ESCP study reveals: New Digital Risers challenge incumbents

France top Digital Riser, China gains significantly, USA loses

BERLIN, Sept. 7, 2020 — Digital incumbents increasingly face new and dynamic competitors from around the world. While countries such as USA, Sweden and Singapore are often perceived as digital champions, a new study indicates that they are not necessarily dynamic Digital Risers. Only Singapore has managed to improve its relative position slightly over the last three years. In contrast, the USA and Sweden have actually lost ground over the same period. "We are in the middle of a digital revolution that is very likely being accelerated by the Covid-19 pandemic," says Professor Philip Meissner of the European Center for Digital Competitiveness by ESCP Business School Berlin campus.

ESCP Graph 1: Digital Riser Ranking: Group of 7 (G7)
ESCP Graph 1: Digital Riser Ranking: Group of 7 (G7)

Within the G7, France was able to advance most in its relative digital competitiveness between 2017 and 2019, which makes the country the top "Digital Riser" in this group; conversely, Italy and Germany decreased most within the G7. This is the result of the Digital Riser Report 2020, devised by the European Center for Digital Competitiveness by ESCP Business School in Berlin. The report analyses and ranks the changes that countries around the globe have seen in their digital competitiveness over the last three years based on data from the Global Competitiveness Report issued by the World Economic Forum (WEF).

The ranking also reveals clear dynamics regarding the two global digital superpowers. It shows that China has gained significantly in digital competitiveness, while the USA has lost out over the same time period.  

The top Digital Risers all had one thing in common: they have followed comprehensive, swiftly implemented plans along a long-term vision around digitisation and entrepreneurship. France’s example shows that governments that invest heavily in start-ups and employ lighthouse projects such as La French Tech can greatly increase their country’s digital competitiveness in a short timeframe.

More information: www.digital-competitiveness.eu/digitalriser

ESCP Business School

ESCP Business School was founded in 1819. The School has chosen to teach responsible leadership, open to the world and based on European multiculturalism. The School has campuses in Berlin, London, Madrid, Paris, Turin and Warsaw. 

Photo – https://techent.tv/wp-content/uploads/2020/09/escp-study-reveals-new-digital-risers-challenge-incumbents-2.jpg  
Photo – https://techent.tv/wp-content/uploads/2020/09/escp-study-reveals-new-digital-risers-challenge-incumbents.jpg

Press Contact
Markus Foederl 
Markus.Foederl@glh-online.com 
+49 (0)172 9051869

(c) ESCP. Graph 2: Digital Riser Ranking: Group of 20 (G20). 1) Turkey is not included due to a lack of data in three out of the five mindset dimensions. 2) EU is not included since it is a collection of countries.
(c) ESCP. Graph 2: Digital Riser Ranking: Group of 20 (G20). 1) Turkey is not included due to a lack of data in three out of the five mindset dimensions. 2) EU is not included since it is a collection of countries.

 

Semiconductor Manufacturing International Corporation Responses to Media on the U.S. Government’s Consideration to Add the Company to a Trade Blacklist

SHANGHAI, Sept. 5, 2020 — Reuters reported Friday, September 4 (EST), citing a Defense Department official that the Trump administration is considering whether to add China’s top chipmaker SMIC to a trade blacklist.

SMIC solemnly declares that the Company, a public company listed on the Hong Kong Stock Exchange and the Sci-Tech Innovation Board (STAR Market), is an international semiconductor foundry strictly complying with the laws and regulations of all jurisdictions where it performs its businesses.  Since its inception, the Company has been fully compliant with all rules and laws. SMIC has maintained long-term strategic partnerships with multiple U.S.-based semiconductor equipment suppliers.  Over the years, the Bureau of Industry and Security (BIS) has granted numerous export licenses for the Company.  With a large and diverse customer base, serving companies in the U.S., Europe, and other Asian regions, SMIC plays an important role in the global semiconductor supply chain.  The Company manufactures semiconductors and provides services solely for civilian and commercial end-users and end-uses.  We have no relationship with the Chinese military.  In and before 2016, SMIC had been granted Validated End-User (VEU) authorization by the BIS and the company hosted several visits from U.S. Government officials.  Any assumptions of the Company’s ties with the Chinese military are untrue statements and false accusations.  The Company is in complete shock and perplexity to the news.  Nevertheless, SMIC is open to sincere and transparent communication with the U.S. Government agencies in hope of resolving potential misunderstandings.

