Color Star Technology (CSCW) Added to Russell Microcap® Index

Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as "Color Star" or the "Company") announces that it will be added to the Russell Microcap® Index at the close of trading today, June 25th, 2021.

Basil Wilson, the CEO of Color Star, commented: "We are very pleased that Color Star is being added to the Russell Microcap® Index. Our inclusion in the index is testament to the Company's growth potential. This is an important milestone that we believe will increase the overall reputation and visibility of Color Star within the global investment community while broadening the Company's institutional shareholder base and increasing its liquidity."

Indexes benchmarked by the FTSE Russell, the world's leading index provider, are extensively used by investment managers and institutional investors for index funds; it serves as a tool to assess active investment strategies. Approximately $9 trillion of assets are benchmarked against the Russell U.S. Indexes.

Membership of the well-known Russell Indexes® comes with numerous benefits, including the automatic insertion into the appropriate growth and value style indexes. This inclusion remains in place for one year. FTSE Russell traditionally determines the membership of its Russell Indexes® by objective, market-capitalization rankings and considers style attributes.

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