Color Star Technology signs an agreement with Color World

Color Star Technology Co.,Ltd. (Nasdaq: CSCW) (“Color Star” or the “Company”), a global network entertainment technology company focused on the application of technology and artificial intelligence in the entertainment industry, recently announced that Color Metaverse Pte. ltd (“Color Metaverse”), a subsidiary of Color Star, held a signing ceremony in Dubai to officially sign a strategic cooperation agreement with A-NEX Korea (“A-NEX”), a Korean company. Both sides will focus on further cooperation around the DONO Phone and the ColorWorld Metaverse (“Color World”). On the day of the signing ceremony, Farhan Qadir, CEO of Color Star, and Awad Mohammed bin Sheikh Mujren of the Dubai Royal Family, along with a number of political and business celebrities, attended the event to witness the signing of the agreement between the two parties .
It is understood that after the ceremony, the two sides will formally discuss and develop cyber security technologies, Metaverse projects, and a Metaverse mobile communications strategy. A-NEX, a very strong technology company, will also join the Color World platform, becoming the first technology company to do so. Color Star will create a metaverse headquarters for this and will also include A-NEX projects in the future. In addition, A-NEX Color Star will also provide cyber security technology to strengthen the Metaverse software application together with Color Star’s technical team.
Farhan Qadir, CEO of Color Star, said: “I am very pleased that Color Metaverse has signed a strategic cooperation agreement with A-NEX. Especially in the field of network technology, both sides have their own strengths that complement each other. This is a sign of a very beneficial cooperation. We’ve worked with A-NEX before and it’s been very tacit and harmonious. After this agreement, we will play to our respective advantages and work closely together to further develop our Metaverse application as well as to optimize and further develop the DONO Phone.”