About SMIC
Semiconductor Manufacturing International Corporation ("SMIC", SSE STAR MARKET: 688981; SEHK: 00981; OTCQX: SMICY) and its subsidiaries collectively constitute one of the leading foundries in the world, is Mainland China’s most advanced and largest foundry, broadest in technology coverage, and most comprehensive in semiconductor manufacturing services. SMIC Group provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab), a 200mm fab and a majority-owned joint-venture 300mm fab for advanced nodes (under construction) in Shanghai; a 300mm fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan China, and a representative office in Hong Kong China. For more information, please visit www.smics.com.

 

 

Related Links :

http://www.smics.com

Huntkey Announces Special Deal in Vietnam

SHENZHEN, China, Sept. 5, 2020 — Huntkey, a leading provider of power solutions, has recently announced the special deal for its PC power supplies and monitors in Vietnam. The deal is operated by Huntkey’s business partner in Vietnam, and at the deal, travel bags will be given away for free to the customers who buy Huntkey power supplies and monitors.

Huntkey Special Deal:
https://en.huntkey.com/wp-content/uploads/2020/09/Huntkey-Vietnam-1.jpg

The deal covers power supply – the GS700 and monitor – the N2491WH. The GS700 is a PC power supply with rated output power of 600W, which is able to support mainstream gaming PCs. It is an 80 Plus certified power supply that it is rated over 80% energy efficiency at 20%, 50% and 100% at rated load. It will waste less electric energy to lower electricity bills.

The GS700 Power Supply:
https://en.huntkey.com/product/gs-700/

The N2491WH is equipped with a 23.8-inch screen and a Full HD resolution of 1920 x 1080. Its brightness is 250cd/㎡, and with static contrast ratio of 1000:1, it allows the users to clearly and comfortably see in the darkest or brightest scenes. With a Full HD resolution, it is able to provide users with high quality images.

The N2491WH Monitor:
https://en.huntkey.com/product/n2491wh/

Utilizing eye-care technologies, mainly blue light filtration and flicker-free technology, it is capable of delivering the most comfortable viewing experience to users by reducing eye fatigue and strain, which will ensure greater user comfort after a long period of use, leaving them without any eye-related worry. It is equipped with an easily detachable base, and feature VGA and HDMI inputs.

For more information, please visit: http://en.huntkey.com/

About Huntkey

Huntkey Enterprise Group, founded in 1995 and headquartered in Shenzhen, is a member of The International Power Supply Manufacturer’s Association (PSMA) and a member of The China Power Supply Society (CPSS). With branch companies in the USA, Japan and other areas, and cooperating factories in Brazil, Argentina, India and other countries, Huntkey has specialized in the development, design, and manufacturing of PC power supplies, industrial power supplies, surge protectors, adapters and chargers for many years.

Related Links :

https://en.huntkey.com/

2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours

HO CHI MINH CITY, Vietnam, Sept. 5, 2020 — COOCAA recently announced a strategic cooperation with Clip TV and hosted an official product launch for their first co-branded product on September 3. Following an unforgettable performance by Vietnamese rap star JustaTee, at 00:00 on September 4, 2,000 units of the co-branded smart TV were made available for purchase on Lazada. All 2,000 units were sold in under 12 hours.

At the product launch on September 3, COOCAA Vietnam CEO Billy Yang shared the history of the COOCAA brand and how it forged a relationship with Clip TV. Lazada Vietnam CEO Dong Zheng also gave remarks, giving high praise for COOCAA’s outstanding performance in Vietnam. Later, Vietnamese rap star JustaTee made a special guest appearance, sharing how impressed he was by the COOCAA × Clip TV smart TV, and performed "Coo-Rap Battle", a rap verse specially written to celebrate this collaboration.

2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours
2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours

The new co-branded smart television features a 40-65 inch screen and runs on Android TV. It also comes with a free lifetime membership to Clip TV, giving buyers access to:

  1. Over 100 local television channels
  2. Over 20 international television channels
  3. A massive selection of on-demand content
  4. Access for up to four devices on each Clip TV account

The standard monthly subscription fee for a Clip TV account is VND 50,000, but with the new co-branded smart TV, customers can enjoy all of the aforementioned features free.

In addition to offering an exceptional viewing experience, this large-screen AIoT television

  1. Can serve as a base for a smart home ecosystem; by giving a voice command to the television, users can control smart home devices throughout the house.
  2. Runs on Android TV and supports voice control, so with the touch of one button, users can access an endless selection of video content.

The COOCAA × Clip TV smart TV will be made available for purchase again during the Lazada’s 9.9 shopping extravaganza. Starting at 0:00 on September 9, the first 1,000 units will also be sold for a special promotional price, VND 3999K, and include a three-year warranty. To order and enter for a chance to win great prizes, visit https://bit.ly/3hpjP0e.

