Color Star Technology Co., Ltd. (NasdaqCM:ADD) entered into a non-binding letter of intent to acquire 60% stake in JingXiang (Australia) Pty. Ltd. on September 12, 2023.Transaction is subject to completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive agreement, satisfaction of the conditions negotiated including the approval of the Company's Board of Directors and the satisfaction of other customary closing conditions.