# EDGAR Filing Document

**Accession Number:** 0001951294
**File Stem:** 0001493152-25-027159
**Filing Date:** 2025-12
**Character Count:** 42589
**Document Hash:** 24eb6ea22492cfc64add6ae02ef814d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-027159.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0001493152-25-027159

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20251211

**DATE AS OF CHANGE**: 20251211

**EFFECTIVENESS DATE**: 20251211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VS MEDIA Holdings Ltd
- **CENTRAL INDEX KEY:** 0001951294
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ADVERTISING AGENCIES [7311]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292063
- **FILM NUMBER:** 251563561

**BUSINESS ADDRESS:**
- **STREET 1:** 6/F, KOHO
- **STREET 2:** 75 HUNG TO ROAD, KWUN TONG
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 000000
- **BUSINESS PHONE:** 852 2865 9992

**MAIL ADDRESS:**
- **STREET 1:** 6/F, KOHO
- **STREET 2:** 75 HUNG TO ROAD, KWUN TONG
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 000000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

 ****

 ****

**VS MEDIA HOLDINGS LIMITED**

**(Exact Name of Registrant as Specified in Its Charter)**

---

| | |
|:---|:---|
| **British Virgin Islands** | **Not Applicable** |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong**

**+852 2865 9992**

**(Address of Principal Executive Offices, Including Zip Code)**

**2023 Equity Incentive Plan**

**(Full Title of the Plans)**

**Ms. Nga Fan Wong, Chief Executive Officer**

**6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong**

**+852 2865 9992**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

**Copies to:**

**Lawrence S. Venick, Esq.**

**Loeb & Loeb LLP**

**2206-19 Jardine House**

**1 Connaught Place, Central**

**Hong Kong SAR**

**Telephone: +852-3923-1111**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☒ |  |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

This Registration Statement is filed by VS MEDIA Holdings Limited (the "Registrant") to register additional securities issuable pursuant to the Amended and Restated 2023 Equity Incentive Plan and consists of only those items required by General Instruction E to Form S-8. On November 26, 2025, the Registrant's board of directors adopted an Amended and Restated 2023 Equity Incentive Plan, pursuant to which the maximum aggregate number of shares that may be issued under the 2023 Equity Incentive Plan was adjusted from 4,400,000 (adjusted for post share combination) Class A ordinary shares to 9,850,000 Class A ordinary shares, increased by 5,450,000 Class A ordinary shares. Based on the above, the additional securities registered hereby consist of 5,450,000 Class A ordinary shares.

In accordance with General Instruction E to Form S-8, the contents of the registration statements on Form S-8 (File No. 333-276310), as filed with the Securities and Exchange Commission (the "Commission") on December 29, 2023, are incorporated herein by reference, except as otherwise set forth herein.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The documents listed below have been filed with the U.S. Securities and Exchange Commission (the "Commission") by the Registrant and are incorporated herein by reference to the extent not superseded by documents subsequently filed:

● our annual report on [Form 20-F](https://www.sec.gov/Archives/edgar/data/1951294/000164117225003955/form20-f.htm) for the fiscal year ended December 31, 2024 filed with the SEC on April 14, 2025 (File No. 001-41817);

● our reports of foreign private issuer on Form 6-K filed with the SEC on [January 22, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225003117/form6-k.htm) , [January 27, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225003763/form6-k.htm) , [February 18, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225007107/form6-k.htm) , [February 24, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225007975/form6-k.htm) , [April 30, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000164117225007675/form6-k.htm) , [May 30, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000164117225012988/form6-k.htm) , [June 6, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000164117225013968/form6-k.htm) , [July 3, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000164117225017713/form6-k.htm) , [September 12, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000164117225027142/form6-k.htm) , [October 31, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225020378/form6-k.htm) , [November 26, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225025134/form6-k.htm) , [December 5, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225026296/form6-k.htm) , and [December 10, 2025](https://www.sec.gov/Archives/edgar/data/1951294/000149315225027003/form6-k.htm) ;

