HONG KONG, March 18, 2025 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT) has finalized the payment for its Hong Kong-based subsidiary, Golden Alpha Strategy Limited, in its gold transaction with Macau Rongxin Precious Metals Technology Co., Ltd.

As per the agreement, the ordinary shares are subject to a three-year lock-up period and have no voting rights. This arrangement demonstrates the trust and confidence that Macau Rongxin Precious Metals Technology Co., Ltd. has in Blue Hat’s management. By contractually ceding voting rights to Blue Hat’s management, Rongxin signals its approval of the company’s strategic direction and prioritizes long-term gains over short-term operational interference. This mutual trust sets the stage for enhanced future cooperation between the two entities.

Throughout March 2025, international gold prices maintained strong upward momentum. The COMEX gold futures main contract and London spot gold both surpassed $3,000 per ounce on March 14th, reaching record highs. This surge in gold prices was fueled by several factors: increased geopolitical risks driving demand for safe-haven assets, growing expectations of a Federal Reserve rate cut weakening the U.S. dollar, and continued increases in gold reserves by central banks, including China. Furthermore, persistently high U.S. core PCE inflation and falling U.S. Treasury yields reinforced gold’s role as an inflation hedge and safe haven, attracting global capital inflows into the gold market.

This transaction stems from a cooperation agreement signed on August 28, 2024, where Golden Alpha Strategy Limited acquired one ton of gold at 473.78 yuan per gram (approximately $1,990 per ounce), for a total of 474 million CNY. As international gold prices have risen, Blue Hat’s book profit has exceeded 25 million, demonstrating its capabilities and market insight in the precious metals sector.

Blue Hat CEO Chen Xiaodong commented, “The successful completion of this transaction and the favorable market performance reaffirm our team’s sound investment judgment and strong market acumen. We anticipate that this one-ton gold transaction will not only elevate the company’s position in the precious metals industry but also establish a robust foundation for our planned future business expansion.” He added, “From a financial standpoint, the significant increase in book profits will substantially improve the company’s financial statements, providing ample financial resources for our anticipated further development in the gold industry chain. Additionally, we expect the appreciation potential of gold assets to benefit the company’s long-term returns.”

About Blue Hat

Blue Hat, formerly a provider of communication services and a producer, developer, and operator of AR interactive entertainment games, toys, and educational materials in China, is now expanding into commodity trading, leveraging its technological expertise and patented technology. The company aims to become a leading intelligent commodity trader globally. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements

This release contains forward-looking statements as defined in 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 and are based on current expectations and assumptions regarding future events or the Company’s future performance. Readers should not place undue reliance on these forward-looking statements, which are predictions and speak only as of the date of this release. When evaluating these statements, prospective investors should carefully review the risks and uncertainties outlined in this release and in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ significantly from those projected in the forward-looking statements.

Contacts:

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

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