US Market News
1時間前
Pop Culture Group Co., Ltd Announces Pricing of $8 Million Registered Direct OfferingJune 12, 2026 8:45 AM
PR Newswire (US) XIAMEN, China, June 12, 2026 /PRNewswire/ -- Pop Culture Group Co., Ltd (NASDAQ: CPOP) (the "Company"), today announced that it has entered into a securities purchase agreement with a new fundamental institutional investor for the purchase and sale of 53,333,333 Class A Ordinary Shares of the Company, par value $0.01 per share (the "Shares") or pre-funded warrants in lieu thereof, at an offering price of $0.15 per share in a registered direct offering (the "Offering"). Each pre-funded warrant entitles its holder to purchase one Share.The gross proceeds to the Company from the Offering are estimated to be approximately $8 million before deducting the placement agent's fees and other estimated offering expenses. The Offering is expected to close on or about June 15, 2026, subject to the satisfaction of customary closing conditions.Univest Securities, LLC is acting as the sole placement agent for the Offering.The Offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-292982) previously filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on January 27, 2026 and declared effective on February 9, 2026. A final prospectus supplement and accompanying prospectus describing the terms of Offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info @rickh.This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov.About Pop Culture Group Co., Ltd Pop Culture Group Co., Ltd is a Chinese pop culture company headquartered in Xiamen, China. The Company aims to promote Chinese pop culture and its values while fostering cultural exchanges between the United States and China. With the values of Chinese pop culture at its core and the younger generation as its primary target audience, the Company hosts entertainment events, operates Chinese pop culture online programs, and provides event planning and execution services and brand promotion services to corporate clients. In recent years, the Company has focused on developing and hosting its own Chinese pop culture events. For more information, visit the Company's website at http://ir.cpop.cn/.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission.For Investor and Media Inquiries Please Contact:Pop Culture Group Co., Ltd
Investor Relations Department
Email:
iHub News
2日前
POP Culture Group Reports Revenue Growth of 65%, Driven by Digital Entertainment Expansion (CPOP)June 10, 2026 10:30 AM
IH Market News Strong gains in digital entertainment helped boost revenue and operating income, highlighting a shift toward higher-growth business segments. Key Investor Takeaways POP Culture Group reported revenue growth of 65% year over year for the six months ended December 31, 2025. Digital entertainment revenue surged 79%, becoming the company’s primary growth engine. Operating income climbed to $6.58 million from $2.72 million a year earlier, reflecting improved operating efficiency. Gross profit in the digital entertainment segment increased despite changing consumer trends in the live entertainment market. POP Culture Group (NASDAQ:CPOP) continues to focus on digital entertainment and pop culture initiatives as its core growth strategy. Why CPOP Stock Is in Focus POP Culture Group reported strong half-year financial results, with net revenue reaching $68.9 million for the six months ended December 31, 2025, compared with $41.8 million in the prior-year period. The company’s digital entertainment business was the primary contributor to growth. Segment revenue increased to $66.57 million from $37.18 million a year earlier, while gross profit rose 8% to $1.85 million. Operating income also improved significantly, reaching $6.58 million versus $2.72 million in the comparable period of 2024. Management attributed the performance to continued expansion of its core business and ongoing efforts to improve operational efficiency while scaling revenue. “In the second half of 2025, the Company’s core business delivered outstanding results, with both revenue and operating income achieving substantial year-over-year growth,” management stated. Why This Matters for Investors The report suggests that POP Culture Group’s transition toward digital entertainment is gaining traction. While the company experienced weaker demand in its live entertainment activities, growth in digital entertainment more than offset that softness, helping drive overall revenue expansion and higher operating profitability. For investors, the improvement in operating income may be particularly noteworthy because it indicates that revenue growth is increasingly translating into stronger operating performance rather than simply expanding business volume. Management’s comments also point to shifting consumer behavior within the entertainment sector. Demand appears to be concentrating around premium intellectual property, established performers, and highly differentiated content, which may influence how the company allocates resources going forward. The results could strengthen the company’s growth narrative by demonstrating