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Color Star Technology Announces Launching of its Official Website

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Color Star Technology Co., Ltd. (Nasdaq: HHT) announced the successful launch of its official website on August 3, 2020. The new website aims to enhance communication with investors and customers, providing access to up-to-date information about the Company. Notably, the company will broadcast the 'Fearless, Color World' online concert on September 9. CEO Biao Lu emphasized the importance of the website for promoting online education and connecting with users, despite challenges posed by the global pandemic.

Positive
  • Official website launch enhances investor communication.
  • Next event, 'Fearless, Color World' concert, scheduled for September 9.
Negative
  • Operational challenges due to COVID-19 impact.

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in the business of providing innovative education services, is pleased to announce that its official website has been successfully launched today.

The official website is: www.colorstarinternational.com. With the new website, investors will be able to find the most up-to-date information about the Company. At the same time, the "Fearless, Color World" superstar online concert held on September 9 will also be broadcasted on the website. In the future, investors and customers can browse the Company's news and future development plans on its website. They can also leave a message or question for the Company to respond to. The website will also be synchronized with mobile application

Biao Lu, CEO of Color Star Technology, said: "Since the Company launched the new business of online education, we truly appreciate the attention we have received so far. Although affected by the global pandemic, our technical team is still working hard to accelerate the progress of software development and website construction. We believe our website will help communicate with our users and we will work together to build a better online education platform with celebrities. We hope to use our website as a starting point to reach many more followers throughout the world."

About Color Star Technology Co., Ltd.

Color Star Technology Co, Ltd. (Nasdaq: HHT) offers online and offline innovative education services for the 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 about the spread of the COVID-19 virus 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

Cision View original content:http://www.prnewswire.com/news-releases/color-star-technology-announces-launching-of-its-official-website-301104470.html

SOURCE Color Star Technology Co., Ltd.

FAQ

What is the significance of Color Star Technology's new website launch?

The launch of Color Star Technology's new website aims to improve communication with investors and customers, providing up-to-date information and facilitating access to events.

When is the 'Fearless, Color World' online concert?

The 'Fearless, Color World' online concert will be broadcasted on September 9, 2020.

What challenges is Color Star Technology facing due to COVID-19?

Color Star Technology is experiencing operational challenges due to the global pandemic, which affects its business operations and demand for services.

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