Governance structure
Company with an Audit & Supervisory Board20.00% indirect ownership) and Image Frame Investment (HK) Limited (20.00% direct ownership). Both are listed as other affiliated companies.
When one company holds most of the voting rights, its wishes are more likely to prevail in management. How the interests of minority shareholders are protected is a key issue.
No changes from the previous report are described.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit & Supervisory Board |
| Number of directors | 8 directors (including 6 outside directors) |
| Controlling shareholder | Tencent Holdings Limited (20.00% indirect ownership) and Image Frame Investment (HK) Limited (20.00% direct ownership). Both are listed as other affiliated companies. |
| Changes this time | No changes from the previous report are described. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company explains that Tencent Holdings Limited is the parent company of Image Frame Investment (HK) Limited and is the top-level capital company within the group with the ability to determine the group's direction, and therefore has the greatest influence on the listed company. It also states that there are no de facto restrictions imposed by Tencent Holdings Limited, and that the company conducts its business independently and maintains its independence.