Color Star Technology Co., Ltd..
ADD.US | Creative, arts and entertainment activities
Color Star Technology Co., Ltd. is an entertainment technology company that focuses on providing online and offline services. It develops an entertainment and education platform that offers online courses, celebrity interviews, and virtual performances. The company also engages in offline activities...Show More
Better Health for All
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Color Star Technology's principal goods and services, which include an entertainment and education platform, online courses, celebrity interviews, and virtual performances, have no significant positive or negative health impact. The company announced a plan to host a virtual 'Color Cell Bank' on its metaverse platform, allowing users to store digital 'cord blood' and 'stem cells' and access health information and gene reports.
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However, this is an announced plan and its actual, realized health impact as a principal good or service is not yet established or documented. There is no evidence of revenue from products with negative health outcomes, nor any mention of safety incidents, pricing for health products, reach to vulnerable populations, or transparency regarding health risks.
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The company's R&D or capital allocation for health improvement, indirect health effects, health equity programs, healthcare workforce support, preventative health measures, or specific policies regarding healthcare data responsibility are not mentioned.
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Similarly, there is no evidence regarding global health crisis response, mental health initiatives, or health education initiatives.
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The company is not a pharmaceutical, food, or research organization, and its products do not have addiction potential, making several KPIs not applicable.
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Fair Money & Economic Opportunity
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Color Star Technology Co., Ltd. operates as an entertainment technology company, providing online and offline services, an entertainment and education platform, and recently, cryptocurrency mining operations.
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The provided articles detail corporate actions such as shareholder meetings,
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a convertible note offering,
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Nasdaq listing compliance issues,
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and strategic partnerships for its entertainment and crypto mining businesses.
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None of the articles contain specific, concrete data points or information related to the company's involvement in consumer lending, financial services, or any initiatives directly impacting financial inclusion, pricing fairness, or wealth building for underserved populations. Therefore, there is no evidence to score any of the KPIs under the 'Fair Money & Economic Opportunity' value.
Fair Pay & Worker Respect
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No specific, concrete data points are available to assess the company against the 'Fair Pay & Worker Respect' KPIs. While employee reviews from March 2023 mention salary delays of up to two months and issues with visa processing, these are not presented as substantiated labor-law violations in the provided articles.
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The CEO's salary was $15,000 in 2021 and $0 in 2020, but median employee compensation data is not available to calculate a pay ratio.
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The company aims to increase its workforce by 25% by 2024, from 800 to 1000 employees, but this is a forward-looking statement and not evidence of current performance on the KPIs.
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Fair Trade & Ethical Sourcing
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No specific, concrete data points relevant to Fair Trade & Ethical Sourcing KPIs were found in the provided articles.
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The articles primarily discuss the company's financial performance, leadership changes, and regulatory filings, without detailing any aspects of its supply chain, sourcing practices, or supplier relationships. Therefore, all KPIs are omitted due to lack of evidence.
Honest & Fair Business
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On May 31, 2025, the company disavowed an unauthorized filing with the SEC concerning a CEO change.
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On January 23, 2025, Color Star Technology dismissed Audit Alliance LLP and appointed AssentSure PAC as its auditor for the fiscal year ending June 30, 2025.
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The company also regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding its minimum bid price, meeting the $1.00 per share requirement for 10 consecutive business days from September 12, 2024, to September 25, 2024, which closed the bid price deficiency matter.
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Kind to Animals
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Color Star Technology Co., Ltd. operates as an entertainment technology company, providing online and offline services such as an entertainment and education platform, virtual performances, concerts, and events. Its core business model does not involve activities that would necessitate animal testing, the use of animal-derived ingredients, animal husbandry, or direct interaction with wildlife habitats.
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Consequently, all KPIs related to animal welfare, testing, sourcing, and conservation are not applicable to the company's operations, and no evidence to the contrary was found in the provided articles.
No War, No Weapons
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The provided articles do not contain any specific, factual evidence regarding Color Star Technology Co., Ltd.'s involvement with arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, divestment policies, board oversight of defense activities, export controls, lobbying, humanitarian procurement, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment, dual-use screening, surveillance transparency, ethical red lines, exposure to controversial weapons, war-risk audits, annual conflict partner reviews, defense divestment, conflict minerals, peace tech investment, or procurement from conflict zones. The company's business is described as entertainment and metaverse technology.
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Therefore, no KPIs can be scored based on the available information.
Planet-Friendly Business
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No information regarding Color Star Technology Co., Ltd.'s environmental performance, sustainability initiatives, or any metrics related to planet-friendly business practices was found in the provided articles. The articles focus solely on financial data, stock analysis, and company appointments.
Respect for Cultures & Communities
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No evidence available to assess Color Star Technology Co., Ltd. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company invested $1 million in cybersecurity in 2022.
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Based on its 2021 revenue of $6,783,957,
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this represents approximately 14.74% of revenue. The company discusses various Chinese regulations related to online services, including data security and privacy, such as the PRC Data Security Law (2021) and the PRC Cybersecurity Review Measures (2020, with a 2021 draft amendment).
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However, management acknowledges material weaknesses and significant deficiencies in internal control over financial reporting.
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Additionally, an unauthorized filing with the SEC regarding CEO position changes occurred on May 31, 2025.
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Zero Waste & Sustainable Products
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The provided articles, which include company descriptions and financial reports, do not contain any specific, concrete data points or information related to waste management, product sustainability, packaging, recycling, or circular economy initiatives for Color Star Technology Co., Ltd.
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Therefore, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the evidence provided.