Color Star Attends Dubai Metaverse Assembly to Promote DONO Metaverse Smartphone


Color Star Technology Co., Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, was invited on the 28th of September to participate in the Dubai Metaverse Assembly (the “Assembly”) organized by the Dubai Future Foundation. During the Assembly, Color Star actively promoted its metaverse software ColorWorld Metaverse (“Color World”) to the attendees, and focused on introducing its new “DONO Phone” project.

It is understood that the conference is centered around the development of industries and sectors involved in the “metaverse economy”, attracting internationally renowned companies and leading figures to attend. Color Star also made full use of the high-profile nature of the Assembly to exchange information and promote the Company’s metaverse project with the attendees. Color Star recently announced its entry into the smartphone business with the DONO Phone, its first metaverse smartphone, which received widespread attention from the public. The phone is designed with the concept of the “metaverse” in mind, and the Color World app will be pre-installed on each unit. The DONO phone aims to bridge the gap between users and the virtual world, allowing users to freely access educational content, digital entertainment, and virtual communication, unbounded by physical limitations. Color Star is focused on delivering the best experiences with its metaverse technology, in addition to developing powerful cybersecurity technology to protect the privacy and security of its users. The DONO phone will utilize a distributed file storage system and a decentralized storage server to make it an almost impossible task for hackers to compromise. At the Assembly, Color Star also emphasized that all technology should be based on the security of the network.

Farhan Qadir, CEO of Color Star, said: “Color Star is very happy to participate in this Assembly. Regarding the question of how to develop the metaverse economy and generate more revenue, Color Star has also been looking for answers. For example, our Color World combines celebrity entertainment with artificial intelligence, resulting in near unlimited room for development and new opportunities for the fan and digital economy. In addition, through our metaverse DONO phone, we are announcing to the world that we are about to stimulate the metaverse to try and help it reach its full potential so as to further increase the Company’s profit and revenue.”


Color Star Technology Co., Ltd. Closes $5.6 Million Registered Direct Offering


Color Star Technology Co., Ltd. (“Color Star” or the “Company”) (NASDAQ: CSCW), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence (AI) in the entertainment industry, today announced it closed its previously announced registered direct offering for the purchase and sale of ordinary shares and warrants. Each unit consisted of one ordinary share and one warrant to purchase one ordinary share. The purchase price per unit was $0.08. The gross proceeds from the sale of the securities, before deducting placement agent fees and other estimated offering expenses payable by the Company, was approximately $5.6 million. The Company issued to the investors an aggregate of 70,000,000 ordinary shares and warrants to purchase an aggregate of 70,000,000 ordinary shares. The investor warrants are initially exercisable at $0.08 per share.

The net proceeds from this offering will be used for general corporate and working capital purposes.

Maxim Group, LLC acted as sole placement agent for the offering.

This offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333- 256508) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on June 23, 2021. A prospectus supplement describing the terms of the proposed offering has been filed with the SEC and is available on the SEC’s website located at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


Color Star Technology Co., Ltd. (NASDAQ: CSCW) Announces that Thai Construction Company, The Jade to Join Color World, with Smart Technology Opening Up New Possibilities for Real Estate Companies


Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence (“AI”) in the entertainment industry, announced today that Color Sky Entertainment Limited, a subsidiary of Color Star has recently reached a strategic cooperative agreement with The Jade Construction Group (hereinafter referred to as “The Jade”), who will become the first international real estate company from Thailand to join the Color World app. In the future, the two sides will closely cooperate to integrate smart technology into the company’s development and pave a new path for the real estate industry.

The Jade is a comprehensive investment management group, involved in industries such as tourism, construction materials, import/export, Chinese radio, real estate and other wholly-owned companies. The cooperation between the two sides focuses on the real estate industry. Recently The Jade has constructed the largest recreational independent pool villa area in Hua Hin, Thailand, with an estimated investment of USD 60 million. So far, 70 buildings have been completed. As such, The Jade hopes that the rapidly developing online and smart technologies can facilitate the sales of these villas in the global housing market. The partnership with Color Star is considered a win-win.

Color Star currently has a team of some of the world’s best researchers and technology experts, and their independently developed “Color World” app is a combination of technology and artificial intelligence. Previously, Color World has already amassed more than a million users worldwide and the software will be transformed into a metaverse platform following a technical update at the end of this month. This also means that “Color World” will shift focus onto the development of virtual communities and the commercial operation of virtualized real-world products. Through close cooperation, both sides will mutually benefit by leveraging each other’s industry advantages to help each other develop in many areas. This will also hopefully place the two sides further ahead on the global industry ranking. Color Star will construct a virtual headquarter for The Jade, while also utilizing VR technology to vividly display information of properties for sale. Amidst this current pandemic, users can go through the entire house-purchasing process, from viewing to paying, all in VR and without stepping outside their homes. Online real estate sales, user conversion and flow, corporate brand enhancement, etc. will be the focus of the cooperation.

CEO of Color Star Technology, Lucas Capetian said, “There is lots of room for cooperation with The Jade Construction Group due to their profile as an international company with a presence in diverse industries. Smart technology is necessary for The Jade if they are targeting real estate buyers on a global scale. This is because potential buyers will not have to view properties in person, and all they need to do is to register as a member. Through advanced technology, buyers can intimately experience the structure and layout of a property. Through this service, both companies can deepen their understanding of their respective products and make improvements whilst simultaneously promoting their brands. At Color Star, we believe that Color World is a multifaceted platform. It does not matter whether it is real estate or other industries and we will not limit ourselves to one. Furthermore, we want to become a platform filled with variety of contents and products created by our users.”

As the brand new metaverse platform “Color World” features novel contents, Color Star regrets to announce that the latest version of APP is still under review at major App Stores.  The company has been in close communication with the relevant App Stores, hoping to pass the review process as soon as possible to introduce the latest App to global users.