that its digital-focused strategy is generating measurable financial gains while improving operational efficiency. What to Watch Next Investors will likely monitor whether the digital entertainment segment can maintain its growth trajectory and continue improving profitability. Future updates on audience engagement, content initiatives, and the company’s ability to navigate changing live entertainment demand trends may provide additional insight into the sustainability of recent growth. Management also indicated that it plans to deepen its focus on pop culture and digital entertainment while continuing to optimize operations, making future execution in these areas an important factor to watch. Pop Culture Group stock price Original: POP Culture Group Reports Revenue Growth of 65%, Driven by Digital Entertainment Expansion (CPOP)
US Market News
2日前
POP Culture Group Reports Stellar Half-Year Results: Robust Business Growth with Revenue Surging 141% Year-Over-YearJune 10, 2026 9:10 AM
PR Newswire (US) XIAMEN, China, June 10, 2026 /PRNewswire/ -- POP Culture Group Co., Ltd. (Nasdaq: CPOP, "POP Culture" or the "Company"), today announced its unaudited financial results for six months ended December 31, 2025. During the reporting period, the Company achieved significant growth in its core business, with strong revenue expansion, improved gross profit, and continued optimization of its cost structure. Overall, the Company demonstrated a sound and favorable trajectory of high-speed growth, reflecting strong operational resilience and substantial growth potential.Significant Revenue Growth Achieves Historic BreakthroughDuring the reporting period, the Company recorded net revenue of $68,902,790, representing a year-over-year increase of 65% compared to $41,813,266 in the same period of 2024, marking a leapfrog expansion in business scale.Digital Entertainment Business Emerges as Core Growth Driver with Improving Gross MarginRevenue from the digital entertainment segment increased from $37.18 million for the six months ended December 31, 2024 to $66.57 million for the same period in 2025, representing growth of 79%. Gross profit reached $1,847,590, an increase of 8% year-over-year, underscoring continuous improvement in core business profitability.Operating Income Shows Substantial ImprovementFor the six months ended December 31, 2025, operating income amounted to $6.58 million, compared to $2.72 million in the corresponding period of 2024, representing a qualitative leap in operational efficiency.Management CommentaryManagement of POP Culture Group stated: "In the second half of 2025, the Company's core business delivered outstanding results, with both revenue and operating income achieving substantial year-over-year growth. These results validate the effectiveness of our business strategy and the Company's core competitiveness in the market. While expanding in scale, we have adhered to disciplined and refined operations, achieving simultaneous improvements in growth velocity and operational quality. The decline in revenue from live entertainment was primarily attributable to a rational adjustment in end-market demand and the waning of post-pandemic revenge spending trends. Consumer preferences are increasingly gravitating toward top-tier IP resources and high-caliber, well-received live entertainment content. Events without distinctive features or leading performers have seen a notable decline in ticket sales. In response, corporate clients have adopted a more prudent investment strategy, pivoting mainly toward project-based collaborations to access premier artist IP resources.""Looking ahead, the Company will continue to focus on the core tracks of pop culture and digital entertainment, deepen its market presence, continuously optimize operational efficiency, and strengthen core business moats. Leveraging our industry advantages and operational capabilities, we are fully committed to driving long-term, sustainable, and healthy development, thereby creating stable long-term value for our shareholders and partners."About POP Culture Group Co., Ltd.Pop Culture Group Co., Ltd is a Chinese pop culture company headquartered in Xiamen, China. The Company aims to promote Chinese pop culture and its values while fostering cultural exchanges between the United States and China. With the values of Chinese pop culture at its core and the younger generation as its primary target audience, the Company hosts entertainment events, operates Chinese pop culture online programs, and provides event planning and execution services and brand promotion services to corporate clients. In recent years, the Company has focused on developing and hosting its own Chinese pop culture events. For more information, visit the Company's website at http://ir.cpop.cn/.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may," or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.For investor and media inquiries, please contact:Pop Culture Group Co., Ltd
Investor Relations Department
Email:
eyeownu
2年前
Entry into Stock Purchase Agreement in Respect of Yi Caishen (Xiamen) Trading Co., Ltd.
