Fujian Blue Hat Interactive Entertainment Technology Ltd. announced that it has entered into a Securities Purchase Agreement with a non-U.S. person, F&P Capital Management Company Limited, pursuant to which the company agreed to sell to the purchaser, and the purchaser agreed to purchase from the company in a private placement an aggregate of 4,000,000 ordinary shares, par value $0.01 per share of the company, at a purchase price of $0.70 per purchased share for aggregate gross proceeds to the company of $2,800,000 on March 28, 2023. The Offering is pursuant to and in reliance upon the exemption from securities registration afforded by Regulation S of the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder by the U.S. Securities and Exchange Commission.