How did Cheer Holding change its authorised share capital for CHR on July 7, 2026?

Shareholders approved increasing authorised share capital to $7,500,700.00. According to Cheer Holding, this is divided into 50,000,000 Class A ordinary shares at $0.15 par, 500,000 Class B ordinary shares at $0.001, and 2,000,000 preferred shares at $0.0001 par.

Cheer Holding, Inc.

Cheer Holding (NASDAQ:CHR) announced results of its 2026 Annual General Meeting held on July 7, 2026 in Beijing.

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Rhea-AI Sentiment

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Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Cheer Holding (NASDAQ:CHR) announced results of its 2026 Annual General Meeting held on July 7, 2026 in Beijing.

Shareholders re-elected two Class I directors, ratified Enrome LLP as auditor for 2026, approved a major authorised Class A share capital increase to 50,000,000 shares, and adopted the 2026 Equity Incentive Plan.

Positive

Re-election of two Class I directors providing board continuity through the 2029 AGM
Ratification of Enrome LLP as independent auditor for the 2026 financial year
Authorised Class A share capital increased to 50,000,000 shares at $0.15 par value
Approval and adoption of the Cheer Holding 2026 Equity Incentive Plan

Negative

Creation of 46,666,667 additional authorised Class A ordinary shares allows significant future share issuance

Argus Jul 9 session 4 alerts

+2.22% close to close 0.0x rel. volume Open Argus

Details

News Market Reaction – CHR

+6.0% Peak Tracked

$3.41M Market Cap

On Jul 9, the first trading day after this news, CHR closed 2.22% above the previous close. Argus tracked a peak move of +6.0% during that session. Our momentum scanner recorded 4 alerts for this stock that day.

Data tracked by StockTitan Argus for the Jul 9 session.

Key Figures

Pre-increase authorised capital: US$500,699.95 Post-increase authorised capital: US$7,500,700.00 Pre-increase Class A shares: 3,333,333 shares +5 more

Pre-increase authorised capital: US$500,699.95; Before AGM-approved share capital increase
Post-increase authorised capital: US$7,500,700.00; After AGM-approved share capital increase
Pre-increase Class A shares: 3,333,333 shares; Authorised Class A ordinary shares before increase
Post-increase Class A shares: 50,000,000 shares; Authorised Class A ordinary shares after increase
Additional Class A created: 46,666,667 shares; Newly created authorised Class A ordinary shares
Class B authorised shares: 500,000 shares; Authorised Class B ordinary shares unchanged by AGM
Preferred authorised shares: 2,000,000 shares; Authorised preferred shares unchanged by AGM
2026 AGM date: July 7, 2026; Date 2026 Annual General Meeting was held in Beijing

Historical Context

5 past events · Latest: Apr 14

5 events

Apr 14
AI product update

24h Move

-7.3%

Release of CHEERS Telepathy 3.1.0 with expanded AI translation features.
Apr 06
AI app beta launch

24h Move

-1.9%

Invite-only beta of Klon AI portrait and digital identity app overseas.
Apr 02
Share consolidation

24h Move

-7.6%

1-for-3 share consolidation to support continued Nasdaq Capital Market listing.
Mar 23
FY25 earnings results

24h Move

+2.4%

Reported FY25 revenue growth, net income and higher cash balance.
Mar 16
EGM share structure

24h Move

+1.0%

Extraordinary General Meeting approving share consolidation and authorised capital changes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

authorised share capital, par value, equity incentive plan, independent registered public accounting firm

4 terms

par value financial

"Class A ordinary shares of a par value of US$0.15 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

equity incentive plan financial

"that the Cheer Holding, Inc. 2026 Equity Incentive Plan be approved and adopted"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

independent registered public accounting firm financial

"ratified the appointment of Enrome LLP as the independent registered public accounting firm"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/08/2026 - 04:01 PM

Announces Results of its Annual General Meeting

BEIJING, July 08, 2026 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding,” “we” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced the results of its 2026 Annual General Meeting (the “AGM”), which was held on July 7, 2026 (local time) in Beijing, China.

At the AGM, the Company’s shareholders:

(1) re-elected Messrs. Jia Lu and Zhihong Tan as Class I directors of the Company to hold office in accordance with the amended and restated memorandum and articles of association of the Company until the 2029 Annual General Meeting and until his respective successor is appointed and duly qualified, or until his earlier resignation or removal;

(2)    ratified the appointment of Enrome LLP as the independent registered public accounting firm of the Company for the financial year ending December 31, 2026;

(3)    approved a proposal, as an ordinary resolution, to increase the Company’s authorised share capital from US$500,699.95 divided into 3,333,333 Class A ordinary shares of a par value of US$0.15 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each to US$7,500,700.00 divided into 50,000,000 Class A ordinary shares of a par value of US$0.15 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each by the creation of an additional 46,666,667 Class A ordinary shares of a par value of US$0.15 each (the “Share Increase Proposal”); and

(4)    approved a proposal, as an ordinary resolution, subject to the approval of the Share Increase Proposal, that the Cheer Holding, Inc. 2026 Equity Incentive Plan be approved and adopted.

About Cheer Holding, Inc.

Cheer Holding is a leading provider of next-generation mobile internet infrastructure and platform services. The Company operates a comprehensive digital ecosystem that integrates platforms, applications, technology, and industry, with a focus on AI-driven content creation, e-commerce, and metaverse development. For more information, please visit ir.gsmg.co.

Safe Harbor Statement

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. 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. In addition, The Company is subject to a number of 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 20, 2026. 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:

James Li
Email: ir@gsmg.co
Tel: +86 10 6778 2900 (CN)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cheer Holding (NASDAQ:CHR) announce from its 2026 Annual General Meeting?

Cheer Holding reported that shareholders approved all key proposals at the 2026 AGM. These included director re-elections, auditor ratification, a large authorised Class A share capital increase, and adoption of the 2026 Equity Incentive Plan, according to the company.

Which directors were re-elected at Cheer Holding's 2026 AGM for NASDAQ:CHR?

Shareholders re-elected Jia Lu and Zhihong Tan as Class I directors. According to Cheer Holding, they will serve until the 2029 Annual General Meeting or until successors are appointed, or earlier resignation or removal, under the company’s amended and restated memorandum and articles.

What is the Cheer Holding 2026 Equity Incentive Plan approved for CHR shareholders?

The 2026 Equity Incentive Plan was approved and adopted as an ordinary resolution. According to Cheer Holding, the plan’s adoption was subject to prior approval of the authorised share capital increase, linking future equity incentives to the expanded Class A share authorization.

Who is Cheer Holding's auditor for the financial year ending December 31, 2026?

Enrome LLP was ratified as Cheer Holding’s independent registered public accounting firm for 2026. According to the company, shareholders approved this ratification at the 2026 Annual General Meeting held in Beijing on July 7, 2026 (local time).

How many additional Class A shares did Cheer Holding authorise for CHR in 2026?

Shareholders approved the creation of 46,666,667 additional Class A ordinary shares. According to Cheer Holding, this raises total authorised Class A ordinary shares from 3,333,333 to 50,000,000, each with a par value of $0.15 under the updated capital structure.

Cheer Holding, Inc.