Color Star announces the release of a new version of the Color World application as the company continues to develop the entertainment metaverse

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NEW YORK, June 8, 2022 /PRNewswire/ — Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), a globally networked entertainment technology company focused on the application of technology and artificial intelligence (“AI”) in the entertainment industry, today announces that a new version of “ColorWorld_MetaVerse” has been launched simultaneously on Android and Apple mobile phones.

The entertainment metaverse software “ColorWorld_MetaVerse is a metaverse concept software that integrates entertainment, game social features and entertainment activities. The latest software not only integrates AI and VR vision systems, but also enhances business meeting functions. With the continuous development of more sections and the continuous improvement of various functions, “ColorWorld_MetaVerse” will provide users with more convenience and better user experience.

Mr. Lucas Capetian, CEO of Color Star, commented, “Recently, the company’s technology development department has been working on software upgrades. The latest software version offers more convenient page operations and a more visual experience. advanced. In addition, more content will be added to the software, including VR arcades, VR concerts and VR star meetups. I believe that we will attract more users in the future. At the same time, ColorWorld_MetaVerse could to be the world’s first entertainment metaverse software. Color Star will pay more attention to the entertainment function of the software, and the celebrity dating section will be a highlight that cannot be ignored.”

The “ColorWorld_MetaVerse” application is available for all users and can be downloaded from both the Apple App Store and Android Google Play.

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: CSCW) is an entertainment and education company that provides online entertainment shows and online music education services. Its business activities are conducted through its wholly owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is delivered through its Color World music and entertainment education platform. For more information about the company, visit www.colorstarinternational.com.

Forward-looking statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding future plans, objectives, goals, strategies, events or performance, as well as underlying assumptions and other statements other than statements of historical fact. Where the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar expressions that do not relate solely to historical matters, it makes forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations described in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s objectives and strategies; the future business development of the Company, including the development of the metaverse project; requesting and accepting products and services; changes in technology; economic conditions; the growth of the international education and training services market in which CSCW operates; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or relating to any of the foregoing and other risks contained in the Company’s filings with the Securities and Exchange Commission. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Other factors are discussed in the Company’s filings with the United States Securities and Exchange Commission, which may be viewed at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof, except as required by applicable laws, regulations or rules.

SOURCE Color Star Technology Co., Ltd.

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