Photo – https://photos.prnasia.com/prnh/20200903/2907458-1?lang=0

2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours

HO CHI MINH CITY, Vietnam, Sept. 5, 2020 — COOCAA recently announced a strategic cooperation with Clip TV and hosted an official product launch for their first co-branded product on September 3. Following an unforgettable performance by Vietnamese rap star JustaTee, at 00:00 on September 4, 2,000 units of the co-branded smart TV were made available for purchase on Lazada. All 2,000 units were sold in under 12 hours.

At the product launch on September 3, COOCAA Vietnam CEO Billy Yang shared the history of the COOCAA brand and how it forged a relationship with Clip TV. Lazada Vietnam CEO Dong Zheng also gave remarks, giving high praise for COOCAA’s outstanding performance in Vietnam. Later, Vietnamese rap star JustaTee made a special guest appearance, sharing how impressed he was by the COOCAA × Clip TV smart TV, and performed "Coo-Rap Battle", a rap verse specially written to celebrate this collaboration.

2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours
2,000 COOCAA × Clip TV Smart TVs Sold in Under 12 Hours

The new co-branded smart television features a 40-65 inch screen and runs on Android TV. It also comes with a free lifetime membership to Clip TV, giving buyers access to:

  1. Over 100 local television channels
  2. Over 20 international television channels
  3. A massive selection of on-demand content
  4. Access for up to four devices on each Clip TV account

The standard monthly subscription fee for a Clip TV account is VND 50,000, but with the new co-branded smart TV, customers can enjoy all of the aforementioned features free.

In addition to offering an exceptional viewing experience, this large-screen AIoT television

  1. Can serve as a base for a smart home ecosystem; by giving a voice command to the television, users can control smart home devices throughout the house.
  2. Runs on Android TV and supports voice control, so with the touch of one button, users can access an endless selection of video content.

The COOCAA × Clip TV smart TV will be made available for purchase again during the Lazada’s 9.9 shopping extravaganza. Starting at 0:00 on September 9, the first 1,000 units will also be sold for a special promotional price, VND 3999K, and include a three-year warranty. To order and enter for a chance to win great prizes, visit https://bit.ly/3hpjP0e.

Photo – https://photos.prnasia.com/prnh/20200903/2907458-1?lang=0

Hexindai Regains Compliance with Nasdaq Minimum Bid Price Requirement

BEIJING, Sept. 5, 2020 — Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a mobile e-commerce and consumer lending platform in China, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).

As previously announced, the Company was notified by Nasdaq on December 16, 2019 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company’s American Depositary Shares (the "ADSs") had been below US$1.00 for more than 30 consecutive business days.  In order to regain compliance with the minimum bid price requirement, the Company changed the ratio of the ADSs representing its ordinary shares from one (1) ADS representing one (1) ordinary share to one (1) ADS representing three (3) ordinary shares. The change of the ADS ratio became effective on August 24, 2020.

On August 31, 2020, the Company received a staff determination letter, which notified the Company that it had not regained compliance with Rule 5550(a)(2) by August 27, 2020, the end of the compliance period provided by Nasdaq. However, the closing bid price of the Company’s ADSs has been above US$1.00 since August 24, 2020.

On September 4, 2020, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days from August 24, 2020 to September 4, 2020, the closing bid price of the Company’s ADSs has been at or above US$1.00. Accordingly, the Company has regained compliance with the minimum bid price requirement and this matter is now closed.

About Hexindai Inc.

Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a mobile e-commerce and consumer lending platform based in Beijing, China. The Company collaborates with brands both online and offline to offer high-quality and affordable branded products through its new form of social e-commerce mobile platform and facilitates loans to meet the increasing consumption needs of underserved prime borrowers through its online consumer lending marketplace. Hexindai’s strong user acquisition capabilities, cutting-edge risk management system, and strategic relationships with respected financial institutions allow the Company to generate higher customer satisfaction, reliance, and realize fast growth.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the social e-commerce industry, the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please visit ir.hexindai.com.

For investor inquiries, please contact:

Hexindai

Investor Relations
Ms. Zenabo Ma
Email: ir@hexindai.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com

 

Related Links :

http://www.hexindai.com

Hebron Announces Results of Annual General Meeting

SHANGHAI and WENZHOU, China, September 5, 2020 — Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced the results of its 2020 Annual General Meeting of Shareholders ("AGM" or the "Meeting") held on September 4, 2020. All of the proposals brought forward to shareholders for consideration and approval at the 2020 AGM were approved.