On May 29, 2024, Pop Culture Group Co., Ltd, a Cayman Islands company (the “Company”), through its wholly owned subsidiary Pop Culture (HK) Holding Limited, a private company incorporated under the laws of Hong Kong Special Administrative Region (“Pop Culture HK”), entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Shaorong Zheng, a current shareholder of Yi Caishen (Xiamen) Trading Co., Ltd., a limited liability company incorporated in China (the “Target Company”), with respect to the Target Company.
Pursuant to the Stock Purchase Agreement, Pop Culture HK agreed to acquire 98% of the equity interest in the Target Company (the “Target Equity”) from Shaorong Zheng. In consideration of the sale of the Target Equity, the Company agreed to issue to Shaorong Zheng 1,000,000 Class A ordinary shares, par value US$0.01 per share, of the Company with an aggregate value of $1,100,000. The parties agreed to close the transaction within 30 business days after May 29, 2024 or such other date as otherwise agreed by the two parties. The Stock Purchase Agreement contains other customary obligations and rights of the parties.
The foregoing description of the Stock Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Stock Purchase Agreement, which is filed as Exhibit 10.1 to this Form 6-K.
The Stock Purchase Agreement and the transactions contemplated thereby were approved and authorized by the board of directors of the Company on May 29, 2024.
This Form 6-K is hereby incorporated by reference into the registration statement on Form F-3 of the Company (File Number 333-266130), as amended, and into the base prospectus and the prospectus supplement outstanding under the foregoing registration statement, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
eyeownu
2年前
Exhibit 99.1
POP CULTURE GROUP CO., LTD
(incorporated in the Cayman Islands with limited liability)
(NASDAQ: CPOP)
NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
NOTICE IS HEREBY GIVEN THAT the annual general meeting of shareholders (the “Meeting”) of Pop Culture Group Co., Ltd (the “Company”) will be held on June 28, 2024, at 9:30 a.m., Eastern Time, at 3rd Floor, No. 168 Fengqi Road, Jimei District, Xiamen City, Fujian Province, the People’s Republic of China.
In accordance with article 10.14 of the Company’s amended and restated articles of association (the “Articles”), the Company has received the requisite consent of the shareholder or shareholders who, individually or collectively, hold at least ninety per cent of the voting rights of all those who have a right to vote at the Meeting to convene the Meeting on shorter than twenty-one Clear Days’ notice.
The Meeting will be held for the purpose of shareholders considering and, if thought fit, passing the following ordinary resolutions:
1. It is resolved as an ordinary resolution that Zhuoqin Huang be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
2. It is resolved as an ordinary resolution that Wenjuan Qiu be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
3. It is resolved as an ordinary resolution that Zhidi Lin be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
4. It is resolved as an ordinary resolution that Haiquan Hu be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
5. It is resolved as an ordinary resolution that Azhen Lin be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company; and
6. It is resolved as an ordinary resolution that that the re-appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending 30 June 2024 be confirmed, ratified and approved.
The board of directors of the Company (the “Board of Directors”) has fixed the close of business on May 29, 2024 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof. Only holders of Class A Ordinary Shares of par value US$0.01 each and Class B Ordinary Shares of par value US$0.01 each of the Company on the Record Date are entitled to receive notice of and to vote at the Meeting or any adjournment thereof.
Shareholders may obtain a copy of the proxy materials, including the Company’s 2023 annual report, from the Company’s website at cpop.cn or by submitting a request to bodo@cpop.cn.
