<SEC-DOCUMENT>0001731122-20-000860.txt : 20200814
<SEC-HEADER>0001731122-20-000860.hdr.sgml : 20200814
<ACCEPTANCE-DATETIME>20200814161209
ACCESSION NUMBER:		0001731122-20-000860
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20200814
FILED AS OF DATE:		20200814
DATE AS OF CHANGE:		20200814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Blue Hat Interactive Entertainment Technology
		CENTRAL INDEX KEY:			0001759136
		STANDARD INDUSTRIAL CLASSIFICATION:	GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39001
		FILM NUMBER:		201105191

	BUSINESS ADDRESS:	
		STREET 1:		7TH FLOOR, BUILDING C, NO. 1010,
		STREET 2:		ANLING ROAD
		CITY:			HULI DISTRICT, XIAMEN
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		865922280081

	MAIL ADDRESS:	
		STREET 1:		7TH FLOOR, BUILDING C, NO. 1010,
		STREET 2:		ANLING ROAD
		CITY:			HULI DISTRICT, XIAMEN
		STATE:			F4
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>e2084_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>For the month of August 2020</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Commission File Number 001-39001</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Blue Hat Interactive Entertainment
Technology</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant&rsquo;s name into
English)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 51%; padding-right: 3pt; padding-left: 3pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; padding-right: 3pt; padding-left: 3pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>7th Floor, Building C, No. 1010 Anling Road</B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><B>Huli District, Xiamen, China 361009</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">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 <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT>
Form 40-F <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">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): <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">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):<FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT><BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Blue Hat Interactive Entertainment Technology
furnishes under the cover of Form 6-K the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>Exhibit No.</U></B></FONT></TD>
    <TD STYLE="width: 88%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B><U>Description of Exhibit</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="e2084_99-1.htm"><FONT STYLE="font-size: 10pt">99.1</FONT></A></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><A HREF="e2084_99-1.htm"><FONT STYLE="font-size: 10pt">Proxy Statement for the Extraordinary General Meeting (Proxy Form Annexed)</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Date: August 14, 2020</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>BLUE HAT INTERACTIVE </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>ENTERTAINMENT TECHNOLOGY</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 46%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Xiaodong Chen</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name: Xiaodong Chen </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: Chief Executive Officer </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e2084_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">Exhibit 99.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">7th Floor, Building C, No. 1010 Anling
Road,</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">Huli District, Xiamen, China 361009</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOTICE OF EXTRAORDINARY GENERAL MEETING
OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">To be held on August 31, 2020 (Local Time)<BR>
(or any adjournment or postponement thereof)</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">To the Shareholders of<BR>
Blue Hat Interactive Entertainment Technology</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Notice is hereby given
that the Extraordinary General Meeting of the Shareholders of Blue Hat Interactive Entertainment Technology (the &ldquo;Company&rdquo;)
will be held on August 31, 2020 at 9:00 a.m. local time (i.e., 9:00 p.m. August 30, 2020, E.T.) at 7th Floor, Building C, No. 1010
Anling Road, Huli District, Xiamen, China 361009, and at any adjourned or postponement thereof. The Extraordinary General Meeting
is called for the following purposes:</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; font: 12pt/107% Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; font: 12pt/107% Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt; line-height: 107%">1.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; font: 12pt/107% Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt; line-height: 107%">To consider and vote upon a proposal to increase the authorized share capital of the Company from US$50,000 divided into 50,000,000 ordinary shares of a par value of US$0.001 each to US$100,000 divided into 100,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 50,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">2.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">To consider and take action upon such other matters as may properly come before the Extraordinary General Meeting or any adjournment or postponement thereof.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">A proxy statement
providing information, and a form of proxy to vote, with respect to the foregoing matters accompany this notice. The Board of Directors
of the Company fixed the close of business on August 11, 2020 as the record date (the &ldquo;Record Date&rdquo;) for determining
the shareholders entitled to receive notice of and to vote at the Extraordinary General Meeting or any adjourned or postponement
thereof. The register of members of the Company will not be closed. A list of the shareholders entitled to vote at the Extraordinary
General Meeting may be examined at the Company&rsquo;s offices during the 10-day period preceding the Extraordinary General Meeting.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Holders of the Company&rsquo;s
ordinary shares as of the Record Date are cordially invited to attend the Extraordinary General Meeting in person. Your vote is
important. Whether or not you expect to attend the Extraordinary General Meeting in person, you are urged to complete, sign, date
and return the accompanying proxy form as promptly as possible. We must receive the proxy form no later than noon on the day of
the Extraordinary General Meeting to ensure your representation at such meeting. Shareholders who execute proxies retain the right
to revoke them at any time prior to the voting thereof, and may nevertheless vote in person at the Extraordinary General Meeting.
