NEW YORK, Nov. 13, 2020 /PRNewswire/ -- Color Star
Technology Co., Ltd. (Nasdaq CM: CSCW) (the "Company", or "Color
Star"), an entertainment and education company that provides online
entertainment performances and online music education services,
today announced its audited financial results and the filing of its
Annual Report on Form 20-F with the Securities and Exchanges
Commission for the fiscal year ended June
30, 2020. A copy of the Annual Report is available
at www.sec.gov.
"Today's announcement marks the filing of our Annual Report for
the first time since we disposed the ready-mix concrete business
and started to reposition the Company as a global, online+offline
entertainment and paid knowledge sharing company. Looking ahead,
with a continuously growing registered user base which now tops
500,000 and the combination of offline music festivals and online
businesses that include online education academy, online concert,
and online store, we firmly believe that Color Star is well
positioned to succeed in years to come," commented
Biao (Luke) Lu, Chairman and Chief
Executive Officer of Color Star.
Fiscal Year 2020 Financial Highlights
|
|
For the Fiscal
Year Ended June 30,
|
($ millions,
except per share data)
|
|
2020
|
|
2019
|
|
%
Change
|
Revenues
|
|
$nil
|
|
$nil
|
|
NA
|
Loss from
operations
|
|
($5.16)
|
|
($6.66)
|
|
22.4%
|
Net loss
|
|
($11.63)
|
|
($14.39)
|
|
19.2%
|
Loss per
share
|
|
($0.99)
|
|
($2.46)
|
|
59.8%
|
Financial Conditions
As of June 30, 2020, the Company
had cash, cash equivalents of $0.99
million, compared to $0.32
million as of June 30, 2019.
Other receivables were $1.00 million
as of June 30, 2020, compared to
$2,300 as of June 30, 2019. Prepayment and advances were
$1.17 million as of June 30, 2020, compared to $25,000 as of June 30,
2019. Working capital was $2.63
million as of June 30, 2020,
compared to working capital deficit of $1.14
million as of June 30,
2019.
Net cash used in operating activities was $2.54 million for fiscal year 2020, compared to
$1.08 million for fiscal year 2019.
Net cash used in investing activities was $1.39 million for fiscal year 2020, compared to
$0.14 million for fiscal year 2019.
Net cash provided by financing activities was $4.80 million for fiscal year 2020, compared to
$0.52 million for fiscal year
2019.
Recent Developments
On October 30, 2020, the Company
announced that it had secured the naming rights for the Wu Muye
Piano World Tour, under the name "Color World – Wu Muye Piano World
Tour".
On October 25, 2020, the Company
officially added online "Star Mall" feature to its Color World
App.
On October 16, 2020, the Company
announced that it will kick off its "Color World"-branded Music
Festival Series in mainland China.
On October 9, 2020, the Company
announced the launch of a series of interactive live events
featuring its growing band of Star Teachers.
On October 6, 2020, the Company
announced that it had signed separate cooperation agreements with
three renowned South Korean musicians.
On October 1, 2020, the Company
announced that its ordinary shares would commence trading on the
NASDAQ Capital Market under the new ticker symbol "CSCW".
On September 28, 2020, the Company
announced adding online store feature to its Color World App.
On September 25, 2020, the Company
announced upgrading its Color World App with interactive live video
streaming feature.
On September 23, 2020, the Company
announced that it entered into a memorandum of understanding on
September 21, 2020 with FENT Co.
Ltd., a South Korean K-pop entertainment and artist agency service
company, to acquire 100 percent equity interest in FENT.
On September 16, 2020, the Company
announced that it had entered into a securities purchase agreement
on September 15, 2020 with certain
accredited investors to purchase $6.6
million of its ordinary shares in a registered direct
offering and warrants to purchase ordinary shares in a concurrent
private placement.
On September 14, 2020, the Company
announced the debut of the Color World App.
On September 9, 2020, the Company
announced the lineup of its "Fearless, Color World" cloud
concert.
