VS Media Holdings Limited Announces 1-for-7 Share Combination

Core Points - VS Media Holdings Limited plans to implement a 1-for-7 share combination of its Class A and Class B ordinary shares, effective June 17, 2024 [1][2] - The objective of the share combination is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market [2] - The share combination was approved by the Company's board of directors on June 5, 2024, and by its shareholders on June 10, 2024 [3] Company Overview - VS Media Holdings Limited manages a network of leading digital creators across the Asia Pacific region, focusing on content-driven social commerce and effective marketing services for brands [4] - The Company was founded in 2013 and partners with over 1,500 creators and more than 1,000 brands to promote and merchandise products and services [4] - VS Media is currently expanding its operations internationally, including markets in Hong Kong, China, Taiwan, and Singapore [4]