Cheer Holding Won “Best Chinese Stock for Value Investment” Award
17 December 2024 - 9:30PM
Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the
“Company”), a leading provider of advanced mobile internet
infrastructure and platform services, today announced that it has
won the “Best Chinese Stock for Value Investment” Award at the 9th
Zhitong Finance Capital Market Annual Conference and Listed Company
Award Ceremony jointly hosted by China's well-known and
influential Hong Kong and U.S. stock information platforms Zhitong
Finance, RoyalFlush and Chinese overseas private equity funds
one-stop service platform Xinzhi Fund Network.
The “Best Chinese Stock for Value Investment”
Award is designed to recognize the companies listed on U.S. stock
exchanges that demonstrate an excellent business model, stable
industry position, good operating conditions, outstanding
innovation ability, as well as the competence in making outstanding
contributions to society by providing better products or services
and fulfilling social responsibilities. This award not only
encourages and honors Cheer Holding’s sustained innovative
development, but also represents that the Company has received
great attention and wide recognition from the industry and
investment institutions.
The current global economic situation is complex
and challenging. As global central banks cautiously drive the
monetary policy shift, significant changes have taken place in
assets and flow of funds around the world. In this context, Chinese
assets are attracting the attention of global investors with their
unique charm. With the theme of “Focus on Chinese Assets,
Breakthrough 2025”, the Annual Conference brought together
representatives of top financial institutions at home and abroad,
chief economists, many U.S. dollar funds and professional
investors, and companies listed on Hong Kong and U.S. stock
exchanges in various fields. It is recognized as the most
influential selection of Chinese companies listed on Hong Kong and
U.S. stock exchanges, with its selection results serving as
weathervanes for investors.
About Cheer Holding, Inc.
As a preeminent provider of next-generation
mobile internet infrastructure and platform services in China,
Cheer Holding is dedicated to building a digital ecosystem that
integrates “platforms, applications, technology, and industry” into
a cohesive digital eco-system, thereby creating a new, open
business environment for web3.0 that leverages AI technology. The
Company is developing a 5G+VR+AR+AI shared universe space that
builds on cutting-edge technologies including blockchain, cloud
computing, extended reality, and digital twin.
Cheer Holding’s portfolio includes a wide range
of products and services, such as CHEERS Telepathy, CHEERS Video,
CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat,
Polaris Intelligent Cloud, AI-animated short drama series, short
video matrix, variety show series, Livestreaming, and more. These
offerings provide diverse application scenarios that seamlessly
blend “online/offline” and “virtual/reality” elements.
With “CHEERS+” at the core of Cheer Holding’s
digital ecosystem, the Company is committed to utilizing innovative
product applications and technologies to drive its long-term
sustainable and scalable growth.
For more information, please
visit http://ir.gsmg.co/.
Safe Harbor Statement
Certain statements made in this release are
“forward looking statements” within the meaning of the “safe
harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. When used in this press release, the
words “estimates,” “projected,” “expects,” “anticipates,”
“forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,”
“will,” “should,” “future,” “propose” and variations of these words
or similar expressions (or the negative versions of such words or
expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company’s control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements. Important
factors, among others, are: the ability to manage growth; ability
to identify and integrate other future acquisitions; ability to
obtain additional financing in the future to fund capital
expenditures; fluctuations in general economic and business
conditions; costs or other factors adversely affecting our
profitability; litigation involving patents, intellectual property,
and other matters; potential changes in the legislative and
regulatory environment; a pandemic or epidemic; the occurrence of
any event, change or other circumstances that could affect the
Company’s ability to continue successful development and launch of
its metaverse experience centers; the possibility that the Company
may not succeed in developing its new lines of businesses due to,
among other things, changes in the business environment and
technological developments, competition, changes in regulation, or
other economic and policy factors; disruptions or other business
interruptions that may affect the operations of our products and
services, the possibility that the Company’s new lines of business
may be adversely affected by other economic, business, and/or
competitive factors; other factors, risks and uncertainties set
forth in documents filed by the Company with the Securities and
Exchange Commission from time to time, including the Company’s
latest Annual Report on Form 20-F filed with the SEC on March 14,
2024, as amended. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Such information speaks only as of the date of this
release.
For investor and media inquiries, please
contact:
Wealth Financial Services LLC Connie Kang,
Partner Email: ckang@wealthfsllc.com Tel: +86 1381 185 7742
(CN)
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