GSMG NASDAQ GS 3.8700 0.0800 ( 2.11% ) Vol: 43666 Last Updated Apr 16 03:59PM EDT

Investor Relations

Glory Star Welcomes Visit from Secretary of the Party Working Committee of Malanshan Video Cultural Park

BEIJINGMarch 4, 2021 /PRNewswire/ -- 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, today announced that it was honored to receive a team(the "Malanshan Team") of Malanshan Video Cultural Park (the "Park") in Glory Star'sheadquarters in Beijing. The Malanshan Team was led by Deputy Secretary of the Kaifu District Committee of Changshaand Secretary of the Party Working Committee of the Park, Benmiao Zou, and included Member of the Party Working Committee and Deputy Director of the Management Committee of the Park, Yan Huang, Director of China Merchants Cooperation Bureau Bin Hu, and others. During the visit, the Malanshan Team participated in discussions with the Company's management team, which included its CEO Bing Zhang, CFO Perry Lu, CIO Qingfei Tang, and executive assistant Yida Ye.

As part of the discussion, the Secretary of the Party Working Committee of the Park, Benmiao Zou shared the Park's recent development and commented that the Park will focus on the Internet, content production, cloud computing, cloud storage, 5G, audio-visual technology, e-sports, copyright integrated services, public services, and other key areas, while promoting the construction and development of companies and projects by means of supporting infrastructure, reducing taxes and related fees, supporting cultural and technological innovation, as well as optimizing the business operating environment.

Glory Star's CEO Bing Zhang expressed his warmest welcome to the Malanshan Team's visit, and conducted an extensive and in-depth discussions of the Company's digital audio and video content creation, IP integrated operation management, content e-commerce system construction, live broadcast industry support services, and other digital content industry innovation and development with the Malanshan Team. Following the discussion, Glory Star and the Malanshan Team agreed to establish an effective communication mechanism, strive to implement the cooperation vision at the industrial-level, jointly promote the sustainable and healthy development of the cultural and technology industry, and help promote further development of the Malanshan network information industry.

Malanshan Video Cultural Park, which relies on internet technologies and focuses on video culture, is an innovation highland established by Changsha in recent years. After two years of development, it has soon become a cultural and creative gathering area, with digital video as its leading industry. During the epidemic period, Malanshan Video Cultural Park helped a group of leading enterprises with their site selection and settlement by online inviting tenders, online negotiation and online contract signing. So far, 1462 new enterprises have registered, among which, 18 are Global 500 and renowned listed companies, including 4 main board listed companies namely MANGO EXCELLENT MEDIA, TVZONE, CHINA SOUTH PUBLISHING & MEDIA GROUP, and HUNAN TV & BROADCAST INTERMEDIARY CO., LTD.