Color Star Technology Co., Ltd. announced that Mr. Long Yi, an independent director, chairman of the audit committee of the board of directors of the Company (the ‘Board'), member of the corporate governance & nominating committee and compensation committee of the Board, notified the Company of his resignation as a director for personal reasons, effective January 4, 2023. Mr. Yi's resignation from the Board was not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. Effective on January 4, 2023, the board of directors of the Company appointed Mr. Honglei Jiang as an independent director of the Board, chairman of the audit committee of the Board, member of the corporate governance & nominating committee and compensation committee of the Board to fill the vacancies created by Mr. Yi's resignation.

Mr. Honglei Jiang, has served as the chairman of the board of Beijing Huaihao Education Consulting Co., Ltd. since 2020. From 2017 to 2020, Mr. Jiang served as chief executive officer of Deyi Financial Leasing Co., Ltd. From February 2015 to December 2016, Mr. Jiang served as executive vice president of Kunsheng Financial Leasing Co., Ltd. Mr. Jiang earned his master's degree in investment economics from Dongbei University of Finance & Economics in 2008, and obtained his bachelor's degree in economics from Changchun University of Science and Technology in 2005.