● our registration statement on [Form S-8](https://www.sec.gov/Archives/edgar/data/1951294/000149315223046519/forms-8.htm) , [Amendment no.1 to Form S-8](https://www.sec.gov/Archives/edgar/data/1951294/000149315224017146/forms-8pos.htm) , and [Amendment no.2 to Form S-8](https://www.sec.gov/Archives/edgar/data/1951294/000149315225027149/forms-8pos.htm) filed with the SEC on December 29, 2023, April 30, 2024 and December 11, 2025, respectively;

● any future annual reports on Form 20-F filed with the SEC after the date of this prospectus and prior to the termination of the offering of the securities offered by this prospectus;

● the description of the securities contained in our registration statement on Form [8-A](https://www.sec.gov/Archives/edgar/data/1951294/000149315223033840/form8a-12b.htm) filed on September 27, 2023 pursuant to Section 12 of the Exchange Act, together with all amendments and reports filed for the purpose of updating that description;

● any future reports on Form 6-K that we furnish to the SEC after the date of this prospectus that are identified in such reports as being incorporated by reference in this prospectus.

All documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of the filing of such documents. The Registrant is not incorporating by reference any document or portion thereof, whether specifically listed above or to be filed in the future, that is not deemed "filed" with the Commission.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of this Registration Statement to the extent that a statement contained herein (or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein) modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.**

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

Not applicable.

**Item 6. Indemnification of Directors and Officers.**

Our memorandum and articles of association, the BVI Business Companies Act (As Revised), and the common law of the British Virgin Islands allow us to indemnify our officers and directors from certain liabilities. Our memorandum and articles of association provide that we shall indemnify against all expenses, including legal fees, and against all judgments, fines and amounts paid in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings any person who (a) is or was a party or is threatened to be made a party to any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director of our company; or (b) is or was, at the request of our company, serving as a director of, or in any other capacity is or was acting for, another company or a partnership joint venture, trust or other enterprise.

In accordance with, and subject to, our memorandum and articles of association (including the limitations detailed therein), (a) the indemnity referred to above only applies if the person acted honestly and in good faith with a view to the best interests of our company and, in the case of criminal proceedings, the person had no reasonable cause to believe that their conduct was unlawful; (b) the decision of the directors as to whether the person acted honestly and in good faith and with a view to the best interests of our company and as to whether the person had no reasonable cause to believe that his conduct was unlawful is, in the absence of fraud, sufficient for the purposes of the articles of association, unless a question of law is involved; and (c) the termination of any proceedings by any judgment, order, settlement, conviction or the entering of a nolle prosequi does not, by itself, create a presumption that the person did not act honestly and in good faith and with a view to the best interests of our company or that such indemnitee had reasonable cause to believe that his conduct was unlawful.

We may purchase and maintain insurance, purchase or furnish similar protection or make other arrangements including, but not limited to, providing a trust fund, letter of credit, or surety bond in relation to any indemnitee or who at our request is or was serving as a director, officer or liquidator of, or in any other capacity is or was acting for, another enterprise, against any liability asserted against the person and incurred by him in that capacity, whether or not we have or would have had the power to indemnify him against the liability as provided in our memorandum and articles of association.

We have insurance policies under which, subject to the limitations of the policies, coverage is provided to our directors and officers against loss arising from claims made by reason of breach of fiduciary duty or other wrongful acts as a director or officer, including claims relating to public securities matters, and to us with respect to payments that may be made by us to these officers and directors pursuant to our indemnification obligations or otherwise as a matter of law.

We have entered into indemnification agreements with each of our directors and executive officers that may be broader than the specific indemnification provisions contained in the BVI Business Companies Act (As Revised) or our memorandum and articles of association. These indemnification agreements require us, among other things, to indemnify our directors and executive officers against liabilities that may arise by reason of their status or service. These indemnification agreements also require us to advance all expenses incurred by the directors and executive officers in investigating or defending any such action, suit or proceeding. We believe that these agreements are necessary to attract and retain qualified individuals to serve as directors and executive officers.

