Color star received nasdaq notification letter regarding bid price deficiency

New york , dec. 28, 2022 /prnewswire/ -- color star technology co., ltd. (nasdaq:  add ) ("color star" or the "company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that on december 22, 2022, the company received a notification letter from the nasdaq listing qualifications staff of the nasdaq stock market llc ("nasdaq") notifying the company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the minimum bid price requirements set forth in nasdaq listing rule 5550(a)(2).
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