Sunday, February 25, 2024 1:07:39 AM
Color Star Technology Co., Ltd. (formerly known as Huitao Technology Co., Ltd.) was founded as an unincorporated business on September 1, 2005, under the name TJS Wood Flooring, Inc., and became a C-corporation in the State of Delaware on February 15, 2007. On April 29, 2008, we changed our name to China Advanced Construction Materials Group, Inc.
On August 20, 2018, CACM Group NY, Inc. (“CACM”) was incorporated in the State of New York and is wholly owned by us. The establishment of CACM was to expand the Company’s business in the U.S. CACM has not commenced operations.
On December 27, 2018, we consummated a redomicile merger pursuant to which we merged with and into our wholly-owned subsidiary, China Advanced Construction Materials Group, Inc., a newly formed Cayman Islands company and the surviving entity in the merger, pursuant to the terms and conditions of an Agreement and Plan of Merger adopted in July 2018. As a result of the reorganization, the Company is now governed by the laws of the Cayman Islands.
On July 16, 2019, upon effectiveness of the Company’s amendment and restatement of the Company’s memorandum and articles of association (“Amended and Restated Memorandum and Articles”)_which was approved by the Company’s shareholders, the Company’s name was changed from China Advanced Construction Materials Group, Inc. to Huitao Technology Co., Ltd.
On December 31, 2019, we entered into a share exchange agreement with Sunway Kids International Education Group Ltd. (“Sunway Kids”) and its shareholders. On February 14, 2020, the Company consummated the acquisition of Sunway Kids whereby we issued 1,989,262 ordinary shares and $2 million of cash to be paid in exchange for all of the issued and outstanding capital stock of Sunway Kids. The $2 million cash consideration is payable in five installments over five years according to an earn-out schedule. Sunway Kids thereby became our wholly-owned subsidiary. Sunway Kids was established on February 29, 2012, under the laws of the British Virgin Islands as an offshore holding company. On August 23, 2018, Sunway Kids established its wholly-owned subsidiary, Brave Millenium Limited (“Brave Millenium”) under the laws of Hong Kong. On December 4, 2019, Brave Millenium established Chengdu Hengshanghui Intelligent Technology Co., Ltd. (“Chengdu Hengshanghui”) in China as a wholly foreign owned limited liability company (the “WFOE”). On December 9, 2019, Chengdu Hengshanghui entered into a series of variable interest entity agreements with Chengdu Hengshanghui Education Consulting Co., Ltd. (“Hengshanghui Education”). Through Sunway Kids and its variable interest entity Hengshanghui Education, we were engaged in providing education and health services to day-care and preschools in China.
On March 10, 2020, CACM entered into a certain joint venture agreement (the “JV Agreement”) with Baydolphin, Inc., a company organized under the laws of New York (“Baydolphin”). Pursuant to the JV Agreement, CACM and Baydolphin established a limited liability company under the laws of New York, Baytao LLC (“Baytao”), which was intended to be the 100% owner of one or more operating entities in the U.S. to engage in the business of online and offline after-school education.
Recent ADD News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/26/2024 09:05:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/29/2023 09:15:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/19/2023 09:05:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/21/2023 09:05:42 PM
- Color Star Technology Received Nasdaq Notification Letter Regarding Bid Price Deficiency • GlobeNewswire Inc. • 11/16/2023 09:05:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 02:06:10 PM
- Form NT 20-F - Notification of inability to timely file Form 20-F • Edgar (US Regulatory) • 10/31/2023 08:05:24 PM
- Color Star Technology Launches an AI Virtual Band • PR Newswire (US) • 10/18/2023 12:30:00 PM
- Color Star Enters into Letter of Intent to Acquire Yi Ti Technology to Expand into the Sports Technology Segment • PR Newswire (US) • 10/09/2023 12:30:00 PM
- Billkin & PP Krit's Philippines Fan Meeting Draws Curtains to an Ecstatic Audience • PR Newswire (US) • 09/20/2023 12:30:00 PM
- Color Star Announces Entry into Non-Binding LOI for the Acquisition of JingXiang (Australia) • PR Newswire (US) • 09/12/2023 12:30:00 PM
- Countdown Begins for BK & PP's Unmissable Philippines Fan Meeting on September 10 • PR Newswire (US) • 09/05/2023 12:30:00 PM
- Color World Cup - WBA Boxing Tour Met With Sensational Reception and Online Viewership Numbers • PR Newswire (US) • 09/01/2023 12:30:00 PM
- The Color World Cup - WBA World Tour in Dubai Successfully Draws To A Close • PR Newswire (US) • 08/29/2023 12:30:00 PM
- Media Attention Turns To Fast-Approaching Color World Cup - WBA World Tour Press Conference In Dubai • PR Newswire (US) • 08/23/2023 12:30:00 PM
- Internationally Renowned Software Platform "Come Come Delivery Services" Enters into Strategic Cooperation Agreement with Color Star's Metaverse • PR Newswire (US) • 08/15/2023 12:30:00 PM
- Tickets Now on Sale for Color World Cup - WBA World Tour featuring former WBA World Title Champions in Dubai on August 26 • PR Newswire (US) • 08/10/2023 12:30:00 PM
- Color Star Technology Co-organizes Billkin & PP Krit Fan Meet on September 10 in Manila, Philippines • PR Newswire (US) • 08/03/2023 12:30:00 PM
- Color Star Plans to Increase Business Revenue Through Attracting More Corporate Sponsorships • PR Newswire (US) • 07/24/2023 12:30:00 PM
- Color Star Technology and Three Angles Production Announce Strategic Partnership to Increase Cooperation in the Southeast Asian Live Events Industry • PR Newswire (US) • 07/13/2023 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/12/2023 09:26:16 PM
- Color World Cup - World Boxing Association Tour Officially Begins in Dubai on August 26 • PR Newswire (US) • 07/10/2023 12:30:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 07/05/2023 04:15:20 AM
- Color Star Plans to Set Up Global Events Production Network to Cater to Each Individual Local Market • PR Newswire (US) • 06/28/2023 12:30:00 PM
- Color Star Technology Ramps Up Global Cooperation Efforts To Strengthen Live Performance Business • PR Newswire (US) • 06/23/2023 12:30:00 PM
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