ms. Nga Fan Wong, Mr. Yuet Wang Mok, and Mr. Tang Kaidi, none of which were due to disagreements with the company.

VS Media Holdings Ltd announced its strategic plan to enter the AI Smart Living sector, aiming to capitalize on new growth opportunities in smart living products and services, cross-border distribution, and brand promotion. The company intends to leverage its existing strengths in media resources, creator networks, and market reach. Plans include establishing an international business platform, comprising a BVI holding company and a Singapore operating company, and engaging in preliminary discussions with potential partners for strategic cooperation. VS Media cautioned that the business is in its planning stages and subject to uncertainties regarding commercialization and financial outcomes.

VS MEDIA Holdings Ltd (VSME) announced a one-off debt-to-equity conversion with S T Meng, replacing prior conversion mechanics. The conversion price is US$74.70 per share of S T Meng's ordinary shares, with accrued interest settled through cash, waiver, or capitalization. This action irrevocably satisfies the Principal Amount, and as a result, VSME and its subsidiaries now collectively hold 41.52% of the voting rights in S T Meng.