At present, we are not aware of any pending litigation or proceeding involving any person who is or was one of our directors, officers, employees or other agents or is or was serving at our request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, for which indemnification is sought, and we are not aware of any threatened litigation that may result in claims for indemnification.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission (the "Commission") such indemnification is against public policy as expressed in the Securities Act and is theretofore unenforceable.

**Item 7. Exemption From Registration Claimed.**

Not applicable.

**Item 8. Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 4.1 | [Amended and Restated Memorandum and Articles of Association of VS MEDIA Holdings Limited. (Incorporated by reference to Exhibit 3.2 to VS Media Holdings Limited's Amendment No. 1 to Registration Statement on Form F-1 (File No. 333-273914) filed with the Commission on August 21, 2023).](https://www.sec.gov/Archives/edgar/data/1951294/000149315223027769/ex3-2.htm) |
| 4.2 | [Specimen Class A Ordinary Share Certificate. (Incorporated by reference to exhibit 4.1 to VS Media Holdings Limited's Amendment No. 1 to Registration Statement on Form F-1 (File No. 333-273914) filed with the Commission on August 21, 2023).](https://www.sec.gov/Archives/edgar/data/1951294/000149315223027769/ex4-1.htm) |
| 5.1\* | [Opinion of Maples and Calder (Hong Kong) LLP.](ex5-1.htm) |
| 23.1\* | [Consent of Assentsure PAC](ex23-1.htm) |
| 23.2\* | [Consent of Maples and Calder (Hong Kong) LLP (included in Exhibit 5.1).](ex5-1.htm) |
| 24.1\* | [Power of Attorney (included on the signature page to this Registration Statement).](#Rma_001) |
| 99.1 | [Amended and Restated VS Media Holdings Limited 2023 Equity Incentive Plan. (Incorporated by reference to exhibit 99.1 to the Form 6-K (File No. 001-41817) furnished to the Commission on November 26, 2025).](https://www.sec.gov/Archives/edgar/data/1951294/000149315225025134/ex99-1.htm) |
| 107\* | [Filing Fee Table](ex107.htm) |

---

\* Filed herewith.

**Item 9. Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To
 file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To
 include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To
 reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
 post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
 forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
 the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end
 of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b)
 if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set
 forth in the "Calculation of Registration Fee" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To
 include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement
 or any material change to such information in this Registration Statement;

 

*Provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That,
 for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a
 new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be
 deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To
 remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
 termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of
 the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each
 filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
 in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and
 the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Insofar
 as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
 of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
 Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In
 the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
 or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
 is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will,
 unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
 the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
 by the final adjudication of such issue.

**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, People's Republic of China on December 11, 2025.

---

| | |
|:---|:---|
| **VS MEDIA HOLDINGS LIMITED** | **VS MEDIA HOLDINGS LIMITED** |
| By: | */s/ Nga Fan Wong* |
| Name: | Nga Fan Wong |
| Title: | Chief Executive Officer, Chairman |

---

**<u>SIGNATURES AND POWERS OF ATTORNEY</u>**

Each of the undersigned officers and directors of the Registrant hereby severally constitutes and appoints Nga Fan Wong, acting alone, as his or her true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for him or her and in his or her name, place and stead, and in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and any subsequent registration statement filed pursuant to Rule 462 under the Securities Act, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission and any applicable securities exchange or securities self-regulatory body, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
| */s/ Nga Fan Wong* | Chief Executive Officer, Chairman | December 11, 2025 |
| Nga Fan Wong | (*Principal Executive Officer*) |  |
| */s/ Yuet Wang Mok* | Chief Financial Officer | December 11, 2025 |
| Yuet Wang Mok | (*Principal Financial Officer and Principal Accounting Officer*) |  |
| */s/ Ho Ling Honnus Cheung* | Director | December 11, 2025 |
| Ho Ling Honnus Cheung |  |  |
| */s/ Liqian Liao* | Director | December 11, 2025 |
| Liqian Liao |  |  |
| */s/ Rose Ellen Steinberg* | Director | December 11, 2025 |
| Rose Ellen Steinberg |  |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES**

Pursuant to the Securities Act of 1933 as amended, the undersigned, the duly authorized representative in the United States of America, has signed this registration statement thereto in New York, NY on December 11, 2025.

