October 4, 2022

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CSCW) Founded New Singapore Subsidiary to Focus on Its Main Business enterprise of Meta-Digital Engineering

NEW YORK, March 25, 2022 /PRNewswire/ — Coloration Star Technology Co., Ltd. (Nasdaq: CSCW) (“Shade Star” or the “Enterprise”), an leisure technological know-how corporation with a international network that focuses on the application of technological innovation and artificial intelligence (“AI”) in the leisure field, lately officially introduced the establishment of its Singapore subsidiary, Color Metaverse Pte. The subsidiary will be entirely concentrated on creating its business enterprise of electronic commerce and goods in the metaverse. This implies that Shade Star will be furthering its advancement into its main businesses through professional subsidiaries.

Colour Star is a international organization with its most important emphasis established on building superior technological innovation. It at present has its individual teams of experts working in Europe, The united states, the Center East, and Asia. In get to much better facilitate the enhancement and management of its small business, it has established up subsidiaries in numerous countries. Each subsidiary is responsible for a portion of Colour Star’s professional functions. The establishment of the Singapore subsidiary also heralds the starting of the AI digital economy era, with the Color World metaverse system as the commencing issue. The Singapore subsidiary will emphasis on combining electronic merchants, electronic items and the metaverse system, giving an all-inclusive engineering system for retailers and users around the globe.

In addition, the establishment of the Singapore subsidiary also delivers a constructive boost to the expansive global network of the dad or mum firm, Colour Star. Singapore has a unique benefit in phrases of locale, organization setting, and technological development. Shade Star will emphasis on Singapore in the potential, linking collectively international technology and AI development. It is without the need of a doubt of incredible significance for Color Star and the Colour Entire world metaverse to get the job done in tandem with the world’s cutting-edge technology. The Asian variation of Colour World will quickly be launched, and therefore the range of Southeast Asian people and firms will improve substantially. Buyers in Europe, The usa, the Middle East and Asia will be intently connected by means of the electronic system, bypassing geographical constraints, and the benefits are in particular obvious in the current unstable financial atmosphere brought on by the pandemic.

Lucas Capetian, CEO of Color Star states: “The institution of the Singapore subsidiary is evidence that Coloration Star has made considerable progress considering that the business transformation, which is also evidence that shifting our concentrate onto the metaverse was the proper choice. On the other hand, we will be bringing improvements to the idea of common physical outlets by way of our development of digital integration, which will quite possible see results, and not only for the cultural amusement industry. As a technological know-how firm, we are also certain to further build just about every of our individual business ventures, so that our associates and shareholders can see that Shade Star is a corporation capable of infinite alternatives and instantaneous outcomes. They will consider that we will be superior and far better in the potential by witnessing our effects and successes.”

About Shade Star Know-how Co., Ltd.

Color Star Technologies Co., Ltd. (Nasdaq: CSCW) is an entertainment and education and learning enterprise that delivers on-line entertainment performances and on the internet tunes education companies. Its business operations are executed as a result of its wholly-owned subsidiaries, Coloration China Amusement Ltd. and CACM Group NY, Inc. The Company’s on line instruction is delivered through its Shade World music and amusement training platform. Additional facts about the Corporation can be identified at www.colorstarinternational.com.

Forward-Looking Assertion

This press release consists of forward-searching statements as described by the Non-public Securities Litigation Reform Act of 1995. Ahead-seeking statements incorporate statements relating to ideas, objectives, targets, techniques, foreseeable future functions or performance, and underlying assumptions and other statements that are other than statements of historic details. When the Corporation takes advantage of words these kinds of as “could,” “will,” “intend,” “need to,” “think,” “count on,” “foresee,” “challenge,” “estimate” or similar expressions that do not relate exclusively to historical issues, it is creating forward-seeking statements. Ahead-searching statements are not promise of foreseeable future overall performance and require risks and uncertainties that may bring about the real outcomes to differ materially from the Company’s expectations talked over in the ahead-wanting statements. These statements are issue to uncertainties and dangers like, but not restricted to, the following: the Firm’s targets and strategies the Company’s upcoming small business advancement, such as the growth of the metaverse venture item and support demand and acceptance improvements in engineering financial situations the growth of the educational and education providers current market internationally exactly where CSCW conducts its organization name and brand the influence of competitiveness and pricing government restrictions fluctuations in typical financial and small business situations and assumptions fundamental or connected to any of the foregoing and other threats contained in reviews filed by the Corporation with the Securities and Exchange Fee. For these good reasons, among other people, buyers are cautioned not to location undue reliance upon any ahead-seeking statements in this push launch. Added elements are talked over in the Company’s filings with the U.S. Securities and Trade Commission, which are accessible for critique at www.sec.gov. The Firm undertakes no obligation to publicly revise these forward–looking statements to mirror activities or circumstances that crop up immediately after the date hereof unless of course demanded by applicable guidelines, laws or procedures.

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