SCHEDULE 13G/A

CHEER HLDG INC

Ordinary Shares, par value $0.001 · CUSIP: G39973204

Event date: 2025-10-03

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Shah Capital Management

  Shares: 600,000.00 · Class: 2.47%

• Shah Capital Opportunity Fund LP

  Shares: 600,000.00 · Class: 2.47%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.