? Variety of Premium Content Including Popular Cheers Lifestyle Series.

? Enhanced Platform Stickiness with Thousands of Brand Names.

? Strong Financial Results Being Reported for 2019 and 2020 to Date.

? Initial IOP Generated $220,000,000 in Gross Proceeds for the Company.

Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) is a leading mobile entertainment operator in China. Glory Star’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching peoples’ lives. The company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.

? Strong Full Year 2019 Financial Results

On March 31st GSMG announced financial results for the full year ended December 31, 2019.

Highlights of this report included:

Downloads of the CHEERS App1 exceeded 85 million for the year ended December 31, 2019, compared to 12 million for the year ended December 31, 2018.

Average daily active users (“DAUs”)2 of the CHEERS App increased to 1.9 million from 0.4 million in the full year of 2018.

Glory Star’s e-Mall sold over 13,180 Stock Keeping Units (“SKUs”), recording over RMB133.76 million (US$19.36 million) in gross merchandise value (“GMV”) 3 through its CHEERS App in the same period.

Revenues increased by 16.7% to US$65.8 million from US$56.4 million in the full year of 2018.

Income from operations increased by 94.4% to US$26.8 million from US$13.8 million in the full year of 2018.

Operating margin expanded to 40.8% from 24.5% in the full year of 2018.

Net income attributable to Glory Star’s shareholders increased by 94.5% to US$26.3 million from US$13.5 million in the full year of 2018.

Net margin expanded to 40.0% from 24.0% in the full year of 2018.

? Continued Success Shown in First Quarter 2020 Financial Results

On May 11th GSMG announced its financial results for the first quarter ended March 31, 2020.

Highlights included:

Downloads of the CHEERS App1 exceeded 100.5 million as of March 31, 2020, compared to 17.2 million as of March 31, 2019.

Average daily active users (“DAUs”)2 of the CHEERS App increased to 4.1 million from 0.5 million in the same period of 2019.

The Company’s e-Mall carried over 9,602 Stock Keeping Units (“SKUs”) as of March 31, 2020, and recorded over RMB40.6 million (US$5.8 million) in gross merchandise value (“GMV”)3 through its CHEERS App in Q1.

Revenues were US$9.8 million as compared to US$13.8 million in the same period of 2019.

Income from operations was US$2.9 million as compared to US$4.4 million in the same period of 2019.

For more information on GSMG visit: http://www.yaoshixinghui.com/ or http://wwwr.yaoshixinghui.com/

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