UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
VS
MEDIA HOLDINGS LIMITED
(Name
of Issuer)
Class
A Ordinary Shares
Class
B Ordinary Shares
(Title
of Class of Securities)
Class
A Ordinary Shares: G9517U202
(CUSIP
Number)
6/F,
KOHO,
75
Hung To Road,
Kwun
Tong,
Hong
Kong
+852
2865 9992
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October
4, 2023
(Date
of Event which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☐
Note:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
* |
The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page. |
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
1. |
Names
of Reporting Persons.
Amazing
Grace Limited |
2. |
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a)
☐
(b)
☐ |
3. |
SEC
Use Only
|
4. |
Source
of Funds (See Instructions)
OO |
5. |
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
|
6. |
Citizenship
or Place of Organization
British
Virgin Islands |
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With |
7. |
Sole
Voting Power
966,370
(1) |
8. |
Shared
Voting Power
- |
9. |
Sole
Dispositive Power
966,370
(1) |
10. |
Shared
Dispositive Power
-
|
11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
966,370
(1) |
12. |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13. |
Percent
of Class Represented by Amount in Row (11)
26.63%(2)
(assuming conversion of all outstanding
Class B Ordinary Shares into the same number of Class A Ordinary Shares) |
14. |
Type
of Reporting Person (See Instructions)
CO |
(1) |
Represents
(i) 680,655 Class A Ordinary Shares held by Amazing Grace Limited and (ii) 285,715 Class B Ordinary Shares held by Amazing Grace
Limited. Amazing Grace Limited, a British Virgin Islands business company wholly owned by Ms. Nga Fan WONG, our CEO and Chairlady
of the Board of Directors of the Company. Class B Ordinary Shares are convertible at any time by the holder thereof into Class A
Ordinary Shares on a one-for-one basis. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
Each holder of Class A ordinary shares is entitled to one vote per share and each holder of Class B ordinary shares is entitled to
eighteen votes per share on all matters submitted to them for vote. |
|
|
(2) |
Calculated
based on 3,627,978 ordinary shares issued and outstanding as of as of September 23, 2024, being the sum of (i) 3,342,263
Class A Ordinary Shares and (ii) 285,715 Class B Ordinary Shares, assuming conversion of all Class B Ordinary Shares into
Class A Ordinary Shares on a one-for-one basis. |
1. |
Names
of Reporting Persons.
Nga
Fan WONG |
2. |
Check
the Appropriate Box if a Member of a Group (See Instructions)
(a)
☐
(b)
☐ |
3. |
SEC
Use Only
|
4. |
Source
of Funds (See Instructions)
PF |
5. |
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
|
6. |
Citizenship
or Place of Organization
Hong
Kong |
Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With |
7. |
Sole
Voting Power
966,370
(1) |
8. |
Shared
Voting Power
- |
9. |
Sole
Dispositive Power
966,370
(1) |
10. |
Shared
Dispositive Power
- |
11. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
966,370
(1) |
12. |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
|
13. |
Percent
of Class Represented by Amount in Row (11)
26.63%(2)
(assuming conversion of all outstanding
Class B Ordinary Shares into the same number of Class A Ordinary Shares) |
14. |
Type
of Reporting Person (See Instructions)
IN
CO |
(1) |
Represents
(i) 680,655 Class A Ordinary Shares held by Amazing Grace Limited and (ii) 285,715 Class B Ordinary Shares indirectly held by Nga
Fan WONG through Amazing Grace Limited, as of the date hereof. Amazing Grace Limited, a British Virgin Islands business company wholly
owned by Ms. Nga Fan WONG, our CEO and Chairlady of the Board of Directors of the Company. Class B Ordinary Shares are convertible
at any time by the holder thereof into Class A Ordinary Shares on a one-for-one basis. Class A ordinary shares are not convertible
into Class B ordinary shares under any circumstances. Each holder of Class A ordinary shares is entitled to one vote per share and
each holder of Class B ordinary shares is entitled to eighteen votes per share on all matters submitted to them for vote. |
|
|
(2) |
Calculated
based on 3,627,978 ordinary shares issued and outstanding as of as of September 23, 2024, being the sum of (i) 3,342,263 Class A
Ordinary Shares and (ii) 285,715 Class B Ordinary. |
Item
1. Security and Issuer.
This
statement of beneficial ownership on Schedule 13D (this “Statement”) relates to the class A ordinary shares (the “Class
A Ordinary Shares”) of VS MEDIA Holdings Limited (the “Issuer”). The principal executive offices of the Issuer are
located at 6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong. The Class A Ordinary Shares are listed on the Nasdaq Global Market under
the symbol “VSME.”
Item
2. Identity and Background.
|
(a) |
This
Statement is being jointly filed by Amazing Grace Limited, a British Virgin Islands business company, and Nga Fan WONG, an individual
(together, the “Reporting Person”), pursuant to a joint filing agreement, dated October 3, 2024 (the “Joint Filing
Agreement”), which is filed as Exhibit 99.1 to this Schedule 13D and is incorporated by reference herein. |
|
|
|
|
(b) |
The
business address of the Reporting Person is 6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong.
