Mega Matrix clarifies certain disclosures in 2025 annual report

Mega Matrix (MPU) has noted recent media and investor attention regarding the executive compensation and share-based compensation disclosures in the Company’s Form 20-F originally filed with the Securities and Exchange Commission on April 16. The company said, “After internal review, the Company confirmed that a typographical error appeared in the ‘Directors, Senior Management and Employees – Compensation’ section of its 2025 Annual Report. The cash compensation paid to the Company’s executive officers in fiscal year ended December 31, 2025 was incorrectly stated as ‘$101.6M.’ The correct amount should be approximately ‘$1.02M’. The Company has filed an amendment to its 2025 Annual Report to correct the above-mentioned typographical error. This amendment only relates to the correction of the above-mentioned amount and does not affect the Company’s 2025 financial statements, operating data, or other previously disclosed core business information. With respect to the share-based compensation expenses that some investors have asked about, the Company would like to clarify that the relevant share-based compensation expenses primarily represent non-cash accounting expenses. They do not represent cash compensation paid by the Company to management, employees, or service providers. These equity incentive arrangements are intended to support the Company’s business transformation and long-term development, attract, incentivize and retain core team members, partners and relevant service providers, and align their interests with the long-term value of the Company and its shareholders.”