---

| | |
|:---|:---|
| **Cogency Global Inc** | **Cogency Global Inc** |
| By: | */s/ Colleen A. De Vries* |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

Our ref: YCU/810962-000001/33826175v2

VS MEDIA Holdings Limited

Kingston Chambers

PO Box 173

Road Town

Tortola, VG1110

British Virgin Islands

11 December 2025

Dear Sirs

**VS MEDIA Holdings Limited (the "Company")**

We have acted as counsel as to British Virgin Islands law to the Company and have been asked to provide this legal opinion in connection with the Company's registration statement on Form S-8, including all amendments or supplements thereto (the "**Registration Statement**"), filed with the United States Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933, as amended (the "**Securities Act**") related to the reservation for issuance of 5,450,000 Class A ordinary shares of no par value of the Company (the "**Shares**"), authorised for issuance pursuant to the Company's Amended and Restated 2023 Equity Incentive Plan (the "**Plan**").

---

| | |
|:---|:---|
| **1** | **Documents Reviewed** |

---

We have reviewed originals, copies, drafts or conformed copies of the following documents:

1.1 The
 public records of the Company on file and available for public inspection at the Registry of Corporate Affairs in the British Virgin
 Islands (the "**Registry of Corporate Affairs**") on 10 December 2025, including the Company's Certificate of
 Incorporation and its amended and restated memorandum and articles of association as registered on 25 October 2022 (the "**Memorandum and Articles** ").

![](ex5-1_002.jpg)

1.2 The
 records of proceedings available from a search in respect of the Company of the electronic records maintained on the Judicial Enforcement
 Management System and the E-Litigation Portal from 1 January 2000 and available for inspection on 10 December 2025 at the British
 Virgin Islands High Court Registry (the "**High Court Registry** ").

1.3 The
 written resolutions of the board of directors of the Company dated 26 November 2025 (the "**Resolutions** ").

1.4 A
 certificate of incumbency dated 11 December 2025, issued by Maples Corporate Services (BVI) Limited, the Company's registered
 agent (the "**Registered Agent's Certificate** ").

1.5 A
 certificate of good standing with respect to the Company issued by the Registrar of Corporate Affairs dated 11 December 2025 (the
 "**Certificate of Good Standing** ").

1.6 A
 certificate from a director of the Company (the "**Director's Certificate**") (a copy of which is appended to
 this opinion at Appendix A).

1.7 The
 Registration Statement.

1.8 The
 Plan.

---

| | |
|:---|:---|
| **2** | **Assumptions** |

---

The following opinions are given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion letter. These opinions only relate to the laws of the British Virgin Islands which are in force on the date of this opinion letter. In giving the following opinions we have relied (without further verification) upon the completeness and accuracy, as at the date of this opinion letter, of the Registered Agent's Certificate, the Director's Certificate and the Certificate of Good Standing. We have also relied upon the following assumptions, which we have not independently verified:

2.1 Where
 a document been provided to us in draft or undated form, they will be duly executed, dated and unconditionally delivered by all parties
 thereto in materially the same form as the last version provided to us and, where we have been provided with successive drafts of
 the Plan marked to show changes to a previous draft, all such changes have been accurately marked.

2.2 Copies
 of documents, conformed copies or drafts of documents provided to us are true and complete copies of, or in the final forms of, the
 originals.

2.3 All
 signatures, initials and seals are genuine.

2.4 That
 all public records of the Company which we have examined are accurate and that the information disclosed by the searches which we
 conducted against the Company at the Registry of Corporate Affairs and the High Court Registry is true and complete and that such
 information has not since then been altered and that such searches did not fail to disclose any information which had been delivered
 for registration but did not appear on the public records at the date of our searches.

2.5 No
 invitation has been or will be made by or on behalf of the Company to the public in the British Virgin Islands to subscribe for any
 of the Shares.

