Color Star Technology Co., Ltd. (NASDAQ:ADD) ("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, announces that its subsidiary, Color Metaverse Pte. Ltd., recently entered into a strategic cooperation framework agreement with Hua Yu Sheng Shi Group ("Hua Yu Group" or the "Group") to work together on developing new entertainment and sports IPs in the future, with terms to be set forth in a definitive written agreement. The partnership will involve co-organizing large-scale events, talent cultivation programs, variety shows, agency operations and commercial rights management.