WinkingStudios WKS

SGD 0.215 +0.00% +0.00 Updated 3 Nov 2026, 17:16 SGT

Company profile

The business, the people and the ownership behind WinkingStudios.

Investor relations ↗Official company website

Business overview

About the company

Winking Studios provides art outsourcing and game development services. Its portfolio also includes global publishing and related activities.

Annual Report 2025 ↗ Reviewed 2026-10-23 · Source dated 2026-04-07. PDF p. 191

Listed security

Company & listing

Full Company Name: WINKING STUDIOS LIMITED
Trading Currency: SGD
Website: www.winkingworks.com/en-US/
Listing: Listed on 20 November 2023 on CATALIST
ISIN Code: KYG9722U1040

Board & management

Leadership

Mr. Lim Heng Choon

Independent Director and Non-Executive Chairman

Board of Directors PDF p. 10

Mr. Johnny Jan

Executive Director and Chief Executive Officer (Founder)

Board of Directors; CEO PDF p. 10

Mr. Oliver Yen

Finance Director and Group Chief Financial Officer

Board of Directors PDF p. 11

Mr. Kao Shu-Kuo

Non-Executive Director

Board of Directors PDF p. 11

Mr. Daniel Widdicombe

Independent and Non-Executive Director

Board of Directors PDF p. 11

Mr. Chang Yi-Hao

Independent and Non-Executive Director

Board of Directors PDF p. 12

Mr. Yang Wu Te

Independent and Non-Executive Director

Board of Directors PDF p. 12

Roles listed in ANNUAL REPORT 2025; current appointments are not independently verified.

Holdings

Ownership

As reported at 2026-03-19 · PDF p. 204

Acer Gaming Inc.

Direct interest 142,537,815 shares (32.25%); deemed interest 110,200,000 shares (24.94%); total 252,737,815 shares (57.19%)

Substantial shareholders; % based on 441,938,118 shares

Acer Incorporated

Direct interest nil; deemed interest 282,546,436 shares (63.93%); total 282,546,436 shares (63.93%)

Substantial shareholders; % based on 441,938,118 shares

Acer SoftCapital Incorporated

Direct interest nil; deemed interest 29,808,621 shares (6.74%); total 29,808,621 shares (6.74%)

Substantial shareholders; % based on 441,938,118 shares

Flying Way International Corp

Direct interest nil; deemed interest 23,082,552 shares (5.22%); total 23,082,552 shares (5.22%)

Substantial shareholders; % based on 441,938,118 shares

Mr. Cho Tai-Wei

Direct interest nil; deemed interest 26,843,146 shares (6.07%); total 26,843,146 shares (6.07%)

Substantial shareholders; % based on 441,938,118 shares

Mr. Cho Tai-Ching

Direct interest nil; deemed interest 23,082,552 shares (5.22%); total 23,082,552 shares (5.22%)

Substantial shareholders; % based on 441,938,118 shares

Mr. Johnny Jan

Direct interest 21,268,929 shares (4.81%); deemed interest 2,971,398 shares (0.67%); total 24,240,327 shares (5.48%)

Substantial shareholders; % based on 441,938,118 shares

Ms. Lee, Chiu-Hui

Direct interest 2,304,731 shares (0.52%); deemed interest 21,935,596 shares (4.96%); total 24,240,237 shares (5.48%)

Substantial shareholders; % based on 441,938,118 shares

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Registered & depository holders 19 holders

Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-03-19 · PDF p. 203

Registered holder	Interest	Shares / units	Source
KGI SECURITIES (SINGAPORE) PTE. LTD	Rank 1; 171,911,408 shares (38.90%)		PDF p. 2032026-03-19
ACER GAMING INC.	Rank 2; 142,537,815 shares (32.25%)		PDF p. 2032026-03-19
COMPUTERSHARE COMPANY NOMINEES LTD	Rank 3; 56,609,401 shares (12.81%)		PDF p. 2032026-03-19
JAN CHENG-HAN @ JOHNY JAN	Rank 4; 21,268,929 shares (4.81%)		PDF p. 2032026-03-19
UOB KAY HIAN PTE LTD	Rank 5; 10,595,400 shares (2.40%)		PDF p. 2032026-03-19
CITIBANK NOMINEES SINGAPORE PTE LTD	Rank 7; 6,101,022 shares (1.38%)		PDF p. 2032026-03-19
DBS NOMINEES PTE LTD	Rank 8; 3,782,816 shares (0.86%)		PDF p. 2032026-03-19
SNSI INVESTMENT FUND LTD.	Rank 9; 3,484,151 shares (0.79%)		PDF p. 2032026-03-19
LEE CHIU-HUI	Rank 10; 2,304,731 shares (0.52%)		PDF p. 2032026-03-19
MAYBANK SECURITIES PTE. LTD.	Rank 11; 2,252,900 shares (0.51%)		PDF p. 2032026-03-19
CHEN, SHU-KUEI	Rank 12; 1,086,537 shares (0.25%)		PDF p. 2032026-03-19
LIN PENG WEN	Rank 13; 1,040,000 shares (0.24%)		PDF p. 2032026-03-19
PHILLIP SECURITIES PTE LTD	Rank 14; 909,566 shares (0.21%)		PDF p. 2032026-03-19
HSBC (SINGAPORE) NOMINEES PTE LTD	Rank 15; 811,000 shares (0.18%)		PDF p. 2032026-03-19
SU FANG	Rank 16; 787,884 shares (0.18%)		PDF p. 2032026-03-19
CHEN PO-AN	Rank 17; 499,033 shares (0.11%)		PDF p. 2032026-03-19
XU ZHEN	Rank 18; 422,854 shares (0.10%)		PDF p. 2032026-03-19
LOW CHEN PENG	Rank 19; 401,400 shares (0.09%)		PDF p. 2032026-03-19
TAN WEY LING	Rank 20; 400,800 shares (0.09%)		PDF p. 2032026-03-19