On September 4, 2020, the Company
announced entry into strategic agreement with China-Korea Culture
and Art Exchange Association, expanding its online star education
services internationally.
August 28, 2020, the Company
announced collaboration with Red Phoenix Entertainment to
strategically expand into sports education.
On August 25, 2020, the Company
announced cooperation with the Romanian Chamber of Commerce and
Industry, expanding its online star education services.
On August 21, 2020, the Company
announced press conference to be held in Beijing on September
2, 202 for Color World App
On August 19, 2020, the Company
announced that it reached a long-term strategic agreement
with Thailand's "Sing Sian Yer Pao Daily News".
On August 17, 2020, the Company
announced that its online star education mobile application
platform "Color Star" had successfully completed its testing phase
and many international celebrities had joined the platform in
advance to create an all-star lineup of entertainment education
network.
On August 14, 2020, the Company
announced that Hung-Jen Kuo had been
named to its Board of Directors.
On August 10, 2020, the Company
received a letter from Nasdaq notifying the Company that it had
regained compliance with Nasdaq Listing Rules 5550(a)(2), as the
Company maintained a closing bid price of $1.00 per share or greater for twenty (20)
consecutive days from July 13 through August
7, 2020.
On August 10, 2020, the Company
announced that Na Ying joined the
Company's "Fearless, Color World" online concert.
On August 7, 2020, the Company
announced that American rapper, singer, songwriter and actor
Machine Gun Kelly joined the Company's "Fearless, Color World"
online concert.
On August 5, 2020, the Company
announced multi-platinum selling, Grammy and Golden Globe nominated
recording artist Wiz Khalifa joined
the Company's "Fearless, Color World" online concert.
On August 4, 2020, the Company
announced that Syncopated Ladies, the team of Emmy nominated
choreographer and international tap star Chloé Arnold joined the
Company's "Fearless, Color World" online concert as the latest
guest and opening dancers.
On August 3, 2020, the Company
announced the launch of its official website.
On July 30, 2020, the Company
announced that the famous Japanese idol Ryuta Hayashi joined the Company's "Fearless,
Color World" online concert.
On July 28, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had signed a Cooperation Agreement with a
famous Chinese singer Win (Wei Xun)
and an international musician Mike
Mclaughlin to serve as Star Teachers on the Company's online
education platform Color World.
On July 27, 2020, the Company
announced that the famous Grammy Award Winning American singer
Ashanti joined the Company's "Fearless, Color World" online
concert.
On July 24, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had signed a Cooperation Framework Agreement
with Hong Kong's renowned
tourbillon watch brand Memorigin to jointly design, produce and
sell customized watches.
On July 23, 2020, the Company
announced its wholly-owned subsidiary Color China Entertainment
Limited had entered into cooperation agreements with Xiuzhu Chen, a renowned Asian music producer,
and Bowan Wang, a renowned Asian
dancer to serve as Star Teachers on the Company's online education
platform Color World.
On July 20, 2020, the Company
announced it had entered into a securities purchase agreement with
certain accredited investors to purchase approximately $4.2 million worth of its ordinary shares in a
registered direct offering and warrants to purchase ordinary shares
in a concurrent private placement.
On July 17, 2020, the Company
announced the resignation of Yang (Sean)
Liu as CEO and chairman of the board of directors and the
appointment of Mr. Biao (Luke) Lu as
his successor.
On July 17, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had entered into a cooperation agreement with
Shenzhen Yuren Production Culture Media Co., Ltd. , through which
renowned music producers Nianhe Li and Peirong Qiu, and music instructor Muheng Shen serving as Star Teachers on the
Company's online education platform Color World.
On July 15, 2020, the Company
announced its "Fearless, Color World" online concert to hold on
September 9, 2020.
On July 9, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had signed a Framework Agreement with
Moremoon Cartoon Cultural Diffusion (Shenzhen) Co., Ltd. to release multiple series
of Moremoon products on the Company's Color World platform.
On July 7, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had signed a cooperation agreement with a
renowned American musician, Larry
Carlton to serve as a Star Teacher on the Company's online
education platform Color World.
