Company: DKI
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0001641172-25-006135
Chunk: 109

Company: DarkIris Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 109
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2025, DarkIris acquired the equity interest of Quantum from Xiqi. DarkIris issued a total of 50,000 Ordinary Shares to the ultimate shareholders of Xiqi and Turing in exchange for their shares owned in Quantum and Turing. We refer to this series of transactions as reorganization. After the reorganization, Quantum became a wholly-owned subsidiary of DarkIris and is one of our operating entities primarily engaged in games development and publishing. On November 4, 2024, DarkIris acquired 100% equity interest in Hongkong Stellar Wisdom Co., Limited at nil consideration, in preparation for future business. As of the date of this prospectus, Stellar is a dormant company and has not commenced operations since registration, and its net assets were zero. Turing is a wholly-owned subsidiary of Quantum after reorganization.

Our Controlling Shareholder currently owns 34.06% of our Ordinary Shares, which represents 91.17% of our aggregate voting power and, upon consummation of this offering, our Controlling Shareholder will own [*]% of our Ordinary Shares, which represents [*]% of the total voting power of our outstanding Ordinary Shares. See “ Risk Factors – Risks Related to This Offering and the Class A Ordinary Shares”.

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<div align='center'>BUSINESS</div>

Overview

DarkIris Inc. is a holding
company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operates substantially all of our
business through our subsidiaries in Hong Kong, namely Quantum Arts Co., Limited (“Quantum”) and Hongkong Stellar Wisdom
Co., Limited (“Stellar”), and our subsidiary in the PRC, namely Guangzhou Turing Interactive Entertainment Technology Co.,
Ltd (“Turing”).

Operated in Hong Kong and
the PRC, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games
via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as
distribution and operation of mobile games on various platforms. We leverage on (i) the innovative, creative and technical expertise
of the gaming industry communities in Hong Kong and the PRC and (ii) the multicultural environment and diversified interests of
mobile game players in these regions. Our goal is to create and promote a broader array of engaging, immersive, and captivating
mobile game genres to cater to a global audience of gamers. Over the past seven years, we