Group structure

Main operating subsidiaries

As reported at 2025-12-31

Company	Market	Ownership interest
Shanghai Winking Entertainment LimitedHeld by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	People’s Republic of China; effective interest 100%; Held by the Company
Nanjing Winking Entertainment LimitedHeld by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	People’s Republic of China; effective interest 100%; Held by the Company
Winking Entertainment (HK) Ltd.1Held by the Company; effective interest held by the Group, 2025 (2024: –)PDF p. 172	Hongkong; effective interest – (dissolved in 2025); Held by the Company
Winking Art Pte. Ltd.Held by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	Singapore; effective interest 100%; Held by the Company
Winking Entertainment CorporationHeld by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	Taiwan; effective interest 100%; Held by the Company
Winking Skywalker Entertainment Ltd.Held by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	Hongkong; effective interest 100%; Held by the Company
On Point Creative Co., Ltd.Held by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	Taiwan; effective interest 100%; Held by the Company
Pixelline Art Sdn. Bhd.Held by the Company; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	Malaysia; effective interest 100%; Held by the Company
Vertic Studios Sdn. Bhd.Held by the Company; effective interest held by the Group, 2025 (2024: –)PDF p. 172	Malaysia; effective interest 100%; Held by the Company
Shanghai Wishing Entertainment Ltd.Held by the subsidiaries; effective interest held by the Group, 2025 (2024: 100)PDF p. 172	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Winking Entertainment Investment Ltd.2Held by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 172	Hongkong; effective interest – (dissolved in 2025); Held by the subsidiaries
Winking Art LimitedHeld by the subsidiaries; effective interest held by the Group, 2025 (2024: 100)PDF p. 173	Hongkong; effective interest 100%; Held by the subsidiaries
On Point Creative (HK) Company LimitedHeld by the subsidiaries; effective interest held by the Group, 2025 (2024: 100)PDF p. 173	Hongkong; effective interest 100%; Held by the subsidiaries
Suzhou Winking Entertainment Ltd.Held by the subsidiaries; effective interest held by the Group, 2025 (2024: 100)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Shanghai Mineloader Digital Technology Co.,Ltd.Held by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Dalian Mineloader Software Co., LtdHeld by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Chengdu Mineloader Digital Technology Co., Ltd.Held by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Mine Loader (Tianjin) Software Co.,Ltd.Held by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries
Tianjin Binhai High – tech Zone Yiyou Training Institute Co., LtdHeld by the subsidiaries; effective interest held by the Group, 2025 (2024: –)PDF p. 173	People’s Republic of China; effective interest 100%; Held by the subsidiaries

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Key management

Item	Value	Period / scope	Source
Mr. Johnny Jan	Executive Director and Chief Executive Officer (Founder)		PDF p. 10
Mr. Oliver Yen	Finance Director and Group Chief Financial Officer		PDF p. 11
Ms. Tina Li	General Manager of Art Outsourcing Segment		PDF p. 12
Yoo Loo Ping	Company Secretary	As at 2026-04-07	PDF p. 208

Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

Item	Value	Period / scope	Source
NUMBER OF SHARES	441,938,118 shares	Ordinary Shares · As at 2026-03-19	PDF p. 203
CLASS OF SHARES	Ordinary Shares	As at 2026-03-19	PDF p. 203
VOTING RIGHTS	1 vote for each Ordinary Share held	As at 2026-03-19	PDF p. 203

