BEIJING, May 30, 2023
/PRNewswire/ -- Glory Star New Media Group Holdings Limited,
("Glory Star" or the "Company")
(Nasdaq: GSMG), a leading digital media platform and content-driven
e-commerce company in China, today
announced that its subsidiary, CHEERS, has successfully passed the
certification audit and received the ISO 27001 Certificate in
Information Security Management.
ISO27001 stands as one of the most widely adopted and exemplary
information security management standards in the world and is also
renowned as the pinnacle of international information security
management. It is embodying the utmost level of rigor, authority,
acceptance, and application within the field and is the gold
standard for the most prestigious and rigorous certification in
information security.
Mr. Bing Zhang, Chairman and Chief Executive Officer of
Glory Star, commented: "It is of
high importance to achieve this certification, as it signifies that
Glory Star possesses the most
comprehensive, mature, and highly effective international
capability and level of expertise in ensuring internet information
security. It serves as a full validation of the company's
reliability in the realm of Internet product information security.
This accomplishment holds good significance in safeguarding the
security of sensitive data, mitigating the risk of information
leaks, preserving core data and critical information, and enhancing
the organization's resilience against catastrophic events."
About Glory Star
As a preeminent provider of next-generation mobile internet
infrastructure services in China,
Glory Star is dedicated to building
a digital ecosystem that integrates "platforms, applications,
technology, and industry" into a cohesive system, thereby creating
a new, open business environment for web3.0 that leverages AI
technology. The Company is developing a 5G+VR+AR+AI shared universe
space that builds on cutting-edge technologies including
blockchain, cloud computing, extended reality, and digital
twin.
Glory Star's portfolio already
includes a wide range of products and services, such as North Star
Xingyue Intelligent Cloud, Lingxi AI Platform, CHEERS Open
Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar,
CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Digital
Innovation Research Institute, CHEERS Livestreaming, variety show
series, IP short video matrix, and more. These offerings provide
diverse application scenarios that seamlessly blend
"online/offline" and "virtual/reality" elements.
With "CHEERS+" at the core of Glory
Star's ecosystem, the Company is committed to consolidating
and strengthening its core competitiveness, and achieving long-term
sustainable and scalable growth.
For more information, please visit http://ir.gsmg.co/.
Safe Harbor Statement
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting our profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic; the occurrence of any event, change or other
circumstances that could affect the Company's ability to continue
successful development and launch of its metaverse experience
centers; the possibility that the Company may not succeed in
developing its new lines of businesses due to, among other things,
changes in the business environment, competition, changes in
regulation, or other economic and policy factors; the possibility
that the Company's new lines of business may be adversely affected
by other economic, business, and/or competitive factors; other
factors, risks and uncertainties set forth in documents filed by
the Company with the Securities and Exchange Commission from time
to time, including the Company's latest Annual Report on Form 20-F
filed with the SEC on March 22, 2023.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.
Such information speaks only as of the date of this release.
For investor and media inquiries, please contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
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SOURCE Glory Star New Media Group Holdings Limited