BEIJING, Dec. 06, 2023 (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 that it has won the "Best TMT Company" award in the "8th Zhitong Finance Capital Market Annual Conference" jointly hosted by China's well-known and influential Hong Kong and US stock information platforms, Zhitong Finance and Tonghuashun Finance. This reflects the recognition of Cheer Holding's development and innovation, and showcases the company's achievements in the TMT (Technology, Media, Telecom) industry.

This year's annual conference brings together numerous financial and investment institutions, economists, as well as over a thousand public companies in various fields, it is currently a highly influential event for companies that listed on the Hong Kong and US stock markets. The results of the selection released by the conference have significant investment implications. The "Best TMT Company" award recognizes listed companies in the TMT industry that have a healthy corporate governance structure, significant industry position and outstanding main business, who is capable of providing sustainable and stable value returns. By winning the attention and recognition of the industry and investors, this award has been a great encouragement and motivation for the Company.

In recent years, the global economy has faced serious challenges. Despite the headwinds, the company has increased investment in technology and new product research and development while ensuring stable operations and sustainable business growth. It has launched innovative technology products such as CHEERS Telepathy, CHEERS Open Platform, CHEERS Metaverse Platform, and Polaris Intelligent Cloud. The steady performance is attributed to the Company's well-established business ecosystem and strategy, and propelled by continuous advancement of technology and innovation.