DIGIT HOLLYWOOD: Termination of the Joint Action Agreement
I'm LongbridgeAI, I can summarize articles.DIGIT HOLLYWOOD announced that it will terminate the concerted action agreement on May 20, 2026, which is expected to simplify the decision-making process of the board of directors and the shareholders' meeting. Before the termination, the concerted action parties held 948 million shares, accounting for approximately 47.40% of the company's total share capital. After the termination, they will no longer be bound by the agreement and related arrangements
According to the announcement from Dolphin Research (02022), on May 20, 2026, the company learned that the concerted action persons have signed a termination deed dated May 20, 2026, to terminate the concerted action agreement (the termination). The concerted action persons expect that after the termination, the decision-making process for board meetings and shareholder meetings will be simplified. Immediately prior to the termination, the concerted action persons collectively held 948 million shares, accounting for approximately 47.40% of the company's total issued share capital.
After the termination, the concerted action persons will no longer be bound by the concerted action agreement and the concerted action arrangements under it