Blue Hat(BHAT) GlobeNewswire News Room·2024-06-05 12:30Company 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]