Chipdip has uncovered suspicious illegal activities among the current directors of its subsidiary, Zinitix, and its attempt to facilitate a re-election of directors has been thwarted. Despite Chipdip's veto power over special resolutions at Zinitix, the swift completion of a new board re-election appears challenging, thereby presenting a risk of relinquishing control. In the first quarter of 2025, Zinitix accounted for 27.06% of Chipdip's total revenue, and any loss of control could have a profound impact on Chipdip's financial statements for the year.
