“Producer of ‘Brother Overcoming a Thousand Obstacles’ Injects Capital into Subsidiary for Partnership with Chinese Giant”

Yeah1 Group Corporation (Yeah1, Stock Code: YEG) has made a surprising announcement regarding additional capital contributions to its subsidiary.

Specifically, on December 23, 2025, the Board of Directors of Yeah1 issued Resolution No. 415/2025/NQ/HĐQT/YEG, approving the additional capital contribution to Mango+ Entertainment and Media LLC (MangoPlus, currently a direct subsidiary of Yeah1).

The additional capital contribution amounts to over 43.2 billion VND, increasing MangoPlus’s chartered capital to more than 43.7 billion VND. Yeah1 remains the parent company, holding 100% of MangoPlus’s chartered capital.

MangoPlus will serve as the exclusive entity to receive, exploit, and localize world-leading entertainment formats through strategic business cooperation agreements with major content partners in the region. This strategic move aims to implement the long-term business cooperation agreement between Yeah1 Group and Mango TV, China’s leading content creator.

Under this partnership, MangoPlus holds exclusive rights to exploit the IP Format (Intellectual Property) repository from international partners.

Previously, on December 15, 2025, the Yeah1 Board of Directors issued Resolution No. 408/2025/NQ/HĐQT/YEG, approving the signing and execution of agreements to receive capital contributions from Sony Music Entertainment Hong Kong Limited (Sony Music HK) in its subsidiary, 1Label Joint Stock Company. The resolution also approved cooperation agreements with Sony Music HK for future digital music distribution projects.

Sony Music HK is expected to own 49% of the voting shares in 1Label. Upon completion of the transaction, 1Label and 1Talents LLC will transition from subsidiaries to associate companies of Yeah1.

In another development, the Yeah1 Board of Directors has resolved to dissolve its subsidiary, the Digital Transformation and Technology Center LLC, in which Yeah1 holds a 51% stake in the chartered capital.

The dissolution process is scheduled to begin in December 2025, in accordance with legal procedures for company dissolution.

According to Yeah1, the Digital Transformation and Technology Center LLC was established in 2020 to undertake technology-related projects in the context of digital transformation. However, this business segment is no longer a strategic focus for Yeah1.

To streamline its subsidiary system, the Board of Directors has decided to dissolve the company, focusing instead on core business objectives approved by the General Meeting of Shareholders.

At its inception, the Digital Transformation and Technology Center LLC had a chartered capital of 20 billion VND, with Yeah1 contributing 10.2 billion VND, equivalent to a 51% ownership stake. Its primary business activities included computer consulting and computer system management.