 BEIJING, April 27, 2021 PRNewswire -- Glory Star New Media Group Holdings Limited NASDAQ: GSMG Glory Star or the Company, a leading digital media platform and content-driven e-commerce company in China, today announced that it has signed a non-binding letter of intent LOI to acquire YMT Holding Limited YMT, a leading integrated cross-border e-commerce platform in China. Pursuant to the LOI, Glory Star intends to issue restricted shares to acquire 100 YMTs equity where upon YMT will become a wholly owned subsidiary of Glory Star. 