You may obtain directions to the meeting by calling our offices at + 86-592-228-0081. Shareholders may obtain a copy of these materials,
free of charge, by contacting the Corporate Secretary at 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China
361009.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">By Order of the Board of Directors,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Xiaodong Chen</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Xiaodong Chen</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Chairman of the Board<BR>
Xiamen, August 14, 2020</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 3in; text-indent: 0.25in"></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>IMPORTANT</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Whether or not you expect to attend
the Extraordinary General Meeting in person, you are urged to complete, sign, date and return the accompanying proxy form to ensure
your representation at such meeting.</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>If your shares are held in street name,
your broker, bank, custodian or other nominee holder cannot vote your shares, unless you direct the nominee holder how to vote,
by marking your proxy card.</B></P>

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<TR>
    <TD STYLE="width: 100%; padding-bottom: 8pt; text-align: center; line-height: 107%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-bottom: 8pt; text-align: center; line-height: 107%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 92%; padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Page</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #B4C6E7">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Proxy
    Statement</FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Questions
    and Answers about the Extraordinary General Meeting</FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #B4C6E7">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Proposal:
    Increase in Authorized Shares </FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Security
    Ownership of Certain Beneficial Owners and Management</FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #B4C6E7">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Other
    Matters</FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding: 6pt 5.4pt 8pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 107%">Proxy
    Form</FONT></TD>
    <TD STYLE="padding: 6pt 5.4pt 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;<BR STYLE="clear: both">
</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">7th Floor, Building C, No. 1010 Anling
Road</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">Huli District, Xiamen, China 361009</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY STATEMENT</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>for</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">To be held on August 31, 2020<BR>
(or any adjournment or postponement thereof)</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY SOLICITATION</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Proxy Statement
is furnished in connection with the solicitation of proxies by the Board of Directors (the &ldquo;Board&rdquo; or the &ldquo;Board
of Directors&rdquo;) of Blue Hat Interactive Entertainment Technology (the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo;
or &ldquo;our&rdquo;) for the Extraordinary General Meeting of Shareholders to be held at 7th Floor, Building C, No. 1010 Anling
Road, Huli District, Xiamen, China 361009 on August 31, 2020, at 9:00 a.m. local time (i.e., 9:00 p.m. August 30, 2020, E.T.) and
for any adjournment or postponement thereof, for the purposes set forth in the accompanying Notice of Extraordinary General Meeting
of Shareholders. Any shareholder giving such a proxy has the power to revoke it at any time before it is voted. Written notice
of such revocation should be forwarded directly to the Secretary of the Company, at the above stated address. Proxies may be solicited
through the mails or direct communication with certain shareholders or their representatives by Company officers, directors, or
employees, who will receive no additional compensation therefor. You may obtain directions to the meeting by calling our offices
at + 86-592-228-0081.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If the enclosed proxy
is properly executed and returned, the shares represented thereby will be voted in accordance with the directions thereon and otherwise
in accordance with the judgment of the persons designated as proxies. Any proxy on which no direction is specified will be voted
in favor of the actions described in this Proxy Statement.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company will bear
the entire cost of preparing, assembling, printing and mailing this Proxy Statement, the accompanying proxy form, and any additional
material that may be furnished to shareholders. The date on which this Proxy Statement and the accompanying Form of Proxy will
first be mailed or given to the Company&rsquo;s shareholders is on or about August 17, 2020.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We have elected to
provide access to our proxy materials both by sending you this full set of proxy materials, including the notice of our Extraordinary
General Meeting, this proxy statement and a proxy card to Shareholders.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>Your vote is important</B>.
