Corporate ActionSep 17, 2026, 05:16 PM
Cheer Holding Chairman Sells All Class B Shares for $500
AI Summary
Cheer Holding, Inc. announced that its Chairman, CEO, and interim CFO, Mr. Bing Zhang, sold all 500,000 Class B ordinary shares he held to Lioness Limited for $500.00. These Class B shares represented approximately 96.44% of the company's total voting power due to their 100-vote per share structure. Mr. Zhang cited personal health reasons and a belief that the purchaser's resources could benefit the company's international development for the sale. He will continue in his executive roles.
Key Highlights
- Mr. Bing Zhang sold 500,000 Class B ordinary shares, representing all issued Class B shares, to Lioness Limited for $500.00.
- The Class B Shares held 100 votes per share, while Class A Shares hold 1 vote per share.
- As of September 16, 2026, Class B Shares represented approximately 96.44% of the Company's aggregate voting power.
- Mr. Zhang sold shares for personal reasons, including health considerations.
- Mr. Zhang will continue to serve as Chairman, CEO, and interim CFO following the sale.
Price Impact
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