 Huitao Technology Co., Ltd. Nasdaq: HHT the Company, we or HHT, a company which is in the process of disposing its legacy ready-mix concrete materials business and transitioning into an innovative education service provider, today announced that it has held its annual meeting of shareholders on April 27, 2020, wherein its shareholders have approved the proposal to dispose of its legacy ready mix concrete business. Pursuant to the Share Purchase Agreement and related transactions dated March 31, 2020 by and among the Company, Xin Ao Construction Materials, Inc. Xin Ao, the Companys wholly owned subsidiary, and Mr. Xianfu Han and Mr. Weili He the Purchasers, the Company will sell 100 of the outstanding capital stock of Xin Ao to the Purchasers in exchange for cash payment of 600,000. 