Whether or not you expect to attend the Extraordinary General Meeting in person, you are urged to complete, sign, date and return
the accompanying proxy form as promptly as possible to ensure your representation at such meeting. Shareholders who execute proxies
retain the right to revoke them at any time prior to the voting thereof, and may nevertheless vote in person at the Extraordinary
General Meeting. If you hold your shares in street name and wish to vote your shares at the Extraordinary General Meeting, you
should contact your broker, bank, custodian or other nominee holder about getting a proxy appointing you to vote your shares.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>QUESTIONS AND ANSWERS ABOUT THE EXTRAORDINARY
GENERAL MEETING</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following is information
regarding the proxy material, Extraordinary General Meeting and voting is presented in a question and answer format.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>What is the purpose of this document?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD>
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">This document serves as the Company&rsquo;s
        proxy statement, which is being provided to Company shareholders of record at the close of business on August 11, 2020 (the &ldquo;Record
        Date&rdquo;) because the Company&rsquo;s Board of Directors is soliciting their proxies to vote at the Extraordinary General Meeting
        of Shareholders (&ldquo;Extraordinary General Meeting&rdquo;) on the item of business outlined in the Notice of Extraordinary General
        Meeting of Shareholders (the &ldquo;Meeting Notice&rdquo;).</P>
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Why am I receiving these materials?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">We have sent you this proxy statement
        and the enclosed proxy card because the Board of Directors of the Company is soliciting your proxy to vote at the Extraordinary
        General Meeting, including at any adjournments or postponements of the meeting.&nbsp; You are invited to attend the Extraordinary
        General Meeting to vote on the proposal described in this proxy statement.&nbsp; However, you do not need to attend the meeting
        to vote your shares. Instead, you may simply complete, sign and return the enclosed proxy card.<BR>
        <BR>
        When you sign the enclosed proxy card, you appoint the proxy holder as your representative at the meeting. The proxy holder will
        vote your shares as you have instructed in the proxy card, thereby ensuring that your shares will be voted whether or not you attend
        the meeting. Even if you plan to attend the meeting, you should complete, sign and return your proxy card in advance of the meeting
        just in case your plans change.<BR>
        <BR>
        If you have signed and returned the proxy card and an issue comes up for a vote at the meeting that is not identified on the card,
        the proxy holder will vote your shares, pursuant to your proxy, in accordance with his or her judgment.</P>
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><BR>
        The Company intends to mail this proxy statement and accompanying proxy card on or about August 17, 2020 to all shareholders entitled
        to vote at the Extraordinary General Meeting.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Who may vote and how many votes my I cast?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Only shareholders on the Record Date, August 11, 2020, will be entitled to vote at the Extraordinary General Meeting. On the Record Date, there were 35,141,114 ordinary shares outstanding and entitled to vote. Each ordinary share is entitled to one vote on each matter. There are no other classes of share capital outstanding. </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>What am I voting on?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">You are being asked to vote to on the following matters:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">To consider and vote upon a proposal to increase the number of ordinary shares that the Company is authorized to issue from 50,000,000 to 100,000,000;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">To consider and take action upon such other matters as may properly come before the meeting or any adjournment or adjournments thereof.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If an item properly comes up
for vote at the Extraordinary General Meeting, or at any adjournment or postponement thereof, that is not described in the Meeting
Notice, your Proxy will vote the shares as recommended by the Board of Directors pursuant to the discretionary authority granted
in the proxy. At the time this proxy statement was printed, we were not aware of any matters to be voted on which are not described
in this proxy statement.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>How do I vote?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">You may vote &ldquo;For&rdquo; or &ldquo;Against&rdquo; the proposal to increase the number of ordinary shares that the Company is authorized to issue from 50,000,000 to 100,000,000, or &ldquo;Abstain&rdquo; from voting on such proposal. The procedures for voting are outlined below:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><U>Shareholder of Record: Shares Registered in Your Name</U></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If you are a shareholder of
record, you may vote in person at the Extraordinary General Meeting or vote by proxy using the enclosed proxy card.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">To vote in person, come to the Extraordinary General Meeting and we will give you a ballot when you arrive; or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">To vote using the proxy card, simply complete, sign and date the enclosed proxy card and return it promptly in the envelope provided. If you return your signed proxy card to us by 11:59 p.m. EDT on the day of the Extraordinary General Meeting, we will vote your shares as you direct.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><U>Beneficial Owner: Shares Registered in the Name of a Broker,
Bank, Custodian or Other Nominee Holder</U></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If you received this proxy statement
from your broker, bank, custodian or other nominee holder, your broker, bank, custodian or other nominee holder should have given
you instructions for directing how that person or entity should vote your shares. It will then be your broker, bank, custodian
or other nominee holder&rsquo;s responsibility to vote your shares for you in the manner you direct. Please complete, execute and
return the proxy card in the envelope provided by your broker, bank, custodian or other nominee holder promptly.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Under the rules of various national
and regional securities exchanges, brokers generally may vote on routine matters, such as the ratification of the engagement of
