Blue Hat Subsidiary Golden Alpha Strategy Secures Precious Metals and Gemstone Trading License

HONG KONG, June 05, 2024 — Blue Hat Interactive Entertainment Technology (BHAT), a NASDAQ-listed company, today announced that its wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd., has obtained a Class A Dealers in Precious Metals and Stones Registration from the Hong Kong Customs and Excise Department. This regulatory scheme was established by the Hong Kong government on April 1, 2023, to combat money laundering and terrorist financing activities. BHAT actively responds to the Hong Kong government’s policy initiative, pledging to conduct and promote the trading of precious metals and stones in compliance with legal and regulatory standards in Hong Kong and around the world.

Mr. Chen Xiaodong, CEO of BHAT, said: “We are honored to be granted this prestigious international license, signifying a major step in our business transformation and global development. This achievement underscores our dedication to our corporate transformation and reflects our commitment to conducting international business with full compliance with local and international laws. Going forward, we will actively expand our business in precious metals, seeking to generate greater returns for our investors.”

Mr. Chen Xiaodong added: “Empowered by this license, we will work closely with Macau Rongxin Precious Metals Company to build an innovative intelligent gold supply chain and recycling system, bringing greater efficiency, convenience, security, and service experience to gold traders.”

BHAT remains committed to technology innovation, optimizing its corporate structure, and exploring new growth opportunities. The company has successfully extended its business scope to include bulk trading in gems and precious metals. In the future, BHAT will leverage artificial intelligence technology to boost its trading of commodities, particularly in the precious metals sector.

About Blue Hat

Blue Hat was previously engaged in providing communication services and IDC business, and producing, developing, and operating AR interactive entertainment games, toys, and educational products in China. By leveraging its years of technology accumulation and proprietary patented technologies, Blue Hat is expanding its business into commodities trading, striving to establish itself as a global leader in intelligent commodities trading. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this press release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in its forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology

Phone: +86 (592) 228-0010

Email: ir@bluehatgroup.net