By Order of the Board of Directors,
/s/ Zhuoqin Huang
Zhuoqin Huang
Chairman of the Board of Directors
Xiamen, China
June 4, 2024
POP CULTURE GROUP CO., LTD
ANNUAL GENERAL MEETING OF SHAREHOLDERS
June 28, 2024
9:30 a.m., Eastern Time
PROXY STATEMENT
The board of directors (the “Board of Directors”) of Pop Culture Group Co., Ltd (the “Company”) is soliciting proxies for the annual general meeting of shareholders (the “Meeting”) of the Company to be held on June 28, 2024, at 9:30 a.m., Eastern Time, at 3rd Floor, No. 168 Fengqi Road, Jimei District, Xiamen City, Fujian Province, the People’s Republic of China, or any adjournment thereof.
In accordance with article 10.14 of the Company’s amended and restated articles of association (the “Articles”), the Company has received the requisite consent of the shareholder or shareholders who, individually or collectively, hold at least ninety per cent of the voting rights of all those who have a right to vote at the Meeting to convene the Meeting on shorter than twenty-one Clear Days’ notice.
Only holders of Class A ordinary shares of par value US$0.01 each (the “Class A ordinary shares”) and Class B ordinary shares of par value US$0.01 each (the “Class B ordinary shares” and together with the Class A ordinary shares, the “ordinary shares”) of the Company of record at the close of business on May 29, 2024 (the “Record Date”) are entitled to attend and vote at the Meeting or at any adjournment thereof. The shareholders entitled to vote and present in person or by proxy or (in the case of a shareholder being a corporate entity) by its duly authorized representative representing not less than one-third of the outstanding ordinary shares carrying the right to vote at the Meeting shall form a quorum.
Any shareholder entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and vote on such shareholder’s behalf. A proxy need not be a shareholder of the Company. Each holder of the Company’s Class A ordinary shares shall be entitled to one vote in respect of each Class A ordinary share held by such holder on the Record Date, and each holder of the Company’s Class B ordinary shares shall be entitled to 100 votes in respect of each Class B ordinary share held by such holder on the Record Date.
PROPOSALS TO BE VOTED ON
At the Meeting, the following ordinary resolutions will be proposed:
1. It is resolved as an ordinary resolution that Zhuoqin Huang be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
2. It is resolved as an ordinary resolution that Wenjuan Qiu be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
3. It is resolved as an ordinary resolution that Zhidi Lin be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
4. It is resolved as an ordinary resolution that Haiquan Hu be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company;
5. It is resolved as an ordinary resolution that Azhen Lin be re-elected as a director of the Company to hold office in accordance with the articles of association of the Company until the next annual general meeting of the Company; and
6. It is resolved as an ordinary resolution that that the re-appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending 30 June 2024 be confirmed, ratified and approved.
The Board of Directors recommends a vote “FOR” each of the Proposals No. 1 – 6.
1
VOTING PROCEDURE FOR HOLDERS OF ORDINARY SHARES
Shareholders entitled to vote at the Meeting may do so either in person or by proxy. Those shareholders who are unable to attend the Meeting are requested to read, complete, sign, date, and return the attached proxy card in accordance with the instructions set out therein.
ANNUAL REPORT TO SHAREHOLDERS
Pursuant to NASDAQ’s Marketplace Rules that permit companies to make available their annual report to shareholders on or through the Company’s website, the Company posts its annual reports on the Company’s website. The annual report for the year ended June 30, 2023 (the “2023 Annual Report”) has been filed with the U.S. Securities and Exchange Commission. The Company adopted this practice to avoid the considerable expense associated with mailing physical copies of such report to record holders. You may obtain a copy of our 2023 Annual Report to shareholders by visiting the “Financials” heading under the “Investors” section of the Company’s website at cpop.cn. If you want to receive a paper or email copy of the Company’s 2023 Annual Report to shareholders, you must request one. There is no charge to you for requesting a copy. Please make your request for a copy to the investor relations contact of the Company, Mike Wu, at bodo@cpop.cn.
2
PROPOSAL NO. 1 THROUGH PROPOSAL NO. 5
RE-ELECTION OF CURRENT DIRECTORS
The Board of Directors currently consists of five members. All five current directors named below will seek re-election at the Meeting.
