Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 43

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 43
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 Ordinary Shares will be entitled to twenty (20) votes per share. Due to the disparate voting powers associated with our two classes of ordinary shares, Hong Zhifang, our Chief Executive Officer, director and Controlling Shareholder, will beneficially own approximately 31.14% of our outstanding Ordinary Shares representing 90.04% of the total voting power of the aggregate voting power of our Company immediately following the completion of this offering, assuming that the underwriters do not exercise their over-allotment option.The interests of our Controlling Shareholder may not coincide with your interests, and it may make decisions with which you disagree, including decisions on important topics such as the composition of the board of directors, compensation, management succession, and our business and financial strategy. To the extent that the interests of our Controlling Shareholder differ from your interests, you may be disadvantaged by any action that they may seek to pursue. This concentrated control could also discourage others from pursuing any potential merger, takeover or other change of control transactions, which could have the effect of depriving the holders of our Class A Ordinary Shares of the opportunity to sell their shares at a premium over the prevailing market price.

Our Controlling Shareholder currently owns an aggregate of 34.06% of our outstanding Ordinary Shares representing 91.17% of the total voting power, and approximately 31.14% of our outstanding Ordinary Shares representing approximately 90.04% of the total voting power immediately after the completion of this offering, assuming that the underwriters do not exercise their over-allotment option. Our corporate actions will be substantially controlled by our Controlling Shareholder, who will have the ability to control or exert significant influence over important corporate matters that require approval of shareholders, which may deprive you of an opportunity to receive a premium for your shares and materially reduce the value of your investment.

Currently, Hong Zhifang, our Chief Executive Officer and director, through RongStar Holdings Ltd,beneficially owns an aggregate of approximately 34.06% of our outstanding Ordinary Shares representing approximately 91.17% of the total voting power of our outstanding Ordinary Shares. Upon the completion of this offering, we will be a “controlled company” as defined under the Nasdaq Stock Market Rules because after the offering, our Controlling Shareholder will beneficially own 31.14% of our ordinary shares issued and outstanding, and 90.04% of our aggregate voting power, assuming the underwriters do not exercise their over-allotment option.

As a