Shareholders representing 44.48% of the outstanding shares voted in favor of all the proposals submitted before the AGM, including:

(i) 

to elect six members of the Board of Directors, each to serve a term expiring at the Annual  Meeting of Shareholders for their respective terms or until their successors are duly elected and qualified;

(ii)  

to ratify the appointment of Wei, Wei & Co., LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020;

(iii)   

to approve and adopt an amendment to the Company’s Memorandum of Association, as amended to change the Company’s corporate name to "Nisun International Enterprise Development Group Co. Ltd."; and

(iv)    

to transact any other business properly coming before the meeting.

The Company mailed a proxy statement that describes the proposals to be considered at the Meeting and a proxy card on or about August 14, 2020. For more information, please see the Company’s Proxy Statement relating to the Meeting, which was filed to the Securities and Exchange Commission (the "SEC") on Form 6-K on August 14, 2020. A detailed notice of the AGM is available on Hebron’s website at http://www.fintaike.com.

About Hebron Technology Co., Ltd.

Hebron Technology Co., Ltd. (NASDAQ: HEBT) provides innovative comprehensive solutions for governments, financial institutions, small and micro businesses, and individuals in China by integrating technology, industry, and finance. Through its subsidiaries, the Company provides fintech services, consulting services, business services, and intermediary services to clients in a variety of industries. Its innovations include an open fintech ecosystem for financial institutions, a government credit system, an efficient capital liquidity system for the agriculture sector, and financial advisory intermediary services. Hebron’s technology-driven model deepens the link between industry and finance, serving the real economy and capturing opportunities in the new technology era. For more information, please visit http://www.fintaike.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Hebron’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business both in legacy and new segments, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Hebron encourages you to review other factors that may affect its future results in Hebron’s registration statement and in its other filings with the Securities and Exchange Commission. Hebron assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise.

Contacts:

Hebron Technology Co., Ltd.
Investor Relations
Shaokang (Ken) Lu
Tel: +86 (21) 2357-0055
Email: lushaokang@cnisun.com

ICR, LLC
Tel: +1 203 682 8233
Email: hebron@icrinc.com 

 

Hebron Announces Appointment of Chief Executive Officer

SHANGHAI and WENZHOU, China, Sept. 4, 2020 — Hebron Technology Co., Ltd. ("Hebron" or the "Company") (Nasdaq: HEBT), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced the appointment of Mr. Xiaoyun Huang as Chairman and Chief Executive Officer ("CEO"), effective immediately.

Mr. Huang has over 10 years of experience in the fintech industry. Prior to joining Hebron, Mr. Huang served as President and CEO of Huizhong Business Consulting, where he played an instrumental role in the formation of development plans and as a major driver of growth for the overall business. Previously, he served as Chairman and General Manager of Beijing Hengtai Puhui Information Services and as President and CEO of Hangzhou Rongdu Technology. He has participated many high-profiled projects including CSRC, NEEQ, E-Capital Transfer, Shanghai Clearing House, Beijing Financial Assets Exchange, Hundsun Technologies, etc. Mr. Huang holds a B.S. degree in Computer Science and Technology from Shanghai University of Electric Power.

"I am honored to lead the company as Hebron’s Chairman and Chief Executive Officer," Mr. Huang said. "I look forward to working closely with our exceptional senior leadership team and our entire board of directors. Together, we plan to take Hebron to the next phase of growth by remaining focused on serving our clients and creating value for our stakeholders."

About Hebron Technology Co., Ltd.

Hebron Technology Co., Ltd. (NASDAQ: HEBT) provides innovative comprehensive solutions for financial institutions, small and micro businesses, and individuals in China by integrating technology, industry, and finance. Through its subsidiaries, the Company provides fintech services, consulting services, business services, and intermediary services to clients in a variety of industries. Its innovations include an open fintech ecosystem for financial institutions, a credit system, an efficient liquidity system for the agriculture sector, and financial advisory intermediary services. Hebron’s technology-driven model deepens the link between industry and finance, serving and enabling the real economy and capturing opportunities in the new technology era. For more information, please visit http://www.fintaike.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains information about Hebron’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business both in legacy and new segments, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Hebron encourages you to review other factors that may affect its future results in Hebron’s registration statement and in its other filings with the Securities and Exchange Commission. Hebron assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise.

Contacts:
Hebron Technology Co., Ltd.
Investor Relations
Shaokang (Ken) Lu
Tel: +86 (21) 2357-0055
Email: lushaokang@cnisun.com

ICR, LLC
Tel: +1 203 682 8233
Email: hebron@icrinc.com

  

Related Links :

http://www.fintaike.com

Arbin Launches New Three-Electrode Battery Testing


COLLEGE STATION, Texas, Sept. 4, 2020 — Arbin has a new patented three-electrode "3E" coincell design developed by and licensed from General Motors. Arbin’s new 3E Coincell provides users with an affordable, easy to use three-electrode cell holder that allows for long-term cycling and provides consistent results between samples that expedites battery material research for EV applications.