an independent public accounting firm, but may not vote on non-routine matters unless they have received voting instructions from
the person for whom they are holding shares. The amendment to effect the increase in share capital is a non-routine matters and,
consequently, your broker, bank, custodian or other nominee holder will not have discretionary authority to vote your shares on
this matter. If your broker, bank, custodian or other nominee holder does not receive instructions from you on how to vote on this
matter, your broker, bank, custodian or other nominee holder will return the proxy card to us, indicating that he or she does not
have the authority to vote on this matter. This is generally referred to as a &ldquo;broker non-vote&rdquo; and may affect the
outcome of the voting.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">We therefore encourage you to
provide directions to your broker, bank, custodian or other nominee holder as to how you want your shares voted on all matters
to be brought before the Extraordinary General Meeting. You should do this by carefully following the instructions your broker,
bank, custodian or other nominee holder gives you concerning its procedures. This ensures that your shares will be voted at the
Extraordinary General Meeting.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">You are also invited to attend
the Extraordinary General Meeting. However, since you are not the shareholder of record, you may not vote your shares in person
at the meeting unless you request and obtain a valid proxy from your broker, bank, custodian or other nominee holder.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>How does the Board recommend I vote?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Our Board of Directors recommends that you vote:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>FOR</B> approval of the proposal to increase the number of ordinary shares that the Company is authorized to issue from 50,000,000 to 100,000,000.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>What if I change my mind after I vote via proxy?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">If you hold your shares in your own name, you may revoke your proxy at any time before your shares are voted by:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">mailing a later dated proxy prior to the Extraordinary General Meeting;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">delivering a written request in person to return the executed proxy;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">voting in person at the Extraordinary General Meeting; or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">providing written notice of revocation to the Corporate Secretary of the Company at: 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">If you hold your shares in the name of your broker,
bank, or other fiduciary, you will need to contact that person or entity to revoke your proxy.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>What does it mean if I receive more than one proxy card or voting instruction form?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">It means that you have multiple accounts at our transfer agent or with brokers, banks, or other fiduciaries. Please complete and return all proxy cards and voting instruction forms to ensure that all of your shares are voted.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>How many shares must be present to hold a valid meeting?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">For us to hold a valid Extraordinary General Meeting, we must have a quorum, which means that not less than one-third of our outstanding ordinary shares that are entitled to cast a vote are present in person or by proxy at the Extraordinary General Meeting. Proxies received but marked as abstentions and Broker Non-Votes will be treated as shares that are present and entitled to vote for purposes of determining a quorum. Your shares will be counted as present at the Extraordinary General Meeting if you:</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">properly submit a proxy card (even if you do not provide voting instructions); or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-family: Symbol; font-size: 10pt; line-height: 107%">&#183;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">attend the Meeting and vote in person.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On August 11, 2020, the record
date, there were 35,141,114 ordinary shares outstanding. Therefore, at least 11,713,705 shares need to be present in person or
by proxy at the Extraordinary General Meeting in order to hold the meeting and conduct business.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>How many votes are required to approve an item of business?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">The proposal to&nbsp;&nbsp;increase the number of ordinary shares that the Company is authorized to issue from 50,000,000 to 100,000,000 will be approved if passed by a simple majority of the votes cast by the shareholders at the Extraordinary General Meeting.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Only shares that are voted are
taken into account in determining the proportion of votes cast for the proposal. Any shares not voted (whether by abstention, broker
non-vote or otherwise) will not impact any of the votes.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Except for determining the presence
or absence of a quorum for the transaction of business, broker non-votes are not counted for any purpose in determining whether
a matter has been approved.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Who pays the cost for soliciting proxies?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">We will pay the cost for the solicitation of proxies by the Board of Directors. Our solicitation of proxies will be made primarily by mail. Proxies may also be solicited personally, by telephone, fax or e-mail by our officers, directors, and regular supervisory and executive employees, none of whom will receive any additional compensation for their services. We will also reimburse brokers, banks, custodians, other nominees and fiduciaries for forwarding these materials to beneficial holders to obtain the authorization for the execution of proxies.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0px; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 48px; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Q.</I></B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B><I>Where can I find additional information about the Company?</I></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">A.</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Our reports on Forms 20-F and 6-K, and other publicly available information, should be consulted for other important information about the Company. You can also find additional information about us on our web site at http://www.bluehatgroup.com/. The principal executive office of the Company is located at 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009. The mailing address of the principal executive office is 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009. The telephone number for the Company is + 86-592-228-0081.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROPOSAL TO INCREASE AUTHORIZED SHARES</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>General</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Company proposes as