Shareholding distribution

Item	Value	Period / scope	Source
NUMBER OF ORDINARY SHAREHOLDERS	116 shareholders	As at 2026-03-19	PDF p. 203
1 – 99	Shareholders 1; 0.86%; shares 99; 0.00%	Size of shareholdings · As at 2026-03-19	PDF p. 203
100 – 1,000	Shareholders 11; 9.48%; shares 7,000; 0.00%	Size of shareholdings · As at 2026-03-19	PDF p. 203
1,001 – 10,000	Shareholders 24; 20.69%; shares 165,600; 0.04%	Size of shareholdings · As at 2026-03-19	PDF p. 203
10,001 – 1,000,000	Shareholders 67; 57.76%; shares 9,735,877; 2.20%	Size of shareholdings · As at 2026-03-19	PDF p. 203
1,000,001 and above	Shareholders 13; 11.21%; shares 432,029,542; 97.76%	Size of shareholdings · As at 2026-03-19	PDF p. 203
Total	Shareholders 116; 100.00%; shares 441,938,118; 100.00%	Size of shareholdings · As at 2026-03-19	PDF p. 203

Treasury shares

Item	Value	Period / scope	Source
TREASURY SHARES	Nil	As at 2026-03-19	PDF p. 203
SUBSIDIARY HOLDINGS	Nil	As at 2026-03-19	PDF p. 203
aggregate number of treasury shares and subsidiary holdings against total shares outstanding	0%	As at 2026-03-19	PDF p. 203

Free float

Item	Value	Period / scope	Source
Public shareholding	approximately 22.94% of the ordinary shares of the Company are held by the public	As at 2026-03-19	PDF p. 205
COMPLIANCE WITH RULE 723 OF THE SGX-ST LISTING MANUAL SECTION B: RULES OF CATALIST	The Company is therefore in compliance with Rule 723 of the SGX-ST Listing Manual Section B: Rules of Catalist	As at 2026-03-19	PDF p. 205

Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

Item	Value	Period / scope	Source
Acer Incorporated	337 US$'000	Group; IPT FY2025; Reimbursement of research and development costs; column: aggregate value of IPTs which were previously approved by shareholders excluding transactions less than SG$100,000	PDF p. 125
Acer Incorporated	167 US$'000	Group; IPT FY2025; Other income; column: aggregate value of IPTs which were previously approved by shareholders excluding transactions less than SG$100,000	PDF p. 125
Total	504 US$'000	Group; IPT FY2025; total of Acer Incorporated transactions; second column	PDF p. 125

Employees

Item	Value	Period / scope	Source
Number of Employees	1,426 employees	Group, FY2025 (comparatives FY2024: 846; FY2023: 734)	PDF p. 53

Director remuneration

Item	Value	Period / scope	Source
Mr. Johnny Jan	1,147.0 USD'000	FY2025; Executive Director and CEO	PDF p. 86
Mr. Kao Shu-Kuo	0 USD'000	FY2025; Non-Executive Director	PDF p. 86
Mr. Lim Heng Choon	47.0 USD'000	FY2025; Independent Non-Executive Chairman; directors' fee	PDF p. 86
Mr. Chang Yi-Hao	37.0 USD'000	FY2025; Independent Non-Executive Director; directors' fee	PDF p. 86
Mr. Yang Wu Te	37.0 USD'000	FY2025; Independent Non-Executive Director; directors' fee	PDF p. 86
Mr. Daniel Widdicombe	63.5 USD'000	FY2025; Independent Non-Executive Director; directors' fee	PDF p. 86
Mr. Oliver Yen	261.4 USD'000	FY2025; Finance Director and Group Chief Financial Officer	PDF p. 86

Outlook

Item	Value	Period / scope	Source
Outlook - Driving the next stage of value creation	Trading in the new financial year has started in line with expectations.	CEO statement	PDF p. 16
Outlook - Driving the next stage of value creation	The global games market is entering a recovery phase and the Group is seeing outsourcing demand exceed earlier expectations.	CEO statement	PDF p. 16
Strategic priority FY2026	A key strategic priority in FY2026 will be the formal establishment of the Group’s operational presence in Western markets	CEO statement	PDF p. 17

Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Source: ANNUAL REPORT 2025 ↗

Corporate information

Registration & contacts

Incorporated In: CAYMAN ISLANDS
Incorporated On: 15 Dec 2005
Email: [email protected]
Telephone: +886 2 8979 5568
Fax: +886 2 8979 5569
Registered Office: P.O. Box 31119, Grand Pavilion, Hibiscus Way
802 West Bay Road, Grand Cayman
KY1-1205, Cayman Islands
West Bay, Grand Cayman Cayman Islands KY1-1205
Secretary: Yoo Loo Ping
Cheng Lisa
Registrar / Transfer Agent: TRICOR BARBINDER SHARE REGISTRATION SERVICES
Registrar Address: 9 Raffles Place, Republic Plaza Tower I #26-01, Singapore 048619
Auditors: PRICEWATERHOUSE COOPERS LLP
Other Stock Exchange Listings: *SINGAPORE EXCHANGE (CATALIST)
Country: CAYMAN ISLANDS
Security Type: stocks