UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2020
Commission File Number: 333-226308
COLOR STAR TECHNOLOGY CO., LTD.
(Translation of registrant’s name into
English)
800 3rd Ave, Suite 2800
New York NY 10022
(212) 220-3967
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Resignation of Wei Fang From His Director
Position
On September 21, 2020, Mr. Wei Fang resigned
from his position as a member of the Board of Directors (the “Board”) and all of his positions from the Board
committees of Color Star Technology Co., Ltd. (the “Company”). Mr. Fang’s resignation did not result from
any disagreement with the Company.
Appointment of Yingxian (Elaine) Xiang as
a Member of the Board
On September 21, 2020, Ms. Yingxian (Elaine)
Xiang was appointed as a new member of the Board, Chairwoman of the Compensation Committee, a member of the Audit Committee and
the Nominating and Governance Committee of the Board to fill in the vacancy created by Mr. Fang’s resignation, effective
immediately.
Ms. Xiang is an accomplished business leader
with over twenty years of experience in E-business development, strategic marketing, product and project management with various
companies, and with a recent focus on offline and online education. She cofounded Skytree Education Association in 2017 and has
been serving as the president since then. From 2012 to 2016, Ms. Fang was the cofounder and CEO of DreamBox Education & Technology
Corp., one of the most recognizable brands in international education in Shenzhen, China. From 2008 to 2010, Ms. Fang was Director
of Strategic Marketing at Official Payments. Ms. Fang’s earlier experience includes her serving as Vice President in E-Business
at CitiGroup from 2004 to 2008 and as a senior consultant at Blue Martini Solutions Inc. from 2001 to 2004. Ms. Fang received her
Bachelor of Economics, International Business Administration with a second major of Chemical Engineering from East China University
of Science and Technology. She also received her MBA (Master of International Business) from University of South Carolina.
Ms. Xiang has no family relationships with
any of the executive officers or directors of the Company. There have been no transactions in the past two years to which the Company
or any of its subsidiaries was or is to be a party, in which Ms. Xiang had, or will have, a direct or indirect material interest.
Ms. Xiang shall receive a monthly compensation
of $3,000 pursuant the Company’s Offer Letter (the “Offer Letter”) dated September 21, 2020. The Offer Letter
is qualified in its entirety by reference to the complete text of the Offer Letter, which is filed hereto as Exhibits 99.1.
Financial Statements and Exhibits.
Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Dated: September 25, 2020
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COLOR STAR TECHNOLOGY CO., LTD.
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By:
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/s/ Biao (Luke) Lu
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Name:
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Biao (Luke) Lu
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Title:
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Chief Executive Officer
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Exhibit 99.1
COLOR STAR TECHNOLOGY CO., LTD.
September 21, 2020
Via Email
Ms. Yingxian (Elaine) Xiang
4114 Lake Vista Cir.
Missouri City TX 77459
Dear Ms. Xiang:
This letter shall confirm
our discussions pursuant to which you have indicated your willingness to serve as a member of the Board of Director of Color Star
Technology Co., Ltd., a Cayman Islands exempted company (the “Company”), and as Chairwoman of the Compensation Committee,
a member of the Audit Committee and the Nominating and Governance Committee, effective the date herein on the terms set forth below
until the next annual shareholders meeting, your earlier resignation or the removal pursuant to the Company’s Amended and
Restated Memorandum and Articles of Association.
Our company compensates
our non-employee directors for all services they perform as a director of our company, including attendance at Board of Directors
meetings and service as members of committees of the Board of Directors to which they are appointed. You will receive a monthly
compensation of $3,000.
You would also be reimbursed
for all of your out-of-pocket expenses in traveling to and attending meetings of the Board of Directors and committees on which
you would serve.
We will indemnify you to
the fullest extent permitted by Cayman Islands law as provided and according to our Amended and Restated Memorandum and Articles
of Association.
You may indicate your agreement
with these terms by signing and dating this letter agreement and returning it to the undersigned. By signing this letter agreement,
you reconfirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing
your duties for the Company.
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Very truly yours,
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Color Star Technology Co., Ltd.
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By:
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/s/ Biao (Luke) Lu
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Name:
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Biao (Luke) Lu
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Title:
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Chief Executive Officer
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I have read and accept and agree to the above terms:
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/s/ Yingxian (Elaine) Xiang
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Signature of Yingxian (Elaine) Xiang
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