an ordinary resolution:</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">That the authorized
share capital of the Company be increased from US$50,000 divided into 50,000,000 ordinary shares of a par value of US$0.001 each
to US$100,000 divided into 100,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 50,000,000
ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>The Reasons for
the Increase in Authorized Shares</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As previously disclosed
in Company&rsquo;s Current Report on Form 6-K filed with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on July
9, 2020, on July 8, 2020, the Company and two accredited institutional investors entered into a Securities Purchase Agreement (the
&ldquo;SPA&rdquo;) to sell senior secured convertible notes to such investors (the &ldquo;Convertible Notes&rdquo;). Pursuant to
the SPA, the Company has agreed to hold a shareholder meeting to approve resolutions authorizing an increase in the Company&rsquo;s
authorized ordinary shares from 50,000,000 to 100,000,000 (the &ldquo;Authorized Share Increase&rdquo;).</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In the judgment of
the Company&rsquo;s Board of Directors, the Authorized Share Increase is desirable so that, other than the reason described above,
the Company&rsquo;s Board of Directors has the flexibility to issue or reserve for issuance of ordinary shares for other corporate
activities when the Company&rsquo;s Board of Directors determines that it is in the Company&rsquo;s best interests and the best
interests of its shareholders to do so.</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of the record date,
the Company had 35,141,114 ordinary shares outstanding. In addition, the Company had reserved 12,356,061 ordinary shares issuable
upon conversion of the Convertible Notes, and 2,019,606 ordinary shares issuable upon the exercise of the outstanding warrants.
Accordingly, only 483,219 ordinary shares are available for other issuance without the Authorized Share Increase. The Board of
Directors approved, by unanimous written consent dated August 1, 2020, to increase the number of authorized shares of the ordinary
shares from 50,000,000 to 100,000,000, subject to shareholder approval of the proposal.</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/106% Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin-right: 0; margin-left: 0">Except
as described herein, the Company has no other immediate definitive plans, understandings, agreements or commitments to issue additional
shares of ordinary shares for any purpose. The Company believes that the availability of additional authorized but unissued shares
of ordinary shares could be used in various corporate activities. For example, the shares could be utilized in connection with
possible future public offerings of equity, financing and acquisition transactions, management incentives and employee benefit
plans and other corporate purposes. The shares of ordinary shares would be available for issuance without further action of the
shareholders unless such action is required by applicable law or the rules of any securities exchange or market on which the Company
securities may be listed or quoted.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has deemed
it is in the best interest of itself and its shareholders to enter into the SPA and therefore is hereby seeking the shareholders&rsquo;
approval to increase the number of ordinary shares that the Company is authorized to issue from 50,000,000 to 100,000,000.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>THE BOARD OF DIRECTORS
RECOMMENDS A VOTE &ldquo;FOR&rdquo; APPROVAL TO THE INCREASE IN AUTHORIZED SHARES.</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B></B></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;<BR STYLE="clear: both">
</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;The following
table sets forth information with respect to the beneficial ownership of our ordinary shares as of August 11, 2020 for:</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px; padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 24px; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">&#9679;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">each beneficial owner of 5% or more of our outstanding ordinary shares;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">&#9679;</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">each of our directors and executive officers; and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">&#9679;</FONT></TD>
    <TD>
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">all of our directors and executive
        officers as a group.</P>
        <P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Beneficial ownership
is determined in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to persons
who possess sole or shared voting power or investment power with respect to those securities and include ordinary shares issuable
upon the exercise of options that are immediately exercisable or exercisable within 60&nbsp;days of the date hereof. Percentage
ownership calculations are based on 35,141,114 ordinary shares outstanding as of August 11, 2020.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Except as otherwise
indicated, all of the shares reflected in the table are ordinary shares and all persons listed below have sole voting and investment
power with respect to the shares beneficially owned by them, subject to applicable community property laws. The information is
not necessarily indicative of beneficial ownership for any other purpose.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">Except as otherwise
indicated in the table below, addresses of our directors, executive officers and named beneficial owners are in care of Blue Hat
Interactive Entertainment Technology, 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009,&nbsp;<FONT STYLE="background-color: white">and
