Company: DKI
Filing Date: 2025-06-13
Form Type: F-1
Source: 0001641172-25-015001
Chunk: 3

Company: DarkIris Inc.
Filing Date: 2025-06-13
Form: F-1
Chunk 3
---
 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. See “Risk Factor — Our dual-class
voting structure will limit your ability to influence corporate matters and could discourage others from pursuing any change of control
transactions that holders of our Class A Ordinary Shares may view as beneficial.”

Upon the completion of this offering, we will be a “controlled company” as defined under the Nasdaq Stock Market Rules because our Controlling Shareholder will own 5,449,600 Class B Ordinary Shares, representing approximately 31.14% of our total issued and outstanding ordinary shares, and representing approximately 90.04% of the total voting power, assuming the underwriters do not exercise their over-allotment option. For so long as we remain a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements. If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Even if we cease to be a controlled company, we may still rely on exemptions available to foreign private issuers. See section titled “ Risk Factors — Risks Related to This Offering and the Class A Ordinary Shares — We will be a “controlled company” within the meaning of the Nasdaq Stock Market Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.”

We are not a Hong Kong operating company, but an offshore holding company incorporated in the Cayman Islands. As a holding company with no material operations of our own, we conduct substantial part of our operations through our operating subsidiaries in Hong Kong, Quantum Arts Co., Limited (“Quantum”) and Hongkong Stellar Wisdom Co., Limited (“Stellar”). This is an offering of the Class A Ordinary Shares of DarkIris, the holding company in the Cayman Islands, instead of the shares of Quantum and Stellar. References to the “Company”, “we”, “us”, and “our” in the prospectus are to DarkIris, the Cayman Islands entity that will issue the Class A Ordinary Shares being offered. Our Hong Kong subsidiary, Quantum, is the main entity operating the business and generating all revenue and profit stated in the consolidated financial statements of the Company included elsewhere in this prospectus. The Company owns