Blue Hat and New Partner Plan Gold Supply Chain Business

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].