August 7, 2022

Tricia Oak

Business & Finance Excellency

CSCW) Established New Singapore Subsidiary to Emphasis on Its Core Small business of Meta-Digital Technological innovation

NEW YORK, March 25, 2022 /PRNewswire/ — Shade Star Technological innovation Co., Ltd. (Nasdaq: CSCW) (“Coloration Star” or the “Organization”), an leisure technological innovation company with a world community that focuses on the application of technologies and synthetic intelligence (“AI”) in the entertainment marketplace, a short while ago officially declared the institution of its Singapore subsidiary, Shade Metaverse Pte. The subsidiary will be fully focused on creating its enterprise of digital commerce and goods in the metaverse. This indicates that Color Star will be furthering its progress into its core firms by specialist subsidiaries.

Shade Star is a worldwide business with its most important emphasis set on developing significant technological know-how. It currently has its have teams of professionals working in Europe, The united states, the Middle East, and Asia. In order to superior aid the growth and management of its enterprise, it has set up subsidiaries in numerous international locations. Each subsidiary is liable for a part of Color Star’s commercial operations. The institution of the Singapore subsidiary also heralds the beginning of the AI digital economic climate era, with the Color Environment metaverse platform as the starting off stage. The Singapore subsidiary will concentration on combining digital merchants, digital goods and the metaverse system, offering an all-inclusive technological know-how system for merchants and customers around the globe.

Furthermore, the establishment of the Singapore subsidiary also gives a constructive strengthen to the expansive international network of the mum or dad firm, Shade Star. Singapore has a distinctive benefit in phrases of locale, organization ecosystem, and technological development. Colour Star will concentrate on Singapore in the potential, linking with each other global technological know-how and AI advancement. It is without having a doubt of extraordinary significance for Color Star and the Color Planet metaverse to function in tandem with the world’s cutting-edge technological know-how. The Asian model of Color Earth will quickly be released, and consequently the variety of Southeast Asian end users and companies will boost appreciably. Buyers in Europe, The us, the Middle East and Asia will be closely related as a result of the digital platform, bypassing geographical limitations, and the positive aspects are specifically clear in the current unstable economic natural environment caused by the pandemic.

Lucas Capetian, CEO of Color Star states: “The establishment of the Singapore subsidiary is proof that Color Star has made substantial progress due to the fact the small business transformation, which is also proof that shifting our target onto the metaverse was the suitable decision. On the other hand, we will be bringing variations to the notion of standard bodily outlets as a result of our progress of digital integration, which will very most likely see good results, and not only for the cultural entertainment industry. As a technology corporation, we are also bound to further acquire each individual of our person business ventures, so that our partners and shareholders can see that Color Star is a enterprise able of infinite choices and immediate outcomes. They will believe that we will be superior and far better in the upcoming by witnessing our effects and successes.”

About Coloration Star Engineering Co., Ltd.

Colour Star Technological innovation Co., Ltd. (Nasdaq: CSCW) is an enjoyment and schooling company that gives online entertainment performances and on line music schooling solutions. Its company functions are done by its wholly-owned subsidiaries, Shade China Amusement Ltd. and CACM Team NY, Inc. The Company’s on line instruction is presented as a result of its Shade Environment new music and leisure training platform. A lot more details about the Business can be identified at www.colorstarinternational.com.

Ahead-Searching Statement

This press release incorporates ahead-looking statements as outlined by the Private Securities Litigation Reform Act of 1995. Forward-on the lookout statements contain statements relating to ideas, goals, plans, approaches, foreseeable future gatherings or efficiency, and underlying assumptions and other statements that are other than statements of historic info. When the Firm uses words and phrases these types of as “might,” “will,” “intend,” “should really,” “think,” “hope,” “foresee,” “challenge,” “estimate” or comparable expressions that do not relate exclusively to historical matters, it is producing forward-looking statements. Ahead-wanting statements are not guarantee of foreseeable future overall performance and entail threats and uncertainties that may possibly lead to the genuine success to differ materially from the Company’s anticipations discussed in the forward-looking statements. These statements are subject matter to uncertainties and pitfalls like, but not limited to, the following: the Company’s goals and strategies the Company’s upcoming organization improvement, including the improvement of the metaverse job products and service demand from customers and acceptance modifications in know-how financial circumstances the advancement of the instructional and teaching solutions industry internationally the place CSCW conducts its business status and brand the effect of level of competition and pricing govt laws fluctuations in normal economic and company situations and assumptions fundamental or linked to any of the foregoing and other dangers contained in studies submitted by the Firm with the Securities and Trade Commission. For these good reasons, among the other individuals, traders are cautioned not to spot undue reliance on any ahead-looking statements in this press release. More variables are mentioned in the Company’s filings with the U.S. Securities and Trade Commission, which are accessible for assessment at www.sec.gov. The Organization undertakes no obligation to publicly revise these forward–looking statements to replicate situations or instances that arise soon after the date hereof unless necessary by relevant laws, polices or rules.

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