Color Star to Change Name to Zeta Network Group, Ticker to ZNB.

Color Star Technology is changing its name to Zeta Network Group and its ticker symbol to "ZNB." The company will also undergo a 25-for-1 reverse share split of its Class A and B ordinary shares. The name change reflects the company's new business strategy in cryptocurrency mining and future development plans. The Corporate Events are set to be effective on August 22, 2025.

Color Star Technology Co., Ltd., an entertainment technology company, has announced a series of significant corporate changes. Effective August 22, 2025, the company will change its name to Zeta Network Group, alter its stock ticker symbol to "ZNB," and implement a 25-for-1 reverse share split of its Class A and B ordinary shares [2].

The corporate name change and ticker symbol change reflect the company's new business strategy, which is focused on cryptocurrency mining and the application of technology and artificial intelligence in the entertainment industry. The reverse share split aims to reduce the number of outstanding shares, making the stock more affordable and potentially increasing its liquidity.

The reverse share split will reduce the number of Class A ordinary shares from approximately 14.6 million to around 585,000, and the number of Class B ordinary shares from 12,000 to 480. The authorized capital will remain at USD$32 million, with 11.2 billion Class A ordinary shares and 1.6 billion Class B ordinary shares [2].

Shareholders will not need to take any action to participate in the reverse share split, as it will be processed on a book entry basis. After the split, shareholders holding ordinary shares in "street name" will also receive updated statements reflecting their holdings.

The company's Class A ordinary shares will begin trading on a split-adjusted basis on August 22, 2025, and will cease trading under the current ticker symbol "ADD," starting to trade under the new ticker symbol "ZNB" on the Nasdaq Capital Market.

This announcement comes amidst a period of significant changes in the entertainment and technology sectors, with a growing focus on cryptocurrency mining and the integration of artificial intelligence. The corporate changes reflect Color Star Technology's strategic shift to capitalize on these emerging trends.

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3134023/0/en/ZETA-ALERT-Bragar-Eagel-Squire-P-C-is-Investigating-Zeta-Global-Holdings-Corp-on-Behalf-of-Long-Term-Stockholders-and-Encourages-Investors-to-Contact-the-Firm.html
[2] https://www.morningstar.com/news/pr-newswire/20250820cn55289/color-star-technology-announces-corporate-name-change-stock-ticker-symbol-change-and-25-for-1-reverse-share-split