CHEERS Data Intermediate Platform Recognized as “An Outstanding Example of Enterprise Digitization in China”

BEIJING, November 8, 2021 / PRNewswire / – Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Star of glory“or the” Company “), a digital media platform and e-commerce company focused on content in China, today announced that its independently developed CHEERS data intermediary platform has been recognized as an outstanding example in the Exceptional Examples of Corporate Digitization in 2021 Report China published at the Global Forum on Digital Applications and Transformation at Zhongguancun Forum 2021 (the “ZGC 2021 Forum”).

The 2021 ZGC Forum was jointly organized by the Ministry of Science and Technology, Chinese Academy of Sciences, China Association for Science and Technology and People’s Government of Beijing Municipality in Beijing, China. The “Exceptional example of corporate digitization in China“The standard recognizes the profound digital transformation achievements of some Chinese companies. The standard also serves as a development roadmap for other Chinese companies and thus helps shape the global digital environment.

Mr. Bing Zhang, President and CEO of Star of glory, commented: “Our recognition as an ‘Outstanding example of corporate digitization in China‘further demonstrates our advanced technological capabilities and commitment to innovation. The CHEERS Data Intermediate Platform is currently providing digitization support to hundreds of industry users upstream and downstream of the new retail e-commerce industry value chain. As a leader in the new media industry, we will continue to use our core technical strengths to add more value for businesses and users in the future. ”

As a result of Glory of the stars Rich content resources, CHEERS Data Middle Platform can collect data from multiple sources and produce comprehensive reports offline in real time. It integrates information and data management, reduces labor costs and improves the efficiency of data use. CHEERS Data Middle Platform also performs in-depth analysis of multiple data points to identify key dynamics that underpin business decision-making, thereby improving business efficiency and lowering costs.

“Digital transformation is not only an essential means for companies to improve their efficiency and skills, but also an important driver for the national economy in order to achieve high-quality development and reshape its competitiveness on the international scene. . from China The recent application to join the Digital Economy Partnership Agreement (“DEPA”) is an initiative to help Chinese digital companies tap foreign markets and establish a globally recognized cooperation mechanism for trade. cross-border digital, “continued Mr. Bing Zhang,” We believe that the Chinese government’s intention to firmly support the digital economy will create many more growth opportunities for our CHEERS data intermediary platform. ”

About Glory Star New Media Group Holdings Limited

Glory Star New Media Group Holdings Limited is a leading digital media platform and content-focused e-commerce company in China. Glory of the stars the ability to integrate premium lifestyle content including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e- Mall and a mobile app, as well as innovative e-commerce offerings on its platform, allows it to continue its mission of enriching people’s lives. The company’s large and active user base creates valuable engagement opportunities with consumers and improves the sustainability of the platform with thousands of national and international brands.

Safe Harbor Declaration

Certain statements made in this press 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” , “” “Expects”, “anticipates”, “plans”, “plans”, “intends”, “believes”, “seeks”, “may”, “will”, “should”, ” future “,” offers “and variations of such words or expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of performance, conditions or results future, and involve a number of known and unknown risks, uncertainties, assumptions and other significant factors, many of which are beyond the control of the Company, which could cause actual results or results to differ materially from this ices referred to in forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to secure additional funding in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the profitability of the Company; disputes concerning 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 circumstance that could affect the Company’s ability to develop a new cross-border e-commerce activity; the Company’s ability to successfully develop and promote its CHEERS e-Mall platform services; costs related to the proposed development of the cross-border e-commerce activity offered by the Company; costs related to the expansion and promotion of the Company’s CHEERS e-Mall platform services; the possibility that the Company may not be successful in developing cross-border e-commerce business due to, among other things, changes in the business environment, competition or other economic and political factors; and the possibility that the proposed cross-border e-commerce activity may be affected by other economic, commercial and / or competitive factors. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those described in more detail in the documents filed by the Company with the Securities and Exchange Commission, including the Company’s annual report on the Form 20-F filed with the SEC on March 29, 2021, as amended. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. This information is only valid as of the date of this press release.

Contacts

Glory Star New Media Group Holdings Limited
Yida Ye
E-mail: [email protected]

ICR, LLC.
Robin yang
Phone. : +1 (646) 308-0546
E-mail: [email protected]

SOURCE Glory Star New Media Group Holdings Limited


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