Core Viewpoint - Blue Hat Interactive Entertainment Technology and Sichuan Jinyinghe Industrial Co., Ltd. have signed a framework cooperation agreement to establish a leading gold supply chain company, aiming to integrate industrial resources and international financial capital to address challenges in the gold industry and promote innovation [1][2]. Industry Summary - The gold industry is experiencing a transition from rapid growth to high-quality development, with central banks increasing gold reserves, leading to rising gold prices [2]. - Challenges in the gold industry include low levels of scale and concentration, limited financing channels, poor operational standards, and a lack of credit data, which hinder healthy development [2]. Company Summary - The new company will utilize market-oriented operational methods to expand gold sourcing channels and provide services such as gold leasing and consignment sales, with expectations to capture over 10% of the Shenzhen Shuibei market share and achieve sales exceeding RMB 200 billion within three years [3]. - Blue Hat's management emphasizes the importance of this collaboration in enhancing operational strength and market influence, while also introducing international resources to open gold circulation channels in regions like Southeast Asia and the Middle East [4]. - Blue Hat is transitioning from a provider of communication services and AR interactive entertainment to becoming a leading intelligent commodity trader, leveraging its technological expertise and patented technology [5].

Core Viewpoint - Blue Hat Interactive Entertainment Technology (BHAT) has received a significant international license for precious metals trading, marking a pivotal step in its business transformation and international expansion [1][2]. Group 1: Regulatory Developments - BHAT's subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department [1]. - This regulatory system, effective from April 1, 2023, aims to combat money laundering and terrorist financing activities [1]. Group 2: Business Strategy and Expansion - The CEO of BHAT emphasized the importance of this license for the company's transformation and commitment to compliance with local and international laws [2]. - BHAT plans to collaborate with Macau Rongxin Precious Metals Company to develop an innovative intelligent gold supply chain and recycling system [2]. - The company is focusing on expanding its business in precious metals and optimizing its corporate structure to seek new growth points [2]. Group 3: Company Background - BHAT was previously involved in communication services and AR interactive entertainment but is now transitioning to become a leading intelligent commodity trader [3]. - The company aims to leverage its technological expertise and patented technology to enhance its commodity trading operations [3].

Company Overview - Blue Hat Interactive Entertainment Technology (BHAT) is a NASDAQ-listed company that has expanded its business scope from communication services, IDC business, and AR interactive entertainment games to include bulk trading of gems and precious metals [3] - The company aims to become a leading intelligent commodity trader worldwide by leveraging its technological accumulation and unique patented technology [3] Regulatory and Business Development - BHAT's wholly-owned Hong Kong subsidiary, Golden Alpha Strategy Ltd, has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department [1] - This registration is part of a regulatory system implemented by the Hong Kong government on April 1, 2023, to combat money laundering and terrorist financing activities [1] - The company is committed to conducting and facilitating commodity trading of precious metals and stones under legal and compliant conditions in Hong Kong and internationally [1] Strategic Initiatives and Future Plans - BHAT plans to actively expand its business in precious metals, aiming to bring more returns to investors [2] - The company will collaborate with Macau Rongxin Precious Metals Company to advance an innovative intelligent gold supply chain and recycling system [2] - BHAT emphasizes innovation and aims to leverage artificial intelligence technology to facilitate commodity trading, particularly in the precious metals sector [2] Leadership and Vision - Mr Chen Xiaodong, CEO of BHAT, highlighted the significance of the international license as a crucial step in the company's business transformation and international development [2] - The company is dedicated to conducting international business while fully complying with local and international laws [2]

BEIJING, China, May 29, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ:BHAT), a company expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide today announced that its CEO has accepted an exclusive interview from China Finance Net. As technology continues to advance especially in artificial intelligence, and globalization deepens, the financial sector is undergoing significant changes. New p ...

BEIJING, China, May 29, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a company expanding its business to commodity trading, aiming to become a leading intelligent commodity trader worldwide today announced that its CEO has accepted an exclusive interview from China Finance Net. As technology continues to advance especially in artificial intelligence, and globalization deepens, the financial sector is undergoing significant changes. New ...

Core Insights - Blue Hat Interactive Entertainment Technology has entered into a Letter of Intent to acquire 60% of GTC Multi Trading DMCC, a financial technology company based in the UAE, marking a significant milestone in the global fintech sector, particularly in AI-assisted trading of precious metals and financial derivatives [1][2] Company Overview - Blue Hat was previously focused on communication services and AR interactive entertainment but is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [3] Strategic Shift - The acquisition signifies a pivotal shift in Blue Hat's strategy towards the fintech sector, integrating AI technology with financial services, and is seen as the first phase of collaboration following a framework cooperation agreement with GTC Group LLC [2] Partnership Outlook - The partnership is expected to leverage AI technology for breakthroughs in financial transactions, customer service, and product innovation, fostering growth potential within the fintech industry [2]

Core Insights - Blue Hat Interactive Entertainment Technology has entered into a Letter of Intent to acquire 60% of GTC Multi Trading DMCC, a financial technology company in the UAE, marking a significant milestone in the global fintech sector, particularly in AI-assisted trading of precious metals and financial derivatives [1][2] Group 1: Company Strategy and Vision - The acquisition signifies a pivotal shift in Blue Hat's strategy towards the fintech sector and aims to integrate AI technology innovation with financial services [2] - The partnership with GTCM is expected to empower Blue Hat to leverage AI technology for breakthroughs in financial transactions, customer service, and product innovation [2] Group 2: Business Background - Blue Hat was previously focused on communication services and AR interactive entertainment but is now expanding into commodity trading, aiming to become a leading intelligent commodity trader globally [3]

XIAMEN, China, April 30, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ:BHAT), primarily a company of commodity trading in China, today announced its audited financial results for the fiscal year ended December 31, 2023 ("Fiscal Year 2023"), reflecting a remarkable surge in the revenue. Fiscal Year 2023 Financial Highlights Blue Hat achieved a revenue of $73.68 million in 2023, increasing 33 times than the previous year. This extraordinary achiev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

HONG KONG, March 19, 2024 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) announced its shift into AI financial services. Dr. Deanna Liu, Executive Director of Golden Strategy Ltd, a wholly-owned subsidiary of BHAT, stated that this strategy is a proactive response to the growth in Artificial Intelligence technology and the evolving market dynamics. BHAT's strategic shift is not merely a pursuit of new technology but is based on an understanding of the trends in AI technolo ...