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Glory Star New Media Group Holdings Limited Announces Hiring of Capital Market Veteran As its Advisor

BEIJING, July 14, 2020 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading mobile and online digital media and entertainment company in China, is pleased to announce that Glory Star has engaged Mr. Steven Antebi, a U.S. capital market veteran, as its adviser.  Mr. Antebi is presently the manager of Maple Capital Management, a position he has held from 1993 to the present.  Maple invests in Global Equities and structured debt.  Mr. Antebi is currently the chairman of the board and co-founder of Crunch Digital and the Royalty Review Counsel.  Both companies are leaders in the field of royalty accounting and intellectual property rights management, with particular emphasis on the music industry.  Prior to that, Mr. Antebi served for twenty years in various senior positions at Bear Stearns and Company, including institutional sales, trading the firm’s capital in the over the counter market, syndicate distribution, and outside investment banking.  Mr. Antebi will receive 2,000,000 non-qualified stock options as a consultant to the Company at a strike price of $3.60 and shall vest over a 14 month period.

About Glory Star New Media Group Holdings Limited

Glory Star New Media Group Holdings Limited 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 people’s 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.