Color Star Technology Co., Ltd. (NASDAQ: HHT) (the “Company”, “we” or “HHT”), a company engaged in the business of providing education services, today announced that its wholly owned subsidiary, Color China Entertainment Limited (“Color China”), has officially reached a long-term strategic agreement with Red Phoenix Entertainment. In the future, the two parties will leverage on each other’s advantages to develop in-depth cooperation on sports education, brand promotion, and online star education.
The cooperation between the two parties allows Color China to strategically expand into sports area to create professional, diversified and educational services. The cooperation also enables Color China to expand from the entertainment industry to more profitable and derivative industries such as sports, and greatly enhances Color China’s extensiveness and operability through the combination of online and offline. In the near future, Color China and its parent company Color Star Technology Co., Ltd. will launch its self-developed star online