XODIAC teams up with Color Star to organize a Concert in Amsterdam on May 30, 2023

NEW YORK, May 3, 2023 /PRNewswire/ -- 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, has recently announced a magnificent concert to be held in Amsterdam, the Netherlands on May 30, 2023 in collaboration with the new-generation super idol group, XODIAC. XODIAC officially debuted on April 25, 2023 in South Korea, and the Amsterdam concert will be their first official group performance following their debut. The touring sponsor, Color Star, will also join XODIAC in bringing an exciting audio-visual feast to fans and audiences.

XODIAC is the first K-POP idol group created by OCJ NEWBIES, a rookie label under One Cool Jacso Entertainment. Their debut song, "THROW A DICE," which was released on April 25, 2023, quickly went viral on major social media platforms, and the 9 members of the group have skyrocketed in popularity. XODIAC had previously released their first pre-debut song, "CALLING," in March 2023, which already caused a sensation, especially with the announcement of their first 6 members, including the group leader LEX, Hong Kong member SING, and four Korean members HYUNSIK, WAIN, BEOMSOO, and DAVIN. The announcement of three additional members in their debut release, "THROW A DICE," including LEO from Hong Kong, ZAYYAN from Indonesia, and Korean member GYUMIN, also quickly garnered attention. On the day of their showcase held in South Korea, XODIAC met their fans through a YouTube live stream, marking their first interaction with fans worldwide, and their popularity has since soared.

The Amsterdam concert marks an important milestone for XODIAC, and the group is tirelessly rehearsing to deliver a spectacular performance. As the sponsor of the Amsterdam concert, Color Star places great importance to XODIAC's debut performance, which embodies the spirit of "ruling the stage from the start." Color Star plans to assemble its most professional and experienced team to arrange every detail of the concert. Color Star CEO, Louis, stated, "Color Star is delighted to be the touring sponsor of XODIAC's concert, and the first performance in Amsterdam will be very significant. With our extensive experience and resources in the concert industry, we will make the most of this concert to launch the Color Star Music series of events globally. This year is the year for us to revive our offline concerts, and we will ignite the public's attention around the world, while also gaining significant box office and commercial revenue.

About Color Star Technology Co., Ltd.

Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

Forward-Looking Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

SOURCE Color Star Technology Co., Ltd.

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