On July 2, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had just signed a cooperation agreement with
a renowned guitarist, Zhengyan You
(a.k.a. Masa) to serve as a Star Teacher on the Company's online
education platform Color World.
On July 1, 2020, the Company
announced that its wholly owned subsidiary, Color China
Entertainment Limited had signed a Broadcast and Educational
Licensing Agreement with the famous American director Bobby Roth.
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) 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 China Entertainment 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.
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; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the educational and training services market in China and other countries where CSCW 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.
For more information, please contact:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386
COLOR STAR
TECHNOLOGY CO., LTD. AND SUBSIDIARIES
|
(FORMERLY KNOWN AS
HUITAO TECHNOLOGY CO., INC.)
|
CONSOLIDATED
BALANCE SHEETS
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2020
|
|
|
2019
|
|
ASSETS
|
|
|
|
CURRENT
ASSETS:
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
988,696
|
|
|
$
|
319,514
|
|
Other
receivables
|
|
|
1,002,300
|
|
|
|
2,300
|
|
Prepayments and
advances
|
|
|
1,170,000
|
|
|
|
25,000
|
|
Current assets of
discontinued operations
|
|
|
-
|
|
|
|
52,158,699
|
|
Total current
assets
|
|
|
3,160,996
|
|
|
|
52,505,513
|
|
|
|
|
|
|
|
|
|
|
OTHER
ASSETS
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net
|
|
|
3,958,335
|
|
|
|
-
|
|
Other assets of
discontinued operations
|
|
|
-
|
|
|
|
1,659,520
|
|
Total other
assets
|
|
|
3,958,335
|
|
|
|
1,659,520
|
|
|
|
|
|
|
|
|
|
|
Total
assets
|
|
$
|
7,119,331
|
|
|
$
|
54,165,033
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES:
|
|
|
|
|
|
|
|
|
Other payables and
accrued liabilities
|
|
$
|
518,122
|
|
|
$
|
353,292
|
|
Other payables -
related parties
|
|
|
10,711
|
|
|
|
540,000
|
|
Loans payable -
employee
|
|
|
-
|
|
|
|
308,089
|
|
Current liabilities
of discontinued operations
|
|
|
-
|
|
|
|
52,442,854
|
|
Total current
liabilities
|
|
|
528,833
|
|
|
|
53,644,235
|
|
|
|
|
|
|
|
|
|
|
Total
liabilities
|
|
|
528,833
|
|
|
|
53,644,235
|
|
|
|
|
|
|
|
|
|
|
COMMITMENTS AND
CONTINGENCIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred shares,
$0.001 par value, 1,000,000 shares authorized, no shares issued
or
outstanding
|
|
|
-
|
|
|
|
-
|
|
Ordinary shares,
$0.001 par value, 74,000,000 shares authorized, 25,623,822
and
7,174,626 shares
issued and outstanding as of June 30, 2020 and 2019,
respectively
|
|
|
25,624
|
|
|
|
7,175
|
|
Additional
paid-in-capital
|
|
|
69,689,789
|
|
|
|
54,237,082
|
|
Deferred stock
compensation
|
|
|
(1,201,183)
|
|
|
|
(3,161,200)
|
|
Deficit
|
|
|
(61,923,732)
|
|
|
|
(64,031,446)
|
|
Statutory
reserves
|
|
|
-
|
|
|
|
6,248,092
|
|
Accumulated other
comprehensive income
|
|
|
-
|
|
|
|
7,221,095
|
|
Total shareholders'
equity
|
|
|
6,590,498
|
|
|
|
520,798
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
shareholders' equity
|
|
$
|
7,119,331
|
|
|
$
|
54,165,033
|
|
COLOR STAR
TECHNOLOGY CO., LTD. AND SUBSIDIARIES
|
(FORMERLY KNOWN AS
HUITAO TECHNOLOGY CO., INC.)
