XIAMEN, China, May 26, 2022 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a Cayman Islands company, has announced that it plans to implement a 1-for-10 reverse stock split on its common stock effective Friday, May 27, 2022, with trading to begin on an adjusted equity split basis. open market that day. . Trading in the common shares will continue on the Nasdaq Capital Market under the symbol “BHAT”. The new CUSIP number for the common stock following the stock consolidation is G1329V 205.

Upon the effectiveness of the Share Consolidation, all 10 issued and outstanding common shares of the Company will be automatically converted into one issued and outstanding common share. No fractional shares will be issued following the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The Share Consolidation affects all shareholders evenly and will not change a shareholder’s percentage interest in the outstanding common shares of the Company, except for adjustments that may result from the treatment of fractional shares. .

The reverse stock split at a ratio of 1 for 10 shares has been approved by the Board of Directors of the Company and its shareholders. The company has filed a second memorandum and amended and restated articles of association with the Cayman Islands Registrar of Companies.

About the Blue Hat
Blue Hat is a leading provider of communication services and IDC as well as a producer, developer and operator of interactive AR entertainment games, toys and educational materials in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s Investor Relations website at http://ir.bluehatgroup.com. The Company regularly provides important information on its website.

Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain because they are based on current expectations and assumptions regarding future events or the future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating these statements, potential investors should carefully consider the various risks and uncertainties identified in this release and the matters set forth in the Company’s filings with the SEC. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net