RESULT OF ANNUAL GENERAL MEETING HELD ON 26 JUNE 2025

Rhea-AI Summary

GigaMedia Limited (NASDAQ: GIGM), a digital entertainment services provider based in Taiwan, announced the successful completion of its Annual General Meeting (AGM) on June 26, 2025. All five resolutions presented were approved by shareholders with strong support.

Key approvals included: adoption of audited financial statements (99.25% in favor), appointment of auditors (96.22% in favor), directors' remuneration (98.80% in favor), authority to allot and issue shares (97.65% in favor), and share purchase mandate (99.07% in favor).

Positive

• Strong shareholder support with over 96% approval for all resolutions
• Approval for authority to allot and issue new shares, providing flexibility for future growth
• Approved share purchase mandate giving company ability to conduct share buybacks

Negative

• None.

TAIPEI, June 26, 2025 /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 26 June 2025, all resolutions relating to the matters set out in the Notice of AGM dated 27 May 2025 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
3,850,472	99.25	25,806	0.67	2,951	0.08

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
6,608,722	96.22	202,859	2.95	56,942	0.83

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
3,832,747	98.80	41,075	1.06	5,407	0.14

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
3,787,887	97.65	86,930	2.24	4,412	0.11

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
3,843,218	99.07	31,089	0.80	4,922	0.13

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 2025.

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SOURCE GigaMedia

FAQ

What were the voting results for GigaMedia's (GIGM) 2025 AGM?

All five resolutions passed with strong shareholder support, ranging from 96.22% to 99.25% approval. This included financial statements adoption, auditor appointment, directors' remuneration, share issuance authority, and share purchase mandate.

What authority was granted to GIGM regarding share issuance in the 2025 AGM?

Shareholders approved the authority to allot and issue shares with 97.65% in favor, giving the company flexibility for potential future share issuances.

Did GigaMedia shareholders approve the share purchase mandate in 2025?

Yes, shareholders approved the share purchase mandate with 99.07% in favor, allowing the company to conduct share buybacks.

What was the voting result for GigaMedia's auditor appointment in 2025?

The appointment of auditors was approved with 96.22% of votes in favor, while 2.95% voted against and 0.83% abstained.