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Color Star Technology Co., Ltd. (Nasdaq: HHT) announced a securities purchase agreement to sell approximately $4.2 million in ordinary shares and warrants to accredited investors. The agreement includes selling around 3.2 million ordinary shares at $1.30 each, along with unregistered warrants for up to 2.1 million shares with an exercise price of $1.50 exercisable immediately. The offerings are expected to close around July 22, 2020.
Color Star Technology Co., Ltd. (Nasdaq CM: HHT) announced the resignation of Yang (Sean) Liu as CEO on July 17, 2020, appointing Biao (Luke) Lu as his successor. Liu will focus on technology development for the 'Color World' platform. Lu, with 25 years of experience in the entertainment industry, aims to attract more artists and enhance product sales. The company plans to set up offline bases in the USA and Asia for improved educational experiences, blending online and offline learning.
Color Star Technology Co., Ltd. (Nasdaq CM: HHT) announced a cooperation with Shenzhen Yuren Production Culture Media Co., Ltd. to add renowned music producers Nianhe Li and Peirong Qiu, along with music instructor Muheng Shen, as 'Star Teachers' on its online education platform, Color World. This venture aims to provide live music courses, enhancing the learning experience with star-driven content. The initiative reflects Color Star's commitment to innovative education services and plans to expand its offerings with more artists across various entertainment fields.
Color Star Technology Co., Ltd. (Nasdaq CM: HHT) announced plans to host an online concert titled "Color World" on September 9, 2020. Aimed at uniting audiences during the COVID-19 pandemic, the concert will feature performances from global artists and will be broadcast across various video and social platforms. The event promises a unique experience with impressive audio and visual effects, conducted like a traditional concert. The company continues to develop its online education services through the "Color World" platform.
Color Star Technology Co., Ltd. (Nasdaq: HHT) has signed a Framework Agreement with Moremoon Cartoon Cultural Diffusion Co., Ltd. to enhance its Color World platform. This partnership aims to launch various products and create a unique shopping experience for users, merging education with entertainment. The platform will feature online classes from renowned professionals and allow subscribers to purchase related products. CEO Sean Liu highlighted ongoing negotiations with global brands to diversify offerings and increase revenue channels. The initiative reflects the company's strategy to innovate in the education sector.
Color Star Technology Co., Ltd. (Nasdaq: HHT) has announced a cooperation agreement with musician Larry Carlton, who will serve as a Star Teacher on its online education platform, Color World. Carlton, a four-time Grammy Award winner and celebrated guitarist, aims to enhance the platform's content. CEO Sean Liu expressed ambitions to collaborate with more top artists across various entertainment sectors. Color Star's focus is on delivering innovative education services as they expand their Star Teacher roster, enriching the learning experience for students.
Color Star Technology (HHT) announced the signing of a cooperation agreement with renowned guitarist Masa, who will serve as a Star Teacher on the "Color World" online education platform. This partnership aims to capitalize on the growing demand for music education in the Asian market. Masa, celebrated for his extensive influence in Asian pop music, will enhance the platform's offerings. CEO Sean Liu expressed intentions to collaborate with more top artists across various entertainment sectors in Asia, targeting a market of over 2 billion consumers for future growth.
Color Star Technology Co., Ltd. (HHT) has signed a Broadcast and Educational Licensing Agreement with renowned director Bobby Roth. Roth, known for his work on popular TV shows and films, will serve as a Star Teacher on the 'Color World' online education platform, providing insights into film production. The partnership aims to enhance the learning experience by integrating celebrity expertise. CEO Sean Liu anticipates recruiting over 100 artists as teachers, fostering a diverse educational environment. This initiative positions Color Star to elevate its brand in online entertainment and education.
Color Star Technology Co., Ltd. (HHT) has announced a strategic agreement with Mixx Lifestyle Inc. to establish its first offline learning site and live music venue in New York City. This initiative aligns with the company's goal to integrate online and offline education services, featuring performances and lessons from renowned artists. The New York site is expected to open by the end of 2020, pending pandemic conditions. Plans also include additional learning venues in Europe, Southeast Asia, and China as part of a broader post-epidemic strategy.
Color Star Technology Co., Ltd. (HHT) announced a strategic partnership with Shenzhen Bole Information Technology to enhance its online education platform, Color World. This collaboration will integrate augmented reality (AR) technologies into the platform, allowing for interactive video lessons and multilingual live interactions. The Color World platform aims to attract hundreds of millions of users by offering diverse courses in entertainment. Despite delays in the platform's launch due to COVID-19 and modifications post-acquisition, initial development is complete, with a global registration opening planned for late 2020.
