Color Star Technology Announces Corporate Name Change, Stock Ticker Symbol Change and 25-for-1 Reverse Share Split

Corporate Name Change: Color Star Technology Co., Ltd. will change its name to Zeta Network Group and its stock ticker symbol to "ZNB" effective August 22, 2025, reflecting a new business strategy focused on cryptocurrency mining.

Reverse Share Split: The company will implement a 25-for-1 reverse share split, reducing the number of outstanding shares significantly, with Class A shares decreasing from approximately 14.6 million to about 585,000.

Shareholder Process: Book entry shareholders will not need to take action during the reverse share split process; updated statements will be provided, while banks and brokers will manage the split for shares held in "street name."

Future Operations: The company is expanding into cryptocurrency mining operations in Kazakhstan and continues to provide online entertainment performances and music education through its subsidiaries.