The Company’s nominating and corporate governance committee recommends, and the Board of Directors concurs, that the five current directors be re-elected.
Each director to be re-elected will hold office until the next annual general meeting of shareholders or until his or her appointment is otherwise terminated in accordance with the Articles.
DIRECTORS FOR RE-ELECTION
Mr. Zhuoqin Huang has been our chief executive officer and chairman of the board of directors since May 6, 2020 and director since January 3, 2020. Mr. Huang has served as the chairman of Xiamen Pop Culture Co., Ltd. (“Xiamen Pop Culture”) since May 2016 and its chief executive officer since August 2008. From March 2005 to August 2008, Mr. Huang served as the chief executive officer of Fujian Zhongtian Chuanxun Advertising Co., Ltd. Xiamen Branch Office, an advertising company. From August 2002 to March 2005, Mr. Huang worked as a brand manager of Swire Coca-Cola Beverages Xiamen Ltd., a manufacturer of non-alcohol beverages. Mr. Huang received his bachelor’s degree in Tourism Economic Management from Huaqiao University in 2002.
Ms. Wenjuan Qiu has served as the Director of General Manager’s Office of Xiamen Pop Culture, responsible for proposing and implementing business strategies of Xiamen Pop Culture, since July 2013. She has also served as the general manager of Hualiu Digital Entertainment (Beijing) International Culture Media Co., Ltd. (“Hualiu Digital”), a wholly owned subsidiary of Xiamen Pop Culture, since April 14, 2022. Before joining Xiamen Pop Culture and Hualiu Digital, she worked at the Market Development Department of Bang Meng Hui Jun Consulting Co. Ltd., a consulting firm, from July 2009 to June 2013. Ms. Qiu holds a bachelor’s degree in e-commerce from Yango University of Fuzhou University.
Mr. Zhidi Lin has served as the Chief Financial Officer and Secretary of the Board of Directors of Xiamen Kaopu Cloud Co. (“Kaopu Cloud”), a cloud service provider, since May 2019. His experience focuses on financial management and risk management. At Kaopu Cloud, Mr. Lin leads the development of a financial management system and the establishment of an integrated financial control system for budgeting, funding, expense reimbursement, and financial analysis. He also formulates Kaopu Cloud’s internal control system and participates in the operation and management of Kaopu Cloud. Before joining Kaopu Cloud, from July 2018 to May 2019, Mr. Lin served as the Chief Financial Officer and Secretary of the Board of Directors of Yew Wah Landscape Co. (“Yew Wah”), a company providing landscape design, planting, and construction services. Mr. Lin was responsible for Yew Wah’s financial management, including initial public offering (“IPO”) financial standardization, tax planning, internal control construction, investment, and financing. He was also in charge of equity financing, bank financing, foreign investment, and IPO, and coordinating the daily work of Yew Wah’s Board of Directors. Mr. Lin holds a bachelor’s degree in food science and engineering from Jimei University in 2007, and a master’s degree in economics from Fujian Normal University in 2010.
Mr. Haiquan Hu has served as the general manager of Giant Master Culture Development Co., Ltd (“Giant Master”), a culture development company, since October 2008, the general manager of Hangzhou Jujiang Star Electronic Commerce Co., LTD (“Jujiang Star”), a multi-channel network provider collaborating with influencers to provide audience development, content programming, creator collaborations, digital rights management, monetization, and/or sales, since June 2020, and the founder of Haiquan Fund, a venture capital fund focusing on artificial intelligence, healthcare, and entertainment areas, since 2013. Mr. Hu is responsible for formulating strategic planning and management policies at both Giant Master and Jujiang Star. At Haiquan Fund, Mr. Hu determines the investment direction of the fund, and is one of the members of the investment committee. He has rich experience in the entertainment and culture industries. Mr. Hu holds a bachelor’s degree in foreign trade from Shenyang Radio and Television University.
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