2.6 The
 Company is not a sovereign entity of any state and is not a subsidiary, direct or indirect of any sovereign entity or state.

2.7 There
 is no contractual or other prohibition or restriction (other than as arising under British Virgin Islands law) binding on the Company
 prohibiting or restricting it from entering into and performing its obligations under the Plan.

2.8 No
 monies paid to or for the account of any party under the Plan represents or will represent proceeds of criminal conduct (as defined
 in the Proceeds of Criminal Conduct Act (As Revised)).

2.9 There
 is nothing under any law (other than the laws of the British Virgin Islands) which would or might affect the opinions set out below.

2.10 The
 Company has received, or will receive, cash consideration or non-cash consideration (the "**Consideration**") in consideration
 for the issue of the Shares, and that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Shares have been, or will be, issued for less than their par value; and

(b) to
 the extent that any Shares are, or will be, issued, in whole or in part, for non-cash consideration, the value of the non-cash consideration
 and cash consideration, if any, is not less than the amount to be credited for such Shares,

Save as aforesaid we have not been instructed to undertake and have not undertaken any further enquiry or due diligence in relation to the transaction the subject of this opinion.

---

| | |
|:---|:---|
| **3** | **Opinions** |

---

Based upon, and subject to, the foregoing assumptions and the qualifications set out below, and having regard to such legal considerations as we deem relevant, we are of the opinion that:

3.1 The
 Company is a company limited by shares incorporated with limited liability under the BVI Business Companies Act (As Revised), is
 in good standing at the Registry of Corporate Affairs, is validly existing under the laws of the British Virgin Islands and possesses
 the capacity to sue and be sued in its own name.

3.2 The
 Shares to be offered and issued by the Company pursuant to the provisions of the Plan, have been duly authorised for issue, and when
 issued by the Company pursuant to the provisions of the Plan for the consideration fixed thereto and duly registered in the Company's
 register of members, will be validly issued and (assuming that all of the Consideration is received by the Company) will be fully
 paid and non-assessable, provided that, to the extent that any Shares are to be issued, in whole or in part, for non-cash consideration,
 the Company passes a resolution of directors in respect of such Shares stating:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 amount to be credited for the issue of such Shares; and

(b) that,
 in their opinion, the present cash value of the non-cash consideration and cash consideration, if any, is not less than the amount
 to be credited for such Shares.

---

| | |
|:---|:---|
| **4** | **Qualifications** |

---

The opinions expressed above are subject to the following qualifications:

4.1 To
 maintain the Company in good standing with the Registrar of Corporate Affairs under the laws of the British Virgin Islands, annual
 filing fees must be paid, and certain statutory filings and returns made to the Registrar of Corporate Affairs within the time frame
 prescribed by law. As a consequence of a failure to pay annual filing fees, or to make certain filings or returns, on time, or to
 demonstrate compliance with certain statutory economic substance requirements where relevant, the Company may be liable to be struck
 off the register of companies and dissolved.

4.2 We
 express no opinion as to the meaning, validity or effect of any references to foreign (i.e. non-British Virgin Islands) statutes,
 rules, regulations, codes, judicial authority or any other promulgations and any references to them in the Plan or the Registration
 Statement.

4.3 Under
 British Virgin Islands law, the register of members is *prima facie* evidence of title to shares and this register would not
 record a third party interest in such shares. However, there are certain limited circumstances where an application may be made to
 a British Virgin Islands court for a determination on whether the register of members reflects the correct legal position. Further,
 the British Virgin Islands court has the power to order that the register of members maintained by a company should be rectified
 where it considers that the register of members does not reflect the correct legal position. For the purposes of the opinion given
 in paragraph 3.2, there are no circumstances or matters of fact known to us on the date of this opinion letter which would properly
 form the basis for an application for an order for rectification of the register of members of the Company, but if such an application
 were made in respect of the Company's Ordinary Shares, then the validity of such shares may be subject to re-examination by
 a British Virgin Islands court.

