BEIJING, March 26, 2024 (GLOBE NEWSWIRE) --  Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced the release of its original AI animated miniseries, "Mystical Realm of Mountains and Seas” (the “Miniseries”).

The trailer can be accessed at: https://ali.cdn.yuexiang365.cn/2024/03/04/1844010203764094345.mp4.

Inspired by the awe-inspiring and imaginative ancient Chinese masterpiece "Shan Hai Jing" (Classic of Mountains and Seas), "Mystical Realm of Mountains and Seas" transports viewers on an extraordinary journey alongside two animated characters “Yueniu” and “Yuetu”, as they lead an enthralling ensemble of mythical creatures with their brave mission: to restore harmony from chaos, and unlock the enigmatic secrets concealed within the mountains and seas. Delivered in captivating serialized seasons, each comprising 10 visually stunning episodes, this cinematic marvel offers a 2-minute immersive experience per episode. Every frame is a testament to the revolutionary AI-generated technology pioneered by the Cheer Holding.

At the heart of the Miniseries lies the Company's spectacular AI-powered mega-model, Polaris Intelligent Cloud (the “Polaris”). Empowered by unparalleled computational capabilities, exceptional product performance, and unmatched responsiveness, the Polaris effortlessly conjures intricate scenes teeming with diverse characters and intricate movements. Its ability to authentically simulate the physical world and make sophisticated decisions based on image comprehension sets new standards. Seamlessly navigating complex scenarios, it orchestrates seamless transitions between multiple camera angles, ensuring visual coherence and delivering an enchanting spectacle of unparalleled quality.

The grand unveiling of its original AI content creation marks a historic milestone for Cheer Holding, cementing the Company's position as an industry trailblazer in AI multimodal models and technology. With far-reaching implications for the domestic AI and GC applications field, this release showcases the Company's unwavering commitment to pushing boundaries and captivating audiences with their visionary creations.

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)

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