Gamehaus Shareholders Hand Chairman Xie a 50:1 Voting Power Boost
GMHS sits 32% above its 52-week low of $0.684.
Summary
Shareholders approved a proposal to boost Chairman Feng Xie's voting power from 15 to 50 votes per Class B share, solidifying his control over Gamehaus.
Key Events · Corporate Governance and Compliance · GMHS
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Voting Rights Variation Approved
Class A shareholders greenlit the increase in Class B ordinary share votes from 15 to 50 per share, with 27,765,163 votes for, 20,686 against, and 1,638 abstaining.
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Second M&AA Adopted
The Second Amended and Restated Memorandum and Articles of Association, which embeds the voting rights change, was adopted by shareholders with 136,978,599 votes for, 18,902 against, and 2,723 abstaining.
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Chairman Xie's Control Solidified
The change hands Chairman Feng Xie, who controls the Class B shares, 50 votes per share—a dramatic amplification of his voting power relative to Class A shareholders.
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Governance Concerns Amid Distress
The approval comes on the heels of a Nasdaq deficiency notice for the stock trading below $1 and a 9.1% revenue decline in Q3 FY2026, stoking worries about minority shareholder protections.
Analysis · GMHS · Technology
In a move that dramatically consolidates Chairman Feng Xie's grip on the company, shareholders voted to raise the voting power of Class B ordinary shares from 15 to 50 per share. With Class B shares now wielding 50 votes each against a single vote for Class A, Xie's control is effectively cemented. The proposal passed with overwhelming support—more than 99% of votes cast were in favor. This governance overhaul arrives just weeks after Gamehaus received a Nasdaq deficiency notice for its sub-$1 stock price and reported declining revenue, intensifying concerns about the protections afforded to minority shareholders.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.9% of the 327 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GMHS was trading at $0.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $51.8M. The 52-week trading range was $0.68 to $2.66. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.