Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced preliminary revenue contributed by its subsidiary, Fuzhou Csfctech Co. Ltd. (“Csfctech”), of RMB23.0 million (approximately US$3.53 million) year-to-date, which has grown steadily since the acquisition closed. “We are pleased to see the excellent performance of Csfctech’s core products since the acquisition in late 2020, with solid growth in customer base and revenue that has been supported by increased demand in the overall gaming sector,” said Xiaodong Chen, CEO of Blue Hat. “Csfctech’s portfolio includes more than 100 games on a number of available platforms. We believe that Csfctech’s plans to continuously upgrade existing games and introduce new games to the marketplace will position us to engage a wider player audience. We will continue to put resources into promoting these games to attract more domestic and overseas customers. We believe doing so will help drive future growth of our mobile games business and subsequently the profitability of the company.”
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About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile-game features. The company’s entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s investor relations website at https://IR.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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