NEW YORK, Aug. 14, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq: HHT) (the "Company"," we", or "HHT")
announces that Hung-Jen Kuo has been
named to its Board of Directors. Mr. Kuo has nearly 25 years of
experience in the global investment & business
management. He will serve as the Chair of the Nominating and
Corporate Governance Committee and a member of the Audit Committee
and Compensation Committee.
Mr. Kuo is currently the Executive President of Fosun Capital.
Before joining Fosun Group, he was the director and head of the
Securities Services of Deutsche Bank, China. Mr. Kuo previously served as the chief
investment expert of Noah Group, the managing director of Gopher
Assets Management. At the end of 2010, Mr. Kuo represented Russell
Investments to participate in establishing Ping An Russell (Shanghai) Investment Management Companyin
China. Mr. Kuo joined Russell Investment's global Seattle headquarters in 2001, holding various
positions covering on investment management, research, and
operations. In 1996 Mr. Kuo joined Aurora Group in Taipei as the assistant to CEO covering on
business strategies and IPO project. Mr. Kuo's addition to
the team will greatly accelerate the development of Color Star and
help the company thrive in the market.
Biao Lu, Company's CEO, comments:
"Mr. Kuo is a great addition to our Board of Directors, and his
expertise and reputation as an executive and experience in
corporate finance can improve our efforts to represent Color Star's
stakeholders. He has established track record of driving great
values, and his scope of experience can support his work alongside
his fellow directors and Company's leadership."
About Color Star Technology Co., Ltd.
Color Star Technology Co, Ltd. (Nasdaq: HHT) offers online and
offline innovative education services for music and entertainment
industries globally. Its business operations are conducted through
its wholly-owned subsidiaries Color China Entertainment Ltd. and
CACM Group NY, Inc. The Company's online education is provided
through its Color World music and entertainment education platform.
The Company also offers after-school entertainment tutoring
in New York via its joint venture entity Baytao LLC.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include the
business plans, objectives, expectations and intentions of the
parties following the completion of the acquisition, and HHT's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. These forward-looking statements reflect the current
analysis of existing information and are subject to various risks
and uncertainties. As a result, caution must be exercised in
relying on forward-looking statements. Due to known and unknown
risks, our actual results may differ materially from our
expectations or projections. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements. The following
factors, among others, could cause actual results to differ
materially from those described in these forward-looking
statements: there is uncertainty due to the COVID-19 pandemic and
the impact it will have on HHT's operations, the demand for the
HHT's products and services, global supply chains and economic
activity in general. These and other risks and uncertainties are
detailed in the other public filings with the Securities and
Exchange Commission (the "SEC") by HHT. Additional information
concerning these and other factors that may impact our expectations
and projections will be found in our periodic filings with the SEC,
including our Annual Report on Form 20-F for the fiscal year ended
June 30, 2019. HHT's SEC filings are
available publicly on the SEC's website at www.sec.gov. HHT
disclaims any obligation to update the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Color Star Technology Co., Ltd.
Contact: Investor Relations
FinancialBuzzIR™
info@FinancialBuzzIR.com
Tele: +1-877-601-1879
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SOURCE Color Star Technology Co., Ltd.