NEW YORK, Aug. 19, 2020
/PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT)
(the "Company", "we" or "HHT"), a company engaged in the business
of providing knowledge-paid services, today announced that its
wholly owned subsidiary, Color China Entertainment Limited ("Color
China"), has officially reached a long-term strategic agreement
with Thailand's "Sing Sian Yer Pao
Daily News". In the future, the two parties will leverage each other's strength to develop an
in-depth cooperation on cultural education, brand promotion, and
online star education.
It is understood that the cooperation between the two parties
involves a very wide range of areas. Pursuant to the agreement, the
cooperation is expected to serve as an important measure for the
Company to expand its business into Southeast Asia. Color China plans to launch its self-developed star
online education service software globally. After the software is
launched, "Sing Sian Yer Pao Daily News" will be fully responsible
for the landing and promotion in Thailand, leveraging its influence and
profound resources in Thailand. "Sing Sian Yer Pao Daily
News" will also actively encourage universities in Thailand to cooperate with Color China on
academic education, research and advanced studies, such as Siam
University, a well-known university in Thailand. At the same time, local Thai
cultural products will be introduced to Color China's mobile
application to show the world Thai
culture and style.
Color Star Technology CEO, Biao
Lu commented, "We hope that Color Star will become a
well-known brand in Thailand in
providing celebrity knowledge-paid services that can be accessible
both online and offline, providing students with customized content
and enjoyable learning experiences. Our collaboration with 'Sing
Sian Yer Pao Daily News' marks a significant step in executing
our global expansion plan."
About Color Star Technology Co., Ltd.
Color Star Technology Co, Ltd. (Nasdaq: HHT) offers online and
offline innovative knowledge-paid services for music and
entertainment industries globally. Its official website is
www.colorstarinternational.com. 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.