our telephone number is +86-592-228-0081.&nbsp;</FONT></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1.5pt solid; padding-bottom: 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Name of Beneficial Owner</B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-bottom: 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Number of Shares Beneficially Owned</B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-bottom: 8pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Percentage of Shares Beneficially Owned</B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><I>5% or Greater Shareholders:</I></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 78%; padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Victory Hat Limited(1)</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">13,089,153</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">37.25</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Prosper Hat Limited(2)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">6,373,227</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">18.14</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Shaohong Holding Limited(3)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">2,232,659</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">6.35</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><I>Directors and Executive Officers:</I></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Xiaodong Chen(4)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">14,034,684</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">39.94</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Caifan He(5)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">1,004,950</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">2.86</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Jianyong Cai(6)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Qinyi Fu</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Jun Ouyang</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Huibin Shen</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Can Su</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">-</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 8pt; padding-left: 10pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">All current directors and executive officers as a group (7&nbsp;persons)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">15,039,634</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">42.80</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 1pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 3%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">*</FONT></TD>
    <TD STYLE="width: 97%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Less than 1%&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(1)</FONT></TD>
    <TD STYLE="width: 97%; padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">The registered address of Victory Hat Limited, a British Virgin Islands company, is Vistra (BVI) Limited of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Xiaodong Chen, our chief executive officer and director, is the owner of Victory Hat Limited and holds the voting and dispositive power over the ordinary shares held by Victory Hat Limited.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(2)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">The registered address of Prosper Hat Limited, a British Virgin Islands company, is Vistra (BVI) Limited of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Shaohong Chen is the owner of Prosper Hat Limited and holds the voting and dispositive power over the ordinary shares held by Prosper Hat Limited. Shaohong Chen is a shareholder of Blue Hat Fujian and is the sister of Xiaodong Chen.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(3)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">The registered address of Shaohong Holding Limited, a British Virgin Islands company, is Vistra (BVI) Limited of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Shaohong Chen is the owner of Shaohong Holding Limited and holds the voting and dispositive power over the ordinary shares held by Shaohong Holding Limited. Shaohong Chen is a shareholder of Blue Hat Fujian and is the sister of Xiaodong Chen.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(4)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Includes the&nbsp;13,089,153&nbsp;ordinary shares held by&nbsp;Victory&nbsp;Hat Limited and the 945,531 ordinary shares held by Beautiful Scenery Limited, a British Virgin Islands company, with a registered address at Vistra (BVI) Limited of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. Juanjuan Cai, a director and shareholder of Blue Hat Fujian and the wife of Xiaodong Chen, is the owner of Beautiful Scenery Limited. Juanjuan Cai holds the voting and dispositive power over the ordinary shares held by Beautiful Scenery Limited.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(5)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Represents the 1,004,950 ordinary&nbsp;shares&nbsp;held by Celebrate Hat Limited, a British Virgin Islands company with a registered address at Vistra (BVI) Limited of&nbsp;Vistra&nbsp;Corporate Services Centre,&nbsp;Wickhams&nbsp;Cay II, Road&nbsp;Town,&nbsp;Tortola, VG1110,&nbsp;British&nbsp;Virgin&nbsp;Islands. Caifan He is the owner of Celebrate Hat Limited and holds the voting and dispositive power over the ordinary shares held by Celebrate Hat Limited.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">(6)</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; text-align: justify; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Jianyong Cai is the brother of Juanjuan Cai, the wife of Xiaodong Chen.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>OTHER MATTERS</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Management does not
know of any matters other than those stated in this Proxy Statement that are to be presented for action at the Extraordinary General
Meeting. If any other matters should properly come before the Extraordinary General Meeting, it is intended that proxies in the
accompanying form will be voted on any such other matters in accordance with the judgment of the persons voting such proxies. Discretionary
authority to vote on such matters is conferred by such proxies upon the persons voting them.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We will bear the cost
of preparing, printing, assembling and mailing the proxy, Proxy Statement and other material which may be sent to shareholders
in connection with this solicitation. It is contemplated that brokerage houses will forward the proxy materials to beneficial owners
at our request. In addition to the solicitation of proxies by use of the mails, our officers and regular employees may solicit
proxies without additional compensation, by telephone, facsimile or other electronic communications. We may reimburse brokers or
other persons holding ordinary shares in their names or the names of their nominees for the expenses of forwarding soliciting material
to their principals and obtaining their proxies.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Requests for copies
of Proxy materials should be directed to Corporate Secretary at 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen,
China 361009.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>Communications with the Board of Directors</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Shareholders wishing
to communicate with the Board or any individual director may write to the Board of Directors or the individual director to the
Board of Directors; Blue Hat Interactive Entertainment Technology, 7th Floor, Building C, No. 1010 Anling Road, Huli District,
Xiamen, China 361009. Any such communication must state the number of shares beneficially owned by the shareholder making the communication.
