BEIJING, Dec. 17, 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 that it has won the “Best Chinese Stock for Value Investment” Award at the 9th Zhitong Finance Capital Market Annual Conference and Listed Company Award Ceremony jointly hosted by China's well-known and influential Hong Kong and U.S. stock information platforms Zhitong Finance, RoyalFlush and Chinese overseas private equity funds one-stop service platform Xinzhi Fund Network.

The “Best Chinese Stock for Value Investment” Award is designed to recognize the companies listed on U.S. stock exchanges that demonstrate an excellent business model, stable industry position, good operating conditions, outstanding innovation ability, as well as the competence in making outstanding contributions to society by providing better products or services and fulfilling social responsibilities. This award not only encourages and honors Cheer Holding’s sustained innovative development, but also represents that the Company has received great attention and wide recognition from the industry and investment institutions.

The current global economic situation is complex and challenging. As global central banks cautiously drive the monetary policy shift, significant changes have taken place in assets and flow of funds around the world. In this context, Chinese assets are attracting the attention of global investors with their unique charm. With the theme of “Focus on Chinese Assets, Breakthrough 2025”, the Annual Conference brought together representatives of top financial institutions at home and abroad, chief economists, many U.S. dollar funds and professional investors, and companies listed on Hong Kong and U.S. stock exchanges in various fields. It is recognized as the most influential selection of Chinese companies listed on Hong Kong and U.S. stock exchanges, with its selection results serving as weathervanes for investors.