Arena Investors Group's Beneficial Ownership in Color Star Technology Co., Ltd.

Arena Investors Group, including Arena Investors, LP and several related entities, has filed a Schedule 13G to report their beneficial ownership of Class A Ordinary Shares in Color Star Technology Co., Ltd. The filing indicates that the group collectively owns 6.1% of the company's shares, with individual entities holding varying percentages. The shares are primarily held through warrants exercisable within 60 days as of August 14, 2025. The filing is made under Rule 13d-1(c) and includes a Joint Filing Agreement signed by Tsering Lama, an authorized signatory for all reporting entities. The filing certifies that the shares were not acquired for the purpose of influencing the control of the issuer.