Vividthree Holdings Ltd. EGM Approves Strategic Placement and Company Pivot

Singapore, 17 October 2025 — Vividthree Holdings Ltd. (“Vividthree” or the “Company”) convened its Extraordinary General Meeting (EGM), where shareholders overwhelmingly approved a major share placement, potentially resulting in a transfer of controlling interest, and discussed the Company’s strategic pivot amid ongoing losses.

Key Points from the EGM

• Share Placement Approved: Shareholders voted 100% in favour of a proposed placement of shares to Hildrics Asia Growth Fund VCC (acting on behalf of Hildrics Asia Media & Entertainment Fund) at S\$0.01615 per share. This resolution is a pivotal move for the Company, both financially and in terms of corporate control.
• Potential Transfer of Controlling Interest: The placement may result in Hildrics Asia Growth Fund VCC acquiring a controlling interest in Vividthree, subject to the terms of the share subscription agreement. The Board and shareholders have expressly approved this transfer under Rule 803 of the Catalist Rules.
• Purpose of Fundraising: The capital raised will support Vividthree’s effort to pivot into new business activities in 2025. Management confirmed that the funds are sufficient for the Company’s immediate strategic needs, though additional fundraising may be considered in the future.
• Board Structure: The Board reassured shareholders that there will be no changes to Board composition as a result of this placement.
• Financial Update: The Group’s net loss for FY2025 (ended 31 March 2025) was mainly attributed to non-cash items. Annual overhead expenses are estimated at S\$600,000. The Company is actively working to reduce expenses and is focusing on new business activities to strengthen its financial performance.
• Shareholder Engagement: Shareholders were invited to submit questions before the EGM. No substantial questions were received prior to the meeting, but queries raised during the EGM were addressed by management.

Shareholder Impact and Price-Sensitive Information

• Change in Control: The approved placement may result in the transfer of controlling interest in Vividthree to Hildrics Asia Growth Fund VCC. This is a significant event that could impact share value, governance, and future strategic direction.
• Strategic Pivot: Vividthree is executing a pivot to new business activities, leveraging the funds from the placement. The success or failure of this strategy will be watched closely by investors.
• Financial Health: The Company is experiencing significant losses, mainly non-cash, but is taking steps to reduce costs and improve operations. Investors should monitor future fundraising activities and operational updates.
• Shareholder Support: The placement was unanimously supported by shareholders (44,156,740 votes in favour, 100%), indicating strong confidence in the Company’s strategy.

Detailed EGM Proceedings

The meeting was chaired by Independent Director Royson Wong on behalf of Dr. Ho Choon Hou (who attended via video conference). After confirming the quorum, the Notice of EGM and accompanying Circular were taken as read.

The key resolution was proposed and voted by poll, with B.A.C.S. Private Limited acting as Polling Agent and CACS Corporate Advisory Pte. Ltd. as Scrutineer. After a short break for vote counting, the Chairman declared the resolution carried with unanimous support.

Management addressed shareholder queries during the meeting, including funding sufficiency, expense management, board structure, and the Company’s financial position. The meeting concluded at 10:20 a.m. with a vote of thanks to the Chairman.

Board and Professional Advisors in Attendance

• Dr Ho Choon Hou – Independent Director and Chairman (via video conference)
• Wong Kim Soon Royson – Independent Director
• Yeo Eng Pu, Charles – Executive Director and CEO
• Koh Chink Ee James – Chief Financial Officer
• UOB Kay Hian Private Limited – Sponsor
• B.A.C.S. Private Limited – Share Registrar and Polling Agent
• CACS Corporate Advisory Pte. Ltd. – Scrutineer

Names of shareholders in attendance were withheld in accordance with the Personal Data Protection Act 2012.

Investor Takeaways

• The unanimously approved share placement and potential transfer of control are highly price-sensitive events.
• Vividthree’s strategic pivot and expense management initiatives could shape its future value.
• Investors should monitor further fundraising activities and execution of the new business strategy.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions.

View Vividthree Historical chart here