The
principal address of Nga Fan WONG is 6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong. |
|
|
|
|
(c) |
The
principal business of Amazing Grace Limited is a holding company of its passive investment.
Nga
Fan WONG’s principal occupation or employment is director at Amazing Grace Limited, which is principally engaged in the share
investment business and is located at 6/F, KOHO, 75 Hung To Road, Kwun Tong, Hong Kong. |
|
|
|
|
(d)–(e) |
During
the last five years, none of the Reporting Persons has not been (i) convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
|
|
|
|
(f) |
Amazing
Grace Limited is a British Virgin Islands company.
Nga
Fan WONG is a citizen of Hong Kong. |
Item
3. Source and Amount of Funds or Other Consideration.
The
Reporting Person became the beneficial owner of 7,540 ordinary shares of no par value of the Issuer on September 28, 2022. On October
25, 2022, pursuant to a share swap agreement, the Issuer allotted and issued 9,889,423 ordinary shares of no par value to the Reporting
Person. On the same day, 2,000,000 ordinary shares of no par value held by Amazing Grace Limited were re-designated and reclassified
into 2,000,000 Class B Ordinary Shares, 7,896,963 ordinary shares of no par value held by Amazing Grace Limited were re-designated and
reclassified into, 7,896,963 Class A Ordinary Shares. On March 2, 2023, April 24, 2023 and August 7, 2023, the Reporting Person transferred
75,000, 57,381, and 3,000,000, respectively, Class A Ordinary Shares to certain transferees, resulting in its holding of 4,764,582 Class
A Ordinary Shares. On June 18, 2024, VS Media Holdings Limited effected a one-for-seven (1-7) reverse split of its Ordinary Shares, resulting
in its holding of 680,655 Class A Ordinary Shares and 285,715 Class B Ordinary Shares. The source of funding for the purchase of the
Shares is the personal funds of Nga Fan WONG.
Item
4. Purpose of Transaction.
Except
as set forth in this Item 4, none of the Reporting Persons has any present plans or proposals that relate to or would result in any of
the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, the Reporting Person, at any time, and from time to
time, may review, reconsider and change their position and/or change their purpose and/or develop such plans and may seek to influence
management of the Issuer or the Board of Directors with respect to the business and affairs of the Issuer and may from time to time consider
pursuing or proposing such matters with advisors, the Issuer, or other persons.
The
Reporting Persons may consider such matters in the future and, subject to applicable law or other restrictions, may formulate other purposes,
plans, or proposals regarding the Issuer or the ordinary shares that may be deemed to be beneficially owned by the Reporting Persons,
or take any other actions that could involve one or more of the types of transactions or have one or more of the results described in
clauses (a) through (j) of Item 4 of Schedule 13D.
Item
5. Interest in Securities of the Issuer.
|
(a)
- (b) |
the
information contained in rows 7, 8, 9, 10, 11, and 13 on the cover pages of this Schedule 13D (including the footnotes thereto) is
incorporated by reference into this Item 5. |
|
|
|
|
(c) |
To
the best knowledge of the Reporting Persons, except as disclosed in this Schedule 13D, none of the Reporting Persons has effected
any transactions relating to the ordinary shares of the Issuer during the past 60 days. |
|
|
|
|
(d) |
To
the knowledge of the Reporting Persons, no person other than the Reporting Persons is known to have the right to receive, or the
power to direct the receipt of dividends from, or proceeds from the sale of the ordinary shares held by the Reporting Persons. |
|
|
|
|
(e) |
Not
applicable. |
Item
6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
To
the knowledge of the Reporting Persons, except for the matters described in this Schedule 13D, there is no contract, arrangement, understanding
or relationship (legal or otherwise) among the Reporting Person or between the Reporting Persons and any other person with respect to
any securities of the Issuer.
Item
7. Material to be Filed as Exhibits.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and correct.
Date:
October 4, 2024 |
|
|
|
|
|
|
Amazing
Grace Limited, |
|
|
|
|
By: |
/s/
Nga Fan Wong |
|
Name: |
Nga
Fan Wong |
|
Title: |
Director |
Exhibit 99.1
JOINT
FILING AGREEMENT
In
accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint
filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the class A ordinary shares,
no par value per share, of VS MEDIA Holdings Limited, a British Virgin Islands business company, and that this Agreement be included
as an Exhibit to such joint filing.
Each
of the undersigned acknowledges that each shall be responsible for the timely filing of any statement (including amendments) on Schedule
13D, and for the completeness and accuracy of the information concerning him, her, or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the other persons making such filings, except to the extent that he,
she, or it knows or has reason to believe that such information is inaccurate.
IN
WITNESS WHEREOF, the undersigned hereby execute this Agreement as of October 3, 2024.
|
Amazing Grace Limited |
|
|
|
|
/s/ Nga Fan WONG |
|
Name: |
Nga Fan WONG |
|
Title:
|
Director |
|
/s/ Nga Fan WONG |
|
Name:
|
Nga Fan WONG |
VS Media (NASDAQ:VSME)
過去 株価チャート
から 11 2024 まで 12 2024
VS Media (NASDAQ:VSME)
過去 株価チャート
から 12 2023 まで 12 2024