3E Coincell and MSTAT
3E Coincell and MSTAT

When researching battery materials, the use of a reference electrode (RE) allows researchers to measure and differentiate the contribution of each component in the cell to the overall cell performance.  Three-electrode experiments help identify which electrode (Anode or Cathode) limits the cell performance during long-term testing.  These experiments allow researchers to isolate and analyze the individual contributions of the anode and cathode material in the battery, thus expediting the overall development process. 

Compared to traditional Swagelok-style three-electrode cells, Arbin’s new "3E" three-electrode coincell is: lower cost, easy for mass scale testing, easy to compare with published data. 

Compared to homemade three-electrode solutions, Arbin’s new "3E" three-electrode coincell produces: consistent results, allows long-term cycle life without leakage, is easy to use for mass scale testing. 

The new "3E" holder and coincell kits can be used with any instrument capable of measuring the reference electrode, however, they are designed for use with Arbin’s MSTAT, and optional accessories of Arbin’s MZTC Multi-Chamber, and EIS integration

Visit Arbin’s dedicated 3E webpage for more information.  

About Arbin Instruments 
Arbin Instruments is the leading manufacturer of high-precision battery test equipment. Arbin offers a competitive edge to battery researchers and industry clients who’s decision-making is empowered by seeing the smallest changes happening in their batteries.  

Arbin was founded in 1991 and headquartered in College Station, Texas, USA. Regional offices are in China, Germany, Hong Kong, South Korea, and Taiwan to support our global network. www.arbin.com | sales@arbin.com | +1 979 690 2751

Photo – https://techent.tv/wp-content/uploads/2020/09/arbin-launches-new-three-electrode-battery-testing.jpg
Logo – https://techent.tv/wp-content/uploads/2020/09/arbin-launches-new-three-electrode-battery-testing-2.jpg

Related Links :

https://www.arbin.com

Color Star Technology Announces Successful Product Launching Conference in Beijing, Creating a Multicultural Sharing Platform, Accelerating Entertainment Technology

NEW YORK, Sept. 4, 2020 — Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT") officially held a new product launching conference in Beijing on September 2, announcing the "Color World" global online cultural entertainment platform independently developed by its subsidiary Color China – The sharing platform (hereinafter referred to as "Color World") will be launched globally on September 10, Beijing time (September 9 EDT), and the "Fearless, Color World" Cloud Concert will be held at the same time.

The famous artist Yuan Xiaolou made an appearance at the event. As a star tutor of "Color World", he was also very happy to share the beauty of art with the help of a powerful platform, and to impart his painting skills to students around the world. "Color World" is independently developed and built by the world’s top software development team, which has built a very complete and powerful platform for online entertainment knowledge sharing and exchange. From the early stage of research and development, a wealth of celebrity resource library has been established, covering multiple fields in the entertainment industry.

At present, Color China has reached long-term strategic cooperation in Thailand, South Korea, Romania, and other countries and regions based on the strong appeal of the Company, and it has embedded the "Color World" cultural and entertainment sharing platform.

Another highlight of the conference is the upcoming "Fearless, Color World" Cloud Concert. According to the sponsor, Color Star, the concert invited 11 international idol stars to join the lineup including Larry Carlton, Wiz Khalifa, Machine Gun Kelly, R&B Black Pearl Ashanti S. Douglas, Mainland China’s "Pop Queen" Na Ying, Hong Kong’s legendary singer Lin Zixiang, and international Piano artist Wu Muye, Taiwanese group "ID&MASA", Japanese idol Lin Longtai, Chinese young singer Zhu Zhihao, and top 100 DJs Dimitri Vegas & Like Mike. The concert will be broadcast on the domestic and international websites of Color Star Technology on September 10th, 8pm Beijing Time and September 9th, 9pm Eastern Time.

Lu Biao, CEO of Color Star Technology said that "Color World is a complete and powerful platform for online entertainment knowledge sharing and exchange that was independently developed and built by us. Color World integrates education, celebrity interaction, peripheral product sales and video playback. We hope to promote China’s excellent cultural traditions to all parts of the world."

About Color Star Technology Co., Ltd.

Color Star Technology Co, Ltd. (Nasdaq CM: HHT) offers online and offline innovative knowledge-paid services for music and entertainment industries globally. Its official website is www.colorstarinternational.com. The Company routinely posts important information on its website.  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 has had and will continue to 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