Shah Capital Management - Mar 31, 2025 SCHEDULE 13G/A Report for Cheer Holding, Inc. Ordinary Shares, par value $0.001 (CHR)

Reporting Managers (2)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
Shah Capital Management	14.65%	1.71M	0	1.71M	/s/ Himanshu H. Shah	Himanshu H. Shah, President and Chief Investment Officer
Shah Capital Opportunity Fund LP	14.65%	1.71M	0	1.71M	/s/ Himanshu H. Shah	Himanshu H. Shah, Managing Member

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