UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITED

(Name of Issuer)

Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G39973105

(CUSIP Number)

January 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. G39973105

CUSIP No. G39973105

AMENDMENT NO. 1 TO SCHEDULE 13G

Item 1(a). Name of Issuer

Glory Star New Media Group Holdings Limited

Item 1(b). Address of Issuer’s Principal Executive Office

22F, Block B, Xinhua Technology Building

No. 8 Tuofangying South Road

Chaoyang District, Beijing, China 100016

Item 2(a). Name of Person Filing

This statement is being filed on behalf of Australia Eastern Investment Pty Ltd and Mr. Kevin Zhang (together referred to herein as the “Reporting Person”):

Item 2(b). Address of Principal Business Office

For both persons filing:

22F, Block B, Xinhua Technology Building

No. 8 Tuofangying South Road

Chaoyang District, Beijing, China 100016

Item 2(c). Citizenship

AEIPL is a company organized under the laws of Australia.

Mr. Kevin Zhang is a citizen of Australia.

Item 2(d). Title of Class of Securities

Ordinary Shares, par value $0.0001 per share

Item 2(e). CUSIP Number

G39973105

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

This Amendment No. 1 (the “Amendment”) is being filed to reflect that the Reporting Person no longer beneficially owns any Ordinary Shares of the Issuer. This Amendment is the final amendment to the Schedule 13G and constitutes an exit filing for the Reporting Person.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

Item 6. Ownership of more than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10 . Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Exhibit Index

Exhibit A – Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2022

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).

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