VS MEDIA Holdings Ltd (VSME) is the issuer whose Class A ordinary shares Warner Bros. Discovery, Inc. and its indirect wholly owned subsidiary, Discovery Networks Asia-Pacific Pte. Ltd., report as beneficially owned. Discovery Networks directly holds 11,720 shares; Warner Bros. Discovery may be deemed to beneficially own those same shares. Its reported shared voting and dispositive power covers 11,720 shares. The reported ownership is 0.4% of the class, based on 2,750,784 shares outstanding as of August 21, 2026. The filing identifies the ownership as 5% or less of the class.
Positive
None.
Negative
None.
Key Figures
Beneficially owned Class A ordinary shares:11,720 sharesClass ownership percentage:0.4%Class A ordinary shares outstanding:2,750,784 shares
3 metrics
Beneficially owned Class A ordinary shares11,720 sharesDirectly held by Discovery Networks; Warner Bros. Discovery may be deemed to beneficially own the same shares.
Class ownership percentage0.4%Based on 2,750,784 Class A ordinary shares outstanding as of August 21, 2026.
Class A ordinary shares outstanding2,750,784 sharesAs of August 21, 2026.
Key Terms
beneficially own, Shared Voting Power, Shared Dispositive Power
3 terms
beneficially ownregulatory
"WBD may be deemed to beneficially own the 11,720 Class A Ordinary Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Shared Voting Powerregulatory
"Shared Voting Power 11,720.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 11,720.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many VSME shares did Warner Bros. Discovery report owning?
Warner Bros. Discovery, Inc. and its indirect wholly owned subsidiary Discovery Networks Asia-Pacific Pte. Ltd. report beneficial ownership of 11,720 VS MEDIA Class A ordinary shares, equal to 0.4% of the class. Discovery Networks is the direct holder; the percentage uses 2,750,784 shares outstanding as of August 21, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
VS MEDIA HOLDINGS LIMITED
(Name of Issuer)
Class A Ordinary Shares, no par value
(Title of Class of Securities)
G9517U111
(CUSIP Number)
09/25/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G9517U111
1
Names of Reporting Persons
Warner Bros. Discovery, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
11,720.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,720.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,720.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Row 11: Based on 2,750,784 shares of VS MEDIA Holdings Limited's (the "Issuer") Class A Ordinary Shares outstanding as of August 21, 2026, as reported in the Issuer's Amendment No. 2 to Form F-3 filed with the Securities and Exchange Commission (the "SEC") on August 21, 2026.
SCHEDULE 13G
CUSIP Number(s):
G9517U111
1
Names of Reporting Persons
Discovery Networks Asia-Pacific Pte. Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
11,720.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,720.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,720.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Row 11: Based on 2,750,784 shares of the Issuer's Class A Ordinary Shares outstanding as of August 21, 2026, as reported in the Issuer's Amendment No. 2 to Form F-3 filed with the SEC on August 21, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
VS MEDIA HOLDINGS LIMITED
(b)
Address of issuer's principal executive offices:
3 International Business Park #03-29, Nordic European Centre, Singapore 609927
Item 2.
(a)
Name of person filing:
Warner Bros. Discovery, Inc. ("WBD"); Discovery Networks Asia-Pacific Pte. Ltd. ("Discovery Networks")
(b)
Address or principal business office or, if none, residence:
Warner Bros. Discovery, Inc. - 230 Park Avenue South, New York, New York 10003; Discovery Networks Asia-Pacific Pte. Ltd. - 21 Media Circle, #08-01 Infinite Studios, Singapore 138562
(c)
Citizenship:
Warner Bros. Discovery, Inc. - Delaware; Discovery Networks Asia-Pacific Pte. Ltd. - Singapore
(d)
Title of class of securities:
Class A Ordinary Shares, no par value
(e)
CUSIP No.:
G9517U111
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See the responses to Item 9 on the attached cover pages. Discovery Networks is the direct holder of 11,720 Class A Ordinary Shares. Because Discovery Networks is an indirect wholly-owned subsidiary of WBD, WBD may be deemed to beneficially own the 11,720 Class A Ordinary Shares held directly by Discovery Networks and share voting and investment power over such shares.
(b)
Percent of class:
See the responses to Item 11 on the attached cover pages. The percentages reported in Item 11 of the attached cover pages are based upon 2,750,784 shares of the Issuer's Class A Ordinary Shares outstanding as of August 21, 2026, as reported in the Issuer's Amendment No. 2 to Form F-3 filed with the SEC on August 21, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the responses to Item 5 on the attached cover pages.
(ii) Shared power to vote or to direct the vote:
See the responses to Item 6 on the attached cover pages.
(iii) Sole power to dispose or to direct the disposition of:
See the responses to Item 7 on the attached cover pages.
(iv) Shared power to dispose or to direct the disposition of:
See the responses to Item 8 on the attached cover pages.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Warner Bros. Discovery, Inc.
Signature:
/s/ Tara L. Smith
Name/Title:
Tara L. Smith; Executive Vice President and Corporate Secretary
