BEIJING, June 24, 2020 /PRNewswire/ — Color Megastar Technology Co., Ltd. (Nasdaq CM: HHT) (the “Firm”, “we” or “HHT”), an organization engaged within the enterprise of offering education services, this day introduced that its wholly owned subsidiary, Color China Entertainment Restricted (“Color China”) has signed a strategic settlement with Mixx Each day life Inc., USA in a collaboration to blueprint up the Firm’s first offline finding out role and reside tune venue in Modern York, which serves Color Megastar’s system to set a internet-based and offline education network with reside tune applications.
Color China is aiming to give both online and offline education services. The settlement with Mixx enables both events to collaborate in building a predominant-tier reside tune venue positioned at a hundred thirty five West forty first Road, Modern York Metropolis, Modern York, United States, which is able to moreover support as an offline practicing tainted. Particularly, Color China will likely be offering all predominant performance equipment to make stronger the collaborated effort.
Due to ongoing epidemic, online education has become the dominant contrivance of finding out. We now were focusing on the final attempting out of our Color World platform which is predicted to give an distinctive online education and entertainment expertise. In anticipation of reopening in many states and countries, we moreover began to function preparations upfront for our offline services within the submit-epidemic era. In collaboration with Mixx Vogue, we quiz to blueprint up our first offline education role and reside tune venue in Modern York Metropolis since it is miles a hub for many celebrities, artists and entertainment professionals. We thought to invite many notorious artists and celebrities to educate lessons reside at our Modern York finding out role submit-epidemic, in addition to to file their lessons for our online education platform. Meanwhile, we thought to give students the opportunities to return into the finding out role to in finding pleasure from face to face interactions with notorious artist lecturers.
In preparation for our strategic submit-epidemic thought, we thought to delivery loads of offline finding out sites gradually, at the side of locations in Europe, Southeast Asia and China, ranging from the 2nd half of 2020. We now were in contact with many native firms in dialogue of constructing respective native finding out sites, with 151 West forty onest Road in Modern York being the first one.
In the intervening time the Modern York role is below corpulent building and is deliberate to be opened around the cease of 2020 assuming Modern York Metropolis stays heading within the appropriate path with its reopening agenda. If the epidemic is below corpulent regulate by the cease of the one year, this role will likely be used as a finding out role for in-person lessons all the draw in which in the course of the day and a reside tune venue for both artists and students all the draw in which in the course of the evening.
“We hope that within the shut to future, Color Megastar will become a pioneer in offering large title-taught education services that would be accessible both online and offline, offering students with personalized shriek and apt finding out experiences,” Sean Liu, CEO of Color Megastar Technology commented, “our collaboration with Mixx Each day life marks a distinguished step in executing our offline expansion thought.”
About Color Megastar Technology Co., Ltd.
Color Megastar Technology, is a keeping company whose predominant enterprise is offering both online and offline modern education services. Its enterprise operations are performed through its wholly-owned subsidiaries Color China Entertainment Ltd., CACM Neighborhood NY, Inc., Sunway Children Worldwide Education Neighborhood Ltd. (“Sunway Children”), Dauntless Millennium Restricted, Chengdu Hengshanghui Intellectual Technology Co., Ltd. and its variable hobby entity, Chengdu Hengshanghui Education Consulting Co., Ltd. Sunway Children engages within the early childhood education carrier enterprise, offering a effectively-structured system to day cares and preschools in China, at the side of AI and robotic technologies, intellectual campus administration machine as a carrier (SaaS) system and personalized education planning. The Firm moreover anticipates offering an after-college tutoring program in Modern York via its three draw partnership entity Baytao LLC, and offering online tune education via a platform branded “Color World.”
About Mixx Each day life Inc., USA
Mixx Each day life operates three charter social gathering boats docked on the East River and Thirty fourth Road, two within the neighborhood owned craft beer and connoisseur meals stores called Milk & Hops positioned within the Upper East Facet and Chelsea, and two Astoria Bier & Cheese stores in Astoria, data superhighway hosting thousands of events in Modern York Metropolis every one year. Mixx Each day life has signed a rent for 10,000 square toes at Tribeca Pals’ a hundred thirty five W. forty first St. Mixx Each day life’s novel venue – Membership Nebula will stand within the lend a hand of a pair of arched, church-esteem wood entrance doors. Or no longer it is scheduled to delivery in September 2020.
Forward-Having a behold Statements
Sure statements made herein are “forward-having a behold statements” within the which contrivance of the “right harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Forward-having a behold statements will likely be identified via words honest like “no longer sleep for”, “bear”, “quiz”, “estimate”, “thought”, “outlook”, and “mission” and other identical expressions that predict or present future events or dispositions or which would be no longer statements of historical matters. Such forward-having a behold statements embody the enterprise plans, targets, expectations and intentions of the events following the completion of the acquisition, and HHT’s estimated and future results of operations, enterprise solutions, aggressive blueprint, industry environment and potential growth opportunities. These forward-having a behold statements bellow the most popular diagnosis of present data and are self-discipline to diversified risks and uncertainties. This ability that, caution must be exercised in counting on forward-having a behold statements. Because of known and unknown risks, our accurate results might maybe per chance maybe vary materially from our expectations or projections. All forward-having a behold statements attributable to the Firm or contributors acting on its behalf are expressly mighty in their entirety by these components. Alternative than as required below the securities rules, the Firm does now not bellow an obligation to substitute these forward-having a behold statements.
The next components, amongst others, might maybe per chance maybe cause accurate results to vary materially from those described in these forward-having a behold statements: there might maybe be uncertainty regarding the unfold of the COVID-19 virus and the impact it will occupy on HHT’s operations, the set aside a query to for the HHT’s merchandise and services, world provide chains and economic command in frequent. These and other risks and uncertainties are detailed within the opposite public filings with the Securities and Alternate Commission (the “SEC”) by HHT.
Extra data touching on these and other components which will impact our expectations and projections will likely be stumbled on in our periodic filings with the SEC, at the side of our Annual File on Invent 20-F for the fiscal one year ended June 30, 2019. HHT’s SEC filings are readily accessible publicly on the SEC’s internet role at www.sec.gov. HHT disclaims any obligation to substitute the forward-having a behold statements, whether due to novel data, future events or otherwise.
Color Megastar Technology Co., Ltd.
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