|
CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
|
|
|
|
For the Years ended
June 30,
|
|
|
|
2020
|
|
|
2019
|
|
|
2018
|
|
SELLING, GENERAL AND
ADMINISTRATIVE EXPENSES
|
|
$
|
(1,598,984)
|
|
|
$
|
(2,065,829)
|
|
|
$
|
(918,605)
|
|
RESEARCH AND
DEVELOPMENT EXPENSES
|
|
|
(120,000)
|
|
|
|
-
|
|
|
|
-
|
|
STOCK COMPENSATION
EXPENSE
|
|
|
(3,444,617)
|
|
|
|
(4,592,200)
|
|
|
|
(1,388,501)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS FROM
OPERATIONS
|
|
|
(5,163,601)
|
|
|
|
(6,658,029)
|
|
|
|
(2,307,106)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER INCOME
(EXPENSE), NET
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
|
-
|
|
|
|
84
|
|
|
|
13
|
|
Finance
expense
|
|
|
(5,041)
|
|
|
|
(1,477)
|
|
|
|
(26)
|
|
TOTAL OTHER EXPENSE,
NET
|
|
|
(5,041)
|
|
|
|
(1,393)
|
|
|
|
(13)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS BEFORE PROVISION
FOR INCOME TAXES
|
|
|
(5,168,642)
|
|
|
|
(6,659,422)
|
|
|
|
(2,307,119)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROVISION FOR INCOME
TAXES
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS FROM CONTINUING
OPERATIONS
|
|
|
(5,168,642)
|
|
|
|
(6,659,422)
|
|
|
|
(2,307,119)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISCONTINUED
OPERATIONS:
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
discontinued operations, net of applicable income taxes
|
|
|
(12,245,168)
|
|
|
|
(7,729,108)
|
|
|
|
(5,092,846)
|
|
Net gain on sale of
discontinued operations, net of applicable income
taxes
|
|
|
5,787,213
|
|
|
|
-
|
|
|
|
-
|
|
LOSS FROM
DISCONTINUED OPERATIONS
|
|
|
(6,457,955)
|
|
|
|
(7,729,108)
|
|
|
|
(5,092,846)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET LOSS
|
|
$
|
(11,626,597)
|
|
|
$
|
(14,388,530)
|
|
|
$
|
(7,399,965)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPREHENSIVE
LOSS
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(11,626,597)
|
|
|
$
|
(14,388,530)
|
|
|
$
|
(7,399,965)
|
|
Other comprehensive
(loss) income - foreign currency translation (loss) gain
|
|
|
-
|
|
|
|
(335,080)
|
|
|
|
347,097
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPREHENSIVE
LOSS
|
|
$
|
(11,626,597)
|
|
|
$
|
(14,723,610)
|
|
|
$
|
(7,052,868)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOSS PER ORDINARY
SHARE
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
11,640,018
|
|
|
|
5,841,614
|
|
|
|
2,942,945
|
|
Diluted
|
|
|
11,640,018
|
|
|
|
5,841,614
|
|
|
|
2,942,945
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share -
basic and diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
Continuing
operations
|
|
$
|
(0.44)
|
|
|
$
|
(1.14)
|
|
|
$
|
(0.78)
|
|
Discontinued
operations
|
|
$
|
(0.55)
|
|
|
$
|
(1.32)
|
|
|
$
|
(1.73)
|
|
Total
|
|
$
|
(0.99)
|
|
|
$
|
(2.46)
|
|
|
$
|
(2.51)
|
|
COLOR STAR
TECHNOLOGY CO., LTD. AND SUBSIDIARIES
|
(FORMERLY KNOWN AS
HUITAO TECHNOLOGY CO., INC.)
