HONG KONG, May 22, 2024/PRNewswire/ -- Blue Hat Interactive Entertainment Technology, Inc. (“BHAT”) announced today that it has partnered withGTC Multi Trading DMCC(hereinafter referred to as “GTCM”), a fintech company registered in the United Arab Emirates, has reached a framework agreement on acquisition intentions. Under the agreement, BHAT plans to successively acquire 60% of GTCM's shares through the issuance of common shares. The transaction marks an important step for BHAT in the global fintech industry, particularly in using artificial intelligence (AI) technology to accelerate innovation in gold and other precious metals or financial product contract transactions.

Mr. Chen Xiaodong, CEO of Blue Hat Interactive Entertainment Technology, said, “This cooperation is not only a key step for our company to fully transform the fintech industry, but also an important milestone in our deep integration of AI technology innovation and financial services. The acquisition of GTCM is the first step in cooperation since we signed a framework cooperation agreement with GTC Group LLC. We will continue to explore the application of AI in the financial sector to drive our services and products towards an AI-driven future.”

Mr. Zheng, founder of GTCM, also expressed a positive opinion on this collaboration: “We are very happy to begin a substantial partnership with BHAT. This collaboration will enable us to maximize the potential of AI technology and achieve breakthroughs not only in the field of financial transactions, but also in customer service and product innovation. We look forward to working together to develop a new generation of AI-driven fintech solutions through this collaboration.”

This cooperation is expected to bring BHAT a major breakthrough in artificial intelligence services to the financial business, and bring more innovative service models and growth potential to the fintech industry.