Glory Star's Subsidiary CHEERS Awarded National Invention Patent

BEIJINGJune 20, 2023 PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that its subsidiary, CHEERS, has been awarded an invention patent certificate by the National Intellectual Property Administration. This patent recognizes CHEERS' outstanding research and development capabilities and innovation in the field of internet infrastructure services.

The newly-awarded invention patent, titled "Big Data-Based Data Analysis Method," offers data output recommendations for various types of internet network businesses from multiple dimensions, addressing clients' demands for enhancing user experience in software application. This cutting-edge technology further strengthens the Company's leadership in data and content analysis, and showcases Glory Star's commitment to technological advancement.

Mr. Bing Zhang, Chairman and Chief Executive Officer of Glory Star, commented: "This achievement is a testament to our dedication to innovation and our drive to stay ahead of the curve in the ever-evolving tech industry. The successful acquisition of this patent will not only improve our intellectual property protection system, but also give us an upper hand in market competition. We believe this will have a far-reaching impact on our technological innovation, market and brand influence, and help further consolidate our core competitiveness."