Jia Lu and Enjoy Starlight Limited File Exit Amendment for Cheer Holding, Inc. (CHR) Following Dilution

On April 16, 2026, Jia Lu and Enjoy Starlight Limited filed Amendment No. 1 to their Schedule 13D for Cheer Holding, Inc. (CHR). The filing serves as an 'exit filing' as the reporting persons have ceased to be beneficial owners of more than 5% of the company's Class A Ordinary Shares. This change in ownership percentage was primarily driven by an increase in the total number of Class A Shares outstanding, rather than a direct sale of securities. Following several share consolidations (1-for-10 in 2023, 1-for-50 in 2025, and 1-for-3 in 2026), Jia Lu's beneficial ownership is reported as 4,371 shares, representing approximately 0.3% of the 1,562,119 shares outstanding as of April 10, 2026. Jia Lu maintains control over the shares held by Enjoy Starlight Limited as its sole director and shareholder. This filing concludes the reporting obligations for these entities regarding Cheer Holding, Inc.