Beat Holdings Withdraws Shareholder Proposal

TOKYO, Aug 03 (Pulse News Wire) – Beat Holdings Limited (9399.T) announced on August 03 that it received notice from the Atari Group, consisting of shareholder Khoo Jie Xiong, Atari Capital Limited holding his shares of 100%, Focus Magic Limited, Xinhua Games (HK) Limited, and Wan Tse Shuen, to withdraw their shareholder proposal submitted on June 13, 2025. The withdrawn proposal was previously disclosed on June 16, 2025.

Beat Holdings stated that any further developments related to this matter will be reported promptly. Additionally, another shareholder proposal from Lian Yih Hann and entities he holds shares of 100% remains pending, according to a previous disclosure dated July 21, 2026. Beat Holdings Limited, established under Cayman Islands law, operates as a global investment firm headquartered in Hong Kong.

It has subsidiaries in Japan, Singapore, Malaysia, Indonesia, China, and Canada. Through its subsidiary New Asia Mobile (Hong Kong) Limited, the company acquires intellectual property rights and licenses. Another subsidiary, GINSMS Inc., listed on the TSX Venture Exchange (TSXV: GOK), provides software products and services.

Investors are advised to review past press releases and statutory filings for comprehensive risk factors and additional information before making investment decisions.