XIAMEN, China, Dec. 10, 2025 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT) has announced the official launch of its Malaysian subsidiary, GOLDEN ALPHA STRATEGY SDN. BHD., located in Penang. This move signifies the Company’s comprehensive foray into the Southeast Asian gold market, with Malaysia as its central focus. In the context of ongoing global gold market vibrancy, Malaysia shows considerable potential for expansion. Between the third quarter of 2024 and the third quarter of 2025, the demand for gold bars and coins in Malaysia surged by more than 38%, placing its market among the world’s top five. World Gold Council data further supports this upward trend, revealing that Malaysia’s gold investment demand hit 2.5 tonnes in Q1 2025, a 34% year-on-year rise [1]. These figures demonstrate the Malaysian market’s notable strength and capacity for growth, even amidst high gold prices.
The attractiveness of the Malaysian market is derived from both strong demand and a well-established industrial base with positive outlooks. As a major global hub for gold processing and manufacturing, Malaysia has a fully integrated supply chain from production to retail. Penang is the heart of the nation’s gold manufacturing industry, accounting for roughly 80% of its gold jewelry output. According to industry projections, the retail market for gold jewelry in Malaysia is anticipated to keep growing at a compound annual growth rate (CAGR) of 6.3%, estimated to increase from RM 18.3 billion in 2025 to RM 23.4 billion by 2029 [2]. At the same time, the growth of digital investment avenues, including bank gold savings accounts and gold ETFs, is drawing in a younger demographic of investors, creating a “dual-engine” for market expansion alongside conventional physical retail.
From a policy perspective, Malaysia provides a very supportive environment for the gold market. There are no import or export duties on gold bars and jewelry. Items that qualify under the “Investment Precious Metals (IPM)” standard are entirely free from tax, and gold jewelry is also exempt from the Sales and Service Tax (SST) [3]. These regulations greatly lower transaction expenses and reduce industry barriers, strengthening Malaysia’s position as a competitive global hub for gold trade and investment.
In line with Blue Hat’s strategic goal to “firmly increase the scale of gold trade,” the Southeast Asian market, with Malaysia at its center, represents a key phase in the Company’s international growth. By utilizing Penang’s developed industrial ecosystem and regional significance, the company plans to further strengthen its gold trade operations in Malaysia, incorporate local high-quality channel and supply chain assets, and establish a reliable and effective operational framework.
Chen Xiaodong, CEO of Blue Hat, commented, “Since Blue Hat officially began its gold trade operations, the company has executed cumulative transactions totaling 200,000 grams. We are confident that the successful integration of channel resources for gold trading will enhance the company’s business competitive advantage. Based on this, Blue Hat is dedicated to generating sustained value for shareholders and investors through the holding and trading of gold.”
Reference
[1] World Gold Council. Global Gold Demand Trends Report, First Quarter 2025.
[2] “Malaysia’s Gold Industry Continues to Heat Up, Digital Investment and Physical Retail Advance Together,” Financial Times, https://businesstimescn.com/articles/621961.html
[3] “Gold not subject to SST due to investment, cultural, economic reasons, says Treasury sec-gen.”
About Blue Hat
Through its subsidiaries, Blue Hat runs an extