Core Viewpoint - Blue Hat Interactive Entertainment Technology and Axis Capital Group have signed a strategic cooperation agreement to develop the world's first gold RWA (Real World Assets) tokenization project, marking a significant integration of the gold industry with blockchain technology [1][9]. Industry Overview - RWA tokenization involves digitizing real-world assets like gold through blockchain, allowing for on-chain trading and attracting a diverse group of investors by enhancing liquidity and reducing transaction costs [2][3]. - By the end of 2024, over $13 billion worth of real assets had been tokenized globally, with tokenized gold products, such as Paxos Gold (PAXG), experiencing over 20% market growth in 2024 [3]. Advantages of Gold RWA Tokenization - Enhanced liquidity allows for more efficient global trading of gold assets, enabling investors to buy and sell tokens without relying on traditional financial institutions [7]. - The fractionalization of high-value gold assets lowers investment thresholds, promoting financial inclusivity for small and medium investors [7]. - Blockchain technology ensures transparency and trust, providing real-time data on tokenized assets and their returns [7]. - Smart contracts facilitate automated distribution of returns, improving asset management efficiency and reducing operational costs [7]. Collaboration Details - Blue Hat and Axis Capital Group will utilize blockchain technology to ensure that each token is backed by real, fully reserved gold assets [8]. - Axis Capital will leverage its financial market resources to optimize liquidity solutions for gold tokens, attracting more investors [8]. - Both companies will adhere to regulatory requirements to ensure the project's legality and security, providing a reliable investment environment [8]. Future Outlook - The collaboration aims to set an industry benchmark for the digital transformation of gold assets, with expectations that RWA tokenization will reshape the future of the gold industry [9].

Core Viewpoint - Blue Hat Interactive Entertainment Technology plans to implement a 1-for-100 reverse stock split effective March 17, 2025, to adjust its share structure and potentially enhance its market position [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 100 shares of the Company's ordinary shares into one share, increasing the par value from $0.01 to $1 per share [2] - The total number of ordinary shares before the split is 493,820,989, and trading will continue under the symbol "BHAT" on the Nasdaq Capital Market [1][2] - No fractional shares will be issued; any resulting fractions will be rounded up to the next whole number [2] Group 2: Company Background - Blue Hat was previously focused on communication services and the development of AR interactive entertainment games, toys, and educational materials in China [4] - The Company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [4]

Core Insights - Blue Hat Interactive Entertainment Technology has completed the purchase of one ton of gold from Rongxin Precious Metal Technology Co., Ltd, finalizing the transaction through the issuance of ordinary shares [1] - The gold purchase was executed at a price of RMB 473.70 per gram (approximately US$1,900 per ounce), and with the gold delivery price exceeding US$2,780 per ounce at the beginning of 2025, the company's book assets have appreciated by nearly US$25 million [2] Strategic Positioning - The company has shifted its focus towards gold and supply chain businesses, validating its strategic moves over the past two years [2] - Blue Hat plans to increase gold reserves through strategic alliances with international partners, optimize supply chain operations via intelligent platform development, and promote technological innovation through blockchain-based trading platforms [3][4] Future Objectives - In 2025, the company aims to enhance its gold reserves, improve supply chain efficiency, and accelerate the digitization of gold trading [3][4] - The company remains committed to innovation and sustainable development, leveraging its growth and management capabilities to deliver long-term value to shareholders [5] Company Background - Blue Hat was previously involved in communication services and AR interactive entertainment but is now transitioning to become a leading intelligent commodity trader [6] - The company announced a strategic shift to an AI-driven financial services enterprise in March 2024, focusing on gold trading and commodity-related businesses [6] - Blue Hat has made significant strides in regulatory compliance, achieving Category A Dealer status in Precious Metals and Stones in June 2024, which supports its long-term development in the gold and commodities sector [6]

Core Viewpoint - Blue Hat Interactive Entertainment Technology is facing potential delisting from Nasdaq due to non-compliance with listing rules, specifically the Low Priced Stocks Rule, after its stock price closed at $0.10 or less for ten consecutive trading days [1][2]. Group 1: Delisting Notification - On January 24, 2025, Blue Hat received a notification from Nasdaq regarding non-compliance with the Low Priced Stocks Rule [1]. - The company had previously been notified on September 6, 2024, for closing below $1.00 per share for 30 consecutive business days, which provided a compliance period until March 5, 2025 [2]. - The recent delisting determination has ended the previous compliance period prematurely due to the stock price issue [2]. Group 2: Appeal Process - The company intends to request a hearing to appeal the delisting determination, which will temporarily stay the suspension of its securities [3]. - If the appeal is not requested by January 31, 2025, trading of the company's shares will be suspended on February 4, 2025, and a Form 25-NSE will be filed to remove the securities from Nasdaq [4]. Group 3: Compliance Options - Blue Hat is exploring various options to regain compliance, including the possibility of a reverse stock split pending shareholder approval [5]. Group 4: Company Background - Blue Hat was previously engaged in communication services and the development of AR interactive entertainment games and educational materials in China [6]. - The company is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [6].

Group 1 - Blue Hat Interactive Entertainment Technology has entered into securities purchase agreements with institutional investors to sell 77,989,800 Ordinary Shares at an offering price of $0.055 per share [1][2] - The gross proceeds from this registered direct offering are estimated to be approximately $4.3 million before deducting fees and expenses [2] - The offering is expected to close on or about January 14, 2025, subject to customary closing conditions [2] Group 2 - The Ordinary Shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3] - A prospectus supplement relating to the Ordinary Shares will be filed with the SEC [4] - Blue Hat was previously a provider of communication services and is now primarily engaged in commodity trading in China [5]

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,950,000 Ordinary Shares at a price of $0.07 per share, aiming to raise approximately $3.9 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 10, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the development of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology has announced a registered direct offering of 55,200,000 Ordinary Shares at a price of $0.08 per share, aiming to raise approximately $4.4 million before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on or about January 7, 2025, pending customary closing conditions [2]. - Maxim Group LLC is acting as the sole placement agent for this offering [2]. - The shares are being offered under a shelf registration statement declared effective by the SEC on January 26, 2024 [3]. Group 2: Company Background - Blue Hat was previously involved in communication services and the production of AR interactive entertainment games, toys, and educational materials, but is now primarily engaged in commodity trading in China [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology announced a significant increase in trading volume, with 1,000 shares traded at approximately $2,204.62, indicating a strong market interest in the company's stock [1]. Financial Performance - The stock price of Blue Hat Interactive was approximately $61.14 on October 10, 2023, and increased to about $80.61 by August 28, 2024, reflecting a notable rise in value [1]. - The trading price of BHAT shares was around $66.49, suggesting a robust performance in the market [1]. Market Activity - The company is experiencing heightened trading activity, which is expected to continue, indicating a positive outlook for future financial performance [1]. - The increase in trading volume is attributed to strong market interest and investor confidence in the company's prospects [1].

Core Viewpoint - Blue Hat Interactive Entertainment Technology has officially launched its gold supply chain business with a significant gold delivery of 1,000 kilograms, marking a strategic move into the precious metals market [1][2][3] Summary by Sections Gold Delivery and Business Launch - The company executed a gold delivery of 1,000 kilograms (approximately 2,204.62 pounds), officially initiating its gold supply chain business [1] - This delivery follows a framework agreement signed in October 2023 with Macau Rongxin Precious Metals Technology Co., Ltd [1] Gold Pricing and Financial Implications - The spot price for gold increased from approximately $61.14 per gram in October 2023 to approximately $80.61 per gram as of August 28, 2024 [2] - The purchase price for the delivered gold was approximately $66.49 per gram, totaling around $66.49 million [2] Strategic Goals and Market Position - The company aims to leverage the gold acquired to provide to refineries, wholesalers, and retailers, generating revenue and establishing a strong presence in the gold business [2] - The CEO emphasized that this delivery represents a crucial advancement in bulk commodity trading and strengthens the company's financial position, anticipating further growth and opportunities [3] - The proceeds from the gold delivery are expected to enhance the company's financial flexibility for further expansion in the precious metals market [3]

Core Viewpoint - Blue Hat Interactive Entertainment Technology is positioning itself as a significant player in the gold trading industry, leveraging recent market trends and strategic partnerships to enhance its operations and offerings [1][3]. Company Overview - Originally an entertainment company, Blue Hat is shifting its focus towards innovations in commodity trading, particularly in gold [2]. - The company plans to integrate artificial intelligence to develop an intelligent gold supply chain and recycling system, as well as a sophisticated gold derivatives trading platform [2]. Market Dynamics - Gold prices have shown volatility and upward trends, recently hitting a high of over $2,483 per ounce, driven by safe-haven demand amid economic uncertainties [1]. - Central banks globally have increased their gold reserves, contributing to rising gold prices and indicating a transition in the gold industry towards high-quality development [4]. Strategic Partnerships - Blue Hat has entered into a business cooperation agreement with Sichuan Jinyinghe Industrial Co., Ltd. and GTC Group LLC, enhancing its capabilities in the gold supply chain [3]. Industry Challenges - The gold industry in China and other developing markets faces challenges such as low levels of scale, narrow financing channels, and poor operational standards, which Blue Hat aims to address through its partnerships [4]. Shenzhen Shuibei Market - The Shenzhen Shuibei market is a central hub for gold trading, processing, and manufacturing, significantly impacting the local and national economy [6]. - The market is known for its innovation in jewelry design and has integrated technology into its operations, enhancing trading efficiency [6]. Future Plans - Blue Hat aims to expand its global reach and strengthen its position in the gold market by increasing gold holdings and refining its digital trading platform [7].