BHAT Enters Gold Purchasing Agreement

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Blue Hat Interactive Entertainment Technology's subsidiary signs agreement to purchase 1000 kilograms of gold

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• Blue Hat Interactive Entertainment Technology's subsidiary has signed a framework agreement with Macau Rongxin Precious Metals Technology to purchase 1000 kilograms of gold. This move represents a major step forward in the jewelry and bulk commodity gold business for the company. Gold is seen as an excellent financial tool to hedge against inflation, geopolitical turmoil, and macroeconomic uncertainty, which can reduce yield risk and help steady revenue growth. BHAT's current commodity trade business will now include gold.

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• None.

XIAMEN, China, Oct. 26, 2023 /PRNewswire/ -- October 26th, 2023, a wholly owned subsidiary of Blue Hat Interactive Entertainment Technology Ltd. (Nasdaq: BHAT), a Nasdaq listed company, signed a framework agreement with Macau Rongxin Precious Metals Technology Ltd., to purchase 1000 kilograms of gold.

Mr. Weicheng Pan, Chief Operating Officer (COO) at BHAT said "This represents a major step forward in the jewelry (gems, semi-precious stones, precious stones, jade etc.) and bulk commodity gold business for the company." He went on to emphasize that gold is an excellent financial tool to hedge against inflation, geopolitical turmoil, and macroeconomic uncertainty, as gold reduces the yield risk. Gold also helps steady revenue growth. "Going forward, gold will become a vital aspect of BHAT's current commodity trade business."

CONTACT: Deanna Liu, deannaliu@bluehatgroup.net

View original content:https://www.prnewswire.com/news-releases/bhat-enters-gold-purchasing-agreement-301968805.html

SOURCE Blue Hat Interactive Entertainment Technology​

What agreement did Blue Hat Interactive Entertainment Technology's subsidiary sign?

Blue Hat Interactive Entertainment Technology's subsidiary signed a framework agreement with Macau Rongxin Precious Metals Technology to purchase 1000 kilograms of gold.

Why is gold considered an excellent financial tool?

Gold is considered an excellent financial tool because it can hedge against inflation, geopolitical turmoil, and macroeconomic uncertainty. It also helps reduce yield risk and contributes to steady revenue growth.

What will be included in BHAT's current commodity trade business?

BHAT's current commodity trade business will now include gold.