4.4 In
 this opinion letter, the phrase "non-assessable" means, with respect to the issuance of shares, that a shareholder shall
 not, in respect of the relevant shares and in the absence of a contractual arrangement, or an obligation pursuant to the memorandum
 and articles of association, to the contrary, have any obligation to make further contributions to the Company's assets (except
 in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose
 or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

We consent to the filing of this opinion as an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments thereto. In providing our consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

We express no view as to the commercial terms of the Plan or whether such terms represent the intentions of the parties and make no comment with regard to warranties or representations that may be made by the Company.

The opinions in this opinion letter are strictly limited to the matters contained in the opinions section above and do not extend to any other matters.

Yours faithfully

![](ex5-1_003.jpg)

Maples and Calder (Hong Kong) LLP

**Appendix A**

**Director's Certificate**

**Director's Certificate**

November 26, 2025

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| | |
|:---|:---|
| To: | Maples and Calder (Hong Kong) LLP |
|  | 26th Floor, Central Plaza |
|  | 18 Harbour Road |
|  | Wanchai, Hong Kong |

---

Dear Sirs

**VS MEDIA Holdings Limited (the "Company")**

I, the undersigned, being a director of the Company, am aware that you are being asked to provide a legal opinion in relation to certain aspects of British Virgin Islands law (the "**Opinion**"). Unless otherwise defined herein, capitalised terms used in this certificate have the meaning given to them in the Opinion. I hereby certify that:

---

| | |
|:---|:---|
| 1 | The Memorandum and Articles of Association of the Company registered on 25 October 2022 remain in full force and effect and are unamended. |
| 2 | The Resolutions were duly passed in the manner prescribed in the Memorandum and Articles (including, without limitation, with respect to the disclosure of interests (if any) by directors of the Company) and have not been amended, varied or revoked in any respect. |
| 3 | The Company is authorised to issue an unlimited number of Class A ordinary shares of no par value and Class B ordinary shares of no par value. |
| 4 | The shareholders of the Company (the "**Shareholders**") have not restricted or limited the powers of the directors of the Company in any way. |
| 5 | The directors of the Company at the date of the Resolutions and at the date of this certificate were and are as follows: |

---

Ho Ling, Honnus Cheung

Liqian Liao

Nga Fan Wong

Rose Ellen Steinberg

---

| | |
|:---|:---|
| 6.0 | The minute book and corporate records of the Company as maintained at its registered office in the British Virgin Islands and on which the Registered Agent's Certificate was prepared are complete and accurate in all material respects, and all minutes and resolutions filed therein represent a complete and accurate record of all meetings of the Shareholders and directors (or any committee thereof) (duly convened in accordance with the memorandum and articles of the Company then in effect) and all resolutions passed at the meetings, or passed by written resolution or consent, as the case may be. |
| 7.0 | The Company has not created any charges over any of its property or assets. |
| 8.0 | Prior to, at the time of, and immediately following the implementation of the Plan the Company was, or will be, able to pay its debts as they fell, or fall, due, and the transactions to which the Plan relate will not cause the Company to become unable to pay its debts as they fall due. The Company has entered, or will enter, into the Plan for proper value and not with an intention to defraud or hinder its creditors or by way of fraudulent preference or wilfully defeat an obligation owed to any creditor and the transactions contemplated thereby do not and will not give any creditor an unfair preference. |

---

---

| | |
|:---|:---|
| 9.0 | Neither the Company nor any of its subsidiaries (if any) has an interest in any land in the British Virgin Islands. |
| 10.0 | Each director of the Company considers the transactions contemplated by the Plan to be of commercial benefit to the Company and has acted in good faith in the best interests of the Company, and for a proper purpose of the Company, in relation to the transactions which are the subject of the Opinion. |
| 11.0 | To the best of my knowledge and belief, having made due inquiry, the Company is not the subject of legal, arbitral, administrative or other proceedings in any jurisdiction. Nor have the directors and/or the Shareholders taken any steps to have the Company struck off or placed in liquidation, nor have any steps been taken to wind up the Company. Nor has any receiver been appointed over any of the Company's property or assets. |
| 12.0 | To the best of my knowledge and belief, having made due inquiry, there are no circumstances or matters of fact existing which may properly form the basis for an application for an order for rectification of the register of members of the Company. |
| 13.0 | The Shares to be issued pursuant to the Registration Statement have been, or will be, duly registered, and will continue to be registered, in the Company's register of members. |
| 14.0 | The Company is not a central bank, monetary authority or other sovereign entity of any state and is not a subsidiary, direct or indirect, of any sovereign entity or state. |

