Marvelous Ends Capital Business Tie-Up With Image Frame Investment Amid Share Sale Plans

TOKYO, Jul 31 (Pulse News Wire) – Marvelous Inc. (7844.T) resolved to dissolve its capital business tie-up with Image Frame Investment (HK) Limited due to the latter's intention to sell its shares.

As a result, several projects will be discontinued, a non-executive director will resign, and there will be changes among major shareholders and related companies. The dissolution follows Image Frame Investment's parent company, Tencent Holdings Limited, revising its investment portfolio and capital allocation strategy. Following discussions, both parties agreed to terminate their partnership effective July 31, 2026. Additionally, Marvelous plans to implement a share buyback program on August 3, 2026, which could further alter shareholder structures. Shin Joon Oh, a non-executive director associated with Tencent Group, resigned, citing the end of the capital business tie-up.

The resignation does not affect the board composition requirements stipulated by law and the articles of incorporation. Changes in major shareholders and related companies are expected on August 3, 2026. Specifically, Image Frame Investment will cease to be considered a major shareholder or controlling stakeholder. Meanwhile, Tencent Holdings Limited will also lose its status as a significant shareholder. New major stakeholders include Zhong Shan Sunxiong and Amuse Capital Investment Co., Ltd.

The restructuring is anticipated to have a minor impact on Marvelous' consolidated performance for the fiscal year ending March 2027.