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Glory Star Enters Market for Intelligent IoT Terminals to Drive D…



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 has signed a content service agreement (the “Agreement”) with Hangzhou Beiying Network Technology Co., Ltd. (“Hangzhou Beiying”), a subsidiary of Dangbei Network Technology Co. Ltd. (“Dangbei Network”), the leading smart home entertainment solution developer and manufacturer. The Company has received the initial payment of RMB6 million from Hangzhou Beiying under the Agreement. The Company believes that the cooperation with Hangzhou Beiying will further catalyze the development of the Company’s content services business and therefore help to increase the long-term growth momentum of the Company’s enterprise value.



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