All such communications will be forwarded to the full Board or to any individual director or directors to whom the communication
is directed unless the communication is clearly of a marketing nature or is unduly hostile, threatening, illegal, or similarly
inappropriate, in which case the Company has the authority to discard the communication or take appropriate legal action regarding
the communication.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>Code of Ethics</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We have adopted a
Code of Business Conduct and Ethics applicable to all of our directors and employees, including our principal executive officer,
principal financial officer, principal accounting officer or controller, or persons performing similar functions. The full text
of the Code of Business Conduct and Ethics is posted on our website at www.irbluehatgroup.com. Information contained on, or that
can be accessed through, our website does not constitute a part of this Proxy Statement and is not incorporated by reference herein.
We will provide a copy of the Code of Business Conduct and Ethics without charge upon request by mail or by telephone. If we make
any amendment to the Code of Business Conduct and Ethics or grant any waivers, including any implicit waiver, from a provision
of the Code of Business Conduct and Ethics, we will disclose the nature of such amendment or waiver on our website to the extent
required by the rules and regulations of the SEC.&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 12pt 0"></P>

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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 12pt 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 12pt 0"><B>Transfer Agent and Registrar </B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 12pt 0; text-indent: 0.5in">The transfer agent and registrar for
our ordinary shares is VStock Transfer, LLC. Its address is 18 Lafayette Pl, Woodmere, NY 11598, and its telephone number is (212)
828-8436.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>Where You Can Find More Information</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We file annual report
and other documents with the SEC under the Exchange Act. Our SEC filings made electronically through the SEC&rsquo;s EDGAR system
are available to the public at the SEC&rsquo;s website at http://www.sec.gov. You may also read and copy any document we file with
the SEC at the SEC&rsquo;s public reference room located at 100 F Street, NE, Room 1580, Washington, DC 20549. Please call the
SEC at (800)&nbsp;SEC-0330 for further information on the operation of the public reference room.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">By Order of the Board of Directors,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">/s/ Xiaodong Chen</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 8pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">Chairman of the Board</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0">August 14, 2020</P>


<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">Annex A</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 3.95pt 0 0 380.5pt">VOTE ON INTERNET</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.25pt 0 0 380.5pt">Go to <FONT STYLE="color: blue">www.vstocktransfer.com/proxy</FONT></P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0.5pt 4.05pt 0 380.5pt">Click on Proxy Voter Login, and log-on
using the below control number.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 7.65pt 0 0 36.25pt">* SPECIMEN *</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0.05pt 0 0 36.25pt">1 MAIN STREET</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 36.25pt">ANYWHERE PA 99999-9999</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 4.6pt 0.5pt 0 380.5pt">CONTROL #</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 380.5pt">VOTE BY MAIL</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 6.5pt 0.5pt 0 380.5pt">Mark, sign and date your proxy card and</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 6.5pt 0.5pt 0 380.5pt">return
it in the envelope we have provided.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0.5pt 0 380.5pt">VOTE BY EMAIL</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 6.5pt 0.5pt 0 380.5pt">Mark, sign and date your proxy card and send
it to vote@vstocktransfer.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 29.45pt 0 6.05pt; text-align: center"><B>Please Vote, Sign, Date and
Return Promptly in the Enclosed Envelope, or by Email.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 8.3pt 37.9pt 0 6.05pt; text-align: center">Extraordinary General
Meeting - BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0 163.75pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 14px; width: 18px">DETACH
PROXY CARD HERE TO VOTE BY MAIL<IMG SRC="image_001.jpg" ALT="" STYLE="height: 14px; width: 18px"></P>

