Blue Hat Interactive Entertainment Technology announced that its Board of Directors has officially authorized a stock repurchase program, allowing the company to repurchase up to $1 million worth of issued ordinary shares.

This plan aims to optimize the company's capital structure and enhance shareholder value by repurchasing and canceling a portion of the outstanding shares. The repurchase will be conducted on the open market or through privately negotiated transactions, depending on market conditions, share price, and other relevant factors. The company's management stated that this repurchase plan reflects the Board of Directors' confidence in the company's future prospects and their assessment that the current share price is undervalued. The funds for the repurchase will come from the company's available operating capital.