Business Context and Reporting Period
This Form 6-K filing covers the month of May 2020 for Color Star Technology Co., Ltd., a Cayman Islands company formerly known as Huitao Technology Co., Ltd. The registrant files annual reports under Form 20-F.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and administrative changes rather than financial performance.
Material Changes
- Corporate Name Change: On May 4, 2020, the company officially changed its name from Huitao Technology Co., Ltd. to Color Star Technology Co., Ltd., receiving the Certificate of Incorporation on Change of Name and Amended and Restated Memorandum and Articles of Association.
- CUSIP Update: As a result of the name change, the company's CUSIP number will be updated to G2287A100.
- Executive Compensation: On May 5, 2020, the company entered into an Amended and Restated Employment Agreement with CEO Yang (Sean) Liu to clarify and amend his annual compensation.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on operations, specific risks, contingencies, or unusual items. The document serves solely to disclose the name change and the CEO employment agreement amendment.
Key Facts for Investor Verification
- Verify the new CUSIP number (G2287A100) for trading and record-keeping purposes.
- Confirm the effective date of the name change (May 4, 2020) and the updated corporate charter documents.
- Review the attached Amended and Restated Employment Agreement (Exhibit 99.3) to understand the specific changes to the CEO's compensation structure.