<P STYLE="font: 10pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11.5pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.3pt 0 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt/103% Times New Roman, Times, Serif; margin: 0 45.45pt 0 13.25pt">To consider and vote upon a proposal
to increase the authorized share capital of the Company from US$50,000 divided into 50,000,000 ordinary shares of a par value of
US$0.001 each to US$100,000 divided into 100,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional
50,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.85pt 0 0 71.5pt"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 16px; width: 12px">&nbsp;&nbsp;VOTE
FOR&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<IMG SRC="image_002.jpg" ALT="" STYLE="height: 16px; width: 12px"> VOTE AGAINST&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<IMG SRC="image_002.jpg" ALT="" STYLE="height: 16px; width: 12px">&#9;VOTE ABSTAIN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 5.25pt 0 0 7pt">Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Signature&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature,
if held jointly</B></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 5.25pt 0 0 7pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;_______________________
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;______________________ &#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;_____________________________</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0.05pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/1.25pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 331.5pt">&nbsp;</P>

<P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0.05pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt/112% Times New Roman, Times, Serif; margin: 0 98.1pt 0 5.5pt">Note: This proxy must be signed exactly as the
name appears hereon. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney,
trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by a duly
authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by an authorized person.</P>

<P STYLE="font: 9pt/7.7pt Times New Roman, Times, Serif; margin: 6.85pt 0 0 6.25pt">To change the address on your account, please
check</P>

<P STYLE="font: 9pt/13.85pt Times New Roman, Times, Serif; margin: 0 0 0 6.25pt">the box at right and indicate your new address.&#8239;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;<IMG SRC="image_003.jpg" ALT="" STYLE="height: 18px; width: 19px"></P>

<P STYLE="font: 6.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 7.55pt 0 0 8.5pt">* SPECIMEN *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AC:ACCT9999&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;90.00</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 7.55pt 0 0 8.5pt">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>BLUE HAT INTERACTIVE ENTERTAINMENT
TECHNOLOGY</U></P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Extraordinary General Meeting of Shareholders</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">August 31, 2020</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(9:00 a.m. Local Time, Xiamen, China)</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt 9pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U><BR>
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The undersigned shareholder of Blue Hat Interactive
Entertainment Technology (the &ldquo;Company&rdquo;), revoking all prior proxies, hereby appoints Mr. Caifan He, with full power
to act and with power of substitution, as proxy and attorney-in-fact and hereby authorizes him to represent and vote all ordinary
shares of the Company, which the undersigned will be entitled to vote if personally present at the Extraordinary General Meeting
of Shareholders of the Company to be held 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009 on August
31, 2020, at 9:00 a.m. local time (i.e., 9:00 p.m. August 30, 2020, E.T.), and at any adjournment or postponement thereof. Each
ordinary share is entitled to one vote. The proxy are further authorized to vote, in his discretion, upon such other business as
may properly come before the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE
VOTED AS DIRECTED. IF NO DIRECTION IS MADE, THE PROXY SHALL BE VOTED <B><U>FOR</U></B> THE PROPOSAL, AND, IN THE CASE OF OTHER
MATTERS THAT LEGALLY COME BEFORE THE MEETING, AS SAID PROXY(S) MAY DEEM ADVISABLE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Please
check here if you plan to attend the Extraordinary General Meeting of Shareholders on August 31, 2020 at 9:00 a.m. local time </FONT><FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Please provide your email address if you wish to receive proxy materials
via e-delivery for the shareholders meeting of the Company in the future: ________________________.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>PLEASE INDICATE YOUR VOTE ON THE REVERSE
SIDE</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>(Continued and to be signed on Reverse
Side)</B></P>

<P STYLE="margin: 0">&nbsp;</P>


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