---

*[Signature page follows]*

 

 

I confirm that you may continue to rely on this certificate as being true and correct on the day that you issue the Opinion, unless I shall have previously notified you in writing personally to the contrary.

---

| | |
|:---|:---|
| Signature: | */s/Wong Nga Fan* |
| Name: | Wong Nga Fan |
| Title: | Director |

---

## Exhibit 23.1

**Exhibit 23.1**

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| | |
|:---|:---|
| ![](ex23-1_001.jpg) | **Assentsure PAC** |
| ![](ex23-1_001.jpg) | **UEN – 201816648N** |
| ![](ex23-1_001.jpg) | 180B Bencoolen Street 03-01 |
| ![](ex23-1_001.jpg) | The Bencoolen Singapore 189648 |
| ![](ex23-1_001.jpg) | http://www.assentsure.com.sg |

---

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated April 14, 2025, with respect to the consolidated financial statements of VS Media Holdings Limited and its subsidiaries, appearing in its Annual Report on Form 20-F for the year ended December 31, 2024.

/s/ Assentsure PAC

Singapore

December 11, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit 107**

**Calculation of Filing Fee Tables**

**Form S-8**

**VS MEDIA HOLDINGS LIMITED**

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security<br> Type** | **Fee<br> Calculation<br> or Carry<br> Forward Rule** | **Amount<br> Registered<sup>(1)</sup>** | **Proposed<br> Maximum<br> Offering<br> Price Per<br> Unit** | **Maximum<br> Aggregate<br> Offering<br> Price<sup>(1)</sup>** | **Fee<br> Rate** | **Amount of<br> Registration<br> Fee** |
| Fees to Be Paid | Equity Class A Ordinary Shares, no par value<br> per share<sup>(2)</sup> | 457(c) and 457(h)5450000<sup>(2)(3)</sup> |  | $0.11 | $599500 | 0.0001381 | $82.80 |
|  | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | $599500 | 0.0001381 | $82.80 |
|  | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  | $- |
|  | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $- |
|  | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $82.8 |

---

(1) This
 Registration Statement on Form S-8 (this "Registration Statement") covers additional Class A ordinary shares, no par
 value ("Class A Ordinary Shares"), of VS Media Holdings Limited (the "Registrant"), that may become issuable
 under the VS Media Holdings Limited Amended and Restated 2023 Equity Incentive Plan (the "Plan"). Pursuant to Rule 416
 under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover additional
 Class A Ordinary Shares which may become issuable by reason of any stock split, stock dividend, recapitalization, or other similar
 transaction effected without consideration which results in the increase in the number of the Registrant's outstanding Class
 A Ordinary Shares. Any Class A Ordinary Shares covered by an award granted under the Plan (or portion of an award) that terminates,
 expires or lapses for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number
 of Class A Ordinary Shares that may be issued under the Plan.

(2) Represents
 additional Class A Ordinary Shares reserved for issuance under the Plan.

(3) These
 shares represent the Class A Ordinary Shares that have been added to the award pool pursuant to the amendment to the original 2023
 Equity Incentive Plan, which were not previously registered under the registration statements on Form S-8 (File No. 333-276310), as
 filed with the Securities and Exchange Commission on December 29, 2023.

(4) Estimated
 for the purpose of calculating the registration fee in accordance with Rules 457(c) and 457(h) under the Securities Act, based on
 the average of the high and low prices of the Class A Ordinary Shares reported on Nasdaq on December 5, 2025, which was US$0.11
 per share.

N/A