GSMG Glory Star New Media Group Holdings Ltd

Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced the launch of the new Year of the Dragon Edition of CHEERS Telepathy (the “Dragon Edition”), its cutting-edge, multimodal AI creative platform. This major iteration brings substantial advancements in model architecture, computing power, and content creation capabilities, including painting, text-to-image, image-to-image, commercial scenarios, dialogue, and long-form text generation. With its enhanced features, CHEERS Telepathy sets new standards for the realm of generative AI.

As China's digital economy continues to experience explosive growth, enterprises are increasingly seeking ways to improve marketing efficiency, foster innovation, and drive development. CHEERS Telepathy, a flagship generative AGI application, provides indispensable tools for enhancing efficiency and empowering enterprise growth. Leveraging its powerful data processing capabilities, deep natural language processing (NLP) understanding, and superior intelligent algorithms, CHEERS Telepathy is poised to revolutionize content marketing by enabling highly efficient and personalized content creation.

In today's rapidly evolving landscape, capturing accurate consumer demand trends and cultivating user interest are essential for success. CHEERS Telepathy empowers brands and enterprises to achieve this by autonomously learning and generating creative content. With its unparalleled capabilities, CHEERS Telepathy opens up new possibilities for intelligent and personalized content marketing, enabling enterprises to redefine their brand stories, accurately grasp consumer needs and emotions, and seamlessly integrate brand concepts and sentiments into every creative design. The result is a deeper connection between brands and consumers, leading to superior marketing results in customer acquisition, conversion rates, and post-link propagation.

The Dragon Edition introduces four generative strategies designed to assist brands in acquiring new users, nurturing user interest, penetrating search channels, and optimizing conversion rates. By guiding users to gain in-depth knowledge of the brand, CHEERS Telepathy establishes a profound connection and fosters brand loyalty and positive subsequent actions. This transformation focuses not only on capturing attention but also on building meaningful interactions, fostering a closer relationship between brands and their target audience, and ultimately driving improved brand awareness, increased user loyalty, and higher conversion rates.

In the fast-paced and dynamic competitive market, the ability to harness AI application tools effortlessly has become paramount for enterprises. CHEERS Telepathy excels in this regard, streamlining complex processes and enabling rapid and effective generation of required materials and assets for brands. By reducing decision-making costs and trial-and-error expenses, CHEERS Telepathy empowers enterprises to allocate resources more efficiently, allowing them to concentrate on strategic decision-making and innovative work, ultimately enhancing overall operational efficiency.

As AI technology continues to evolve, enterprises are increasingly recognizing the transformative value of generative AGI. They seek flexible, fast, and personalized work patterns, which can be achieved through advanced AI technologies and application tools. CHEERS Telepathy remains at the forefront of empowering enterprises and brands in the era of artificial intelligence.

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 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 Polaris Intelligent Cloud, CHEERS Telepathy, CHEERS Open Data Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Digital Innovation Research Institute, CHEERS Livestreaming, variety show series, IP short video matrix, 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 ecosystem, the Company is committed to consolidating and strengthening its core competitiveness, and achieving 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 22, 2023, 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)