Cheer Holding, Inc. Class A Ordinary Share

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Cheer Holding, Inc. Class A Ordinary Share represents the equity of Cheer Holding, a Beijing-based company focused on next-generation mobile internet infrastructure and platform services. The company currently operates businesses centered on advertising and content production, with activities spanning short-video broadcasting, live-streaming, app-based advertising, and e-commerce services through its Cheers APP Internet Business segment. It also maintains a Traditional Media Business segment that supports advertising, copyright-related revenue, and customized content production. Cheer Holding serves as a digital media and internet platform operator in China, combining content distribution, monetization tools, and media services within a single operating framework. Its Class A Ordinary Shares reflect the company’s public-market equity structure and provide exposure to its current business segments in the online advertising, media, and internet services markets.