Company Overview - Color Star Technology Co Ltd is an entertainment and education company providing online entertainment performances and online music education services [5] - The company operates through its wholly-owned subsidiaries Color Metaverse Pte Ltd and CACM Group NY Inc [5] - Its online education services are delivered through the Color World music and entertainment education platform [5] Leadership Appointment - His Highness Shaikh Humaid Abdulla Rashed Ahmed Almualla, a prominent member of the UAE royal family, has joined Color Star as an independent director [1] - This appointment strengthens the company's ties with the Middle East, particularly the UAE [1] - His Highness Shaikh Humaid is a distinguished figure in UAE politics and a core member of the ruling family of the Umm Al-Quwain Emirate [7] Strategic Implications - The appointment is expected to unlock new investment opportunities and project support for Color Star [8] - It will accelerate the company's planned investment and innovation in AI entertainment and related technologies [8] - His Highness Shaikh Humaid's extensive network will energize Color Star's globalization strategy [8] Background Information - The Al Mualla family is one of the oldest royal lineages in the Middle East, historically governing the Umm Al-Quwain Emirate [4] - In June 2023, His Highness Shaikh Humaid spearheaded the launch of the UAE Royal HH Investment Fund, which received support from royal families and government officials in Saudi Arabia, Oman, Kuwait, and Qatar [4]
A Member of the UAE Royal Family Joins the Color Star Family