Zhong Sheng Ding Xin Exits Significant Position in Cheer Holding, Inc. via Dilution

Zhong Sheng Ding Xin Investment Fund Management (Beijing) Co., Ltd. has filed Amendment No. 1 to its Schedule 13D for Cheer Holding, Inc. (CHR), marking an exit from its position as a significant shareholder. As of the event date of November 6, 2025, the reporting person ceased to be the beneficial owner of more than 5% of the company's Class A Ordinary Shares. This change was primarily driven by a substantial increase in the total number of Class A Shares outstanding, which diluted the filer's ownership percentage. Following multiple share consolidations—including a 1-for-10 in 2023, a 1-for-50 in 2025, and a 1-for-3 in 2026—the reporting person now holds 13,441 shares, representing approximately 0.9% of the 1,562,119 shares outstanding as of April 14, 2026. This filing serves as the final amendment and an official exit filing for the reporting person, who no longer maintains a reporting obligation under Section 13(d) for this security.