|
CONSOLIDATED
STATEMENTS OF CASH FLOWS
|
|
|
|
For the years ended
June 30,
|
|
|
|
2020
|
|
|
2019
|
|
|
2018
|
|
CASH FLOWS FROM
OPERATING ACTIVITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(11,626,597)
|
|
|
$
|
(14,388,530)
|
|
|
$
|
(7,399,965)
|
|
Net loss from
discontinued operations
|
|
|
(6,457,955)
|
|
|
|
(7,729,108)
|
|
|
|
(5,092,846)
|
|
Net loss from
continuing operations
|
|
|
(5,168,642)
|
|
|
|
(6,659,422)
|
|
|
|
(2,307,119)
|
|
Adjustments to
reconcile net loss to net cash (used in) provided by
operating
activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock compensation
expense
|
|
|
3,444,617
|
|
|
|
4,592,200
|
|
|
|
1,388,501
|
|
Changes in operating
assets and liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
receivables
|
|
|
-
|
|
|
|
-
|
|
|
|
(2,300)
|
|
Prepayments and
advances
|
|
|
(1,145,000)
|
|
|
|
15,458
|
|
|
|
(40,458)
|
|
Other payables and
accrued liabilities
|
|
|
130,036
|
|
|
|
509,381
|
|
|
|
2,000
|
|
Other payables -
related parties
|
|
|
-
|
|
|
|
540,000
|
|
|
|
720,000
|
|
Net cash used in
operating activities from continuing operations
|
|
|
(2,738,989)
|
|
|
|
(1,002,383)
|
|
|
|
(239,376)
|
|
Net cash provided by
(used in) operating activities from
discontinued
operations
|
|
|
203,854
|
|
|
|
(73,759)
|
|
|
|
2,689,394
|
|
Net cash (used in)
provided by operating activities
|
|
|
(2,535,135)
|
|
|
|
(1,076,142)
|
|
|
|
2,450,018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM
INVESTING ACTIVITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of
equipment
|
|
|
(2,000,000)
|
|
|
|
-
|
|
|
|
-
|
|
Cash acquired through
acquisition of Color China
|
|
|
5,272
|
|
|
|
-
|
|
|
|
-
|
|
Proceeds from sales
of discontinued operations
|
|
|
600,000
|
|
|
|
-
|
|
|
|
-
|
|
Net cash used in
investing activities from continuing operations
|
|
|
(1,394,728)
|
|
|
|
-
|
|
|
|
-
|
|
Net cash used in
investing activities from discontinued operations
|
|
|
-
|
|
|
|
(135,705)
|
|
|
|
(138,151)
|
|
Net cash used in
investing activities
|
|
|
(1,394,728)
|
|
|
|
(135,705)
|
|
|
|
(138,151)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM
FINANCING ACTIVITIES:
|
|
|
|
|
|
|
|
|
|
|
|
|
Borrowings from
shareholders
|
|
|
300,000
|
|
|
|
-
|
|
|
|
-
|
|
Proceeds from sale of
ordinary shares, net of offering costs
|
|
|
4,502,901
|
|
|
|
950,000
|
|
|
|
600,000
|
|
Net cash provided by
financing activities from continuing operations
|
|
|
4,802,901
|
|
|
|
950,000
|
|
|
|
600,000
|
|
Net cash used in
financing activities from discontinued operations
|
|
|
(7,294)
|
|
|
|
(427,333)
|
|
|
|
(6,395,823)
|
|
Net cash provided by
(used in) financing activities
|
|
|
4,795,607
|
|
|
|
522,667
|
|
|
|
(5,795,823)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EFFECTS OF EXCHANGE
RATE CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED
CASH
|
|
|
(1,943)
|
|
|
|
(62,025)
|
|
|
|
149,203
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CHANGE IN CASH,
CASH EQUIVALENTS AND
RESTRICTED
CASH
|
|
|
863,801
|
|
|
|
(751,205)
|
|
|
|
(3,334,753)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH, CASH
EQUIVALENTS AND RESTRICTED CASH, beginning of year
|
|
|
347,486
|
|
|
|
1,098,691
|
|
|
|
4,433,444
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CASH AND CASH
EQUIVALENTS, end of year
|
|
$
|
1,211,287
|
|
|
$
|
347,486
|
|
|
$
|
1,098,691
|
|
View original
content:http://www.prnewswire.com/news-releases/color-star-technology-reports-audited-financial-results-for-the-fiscal-year-ended-june-30-2020-301172988.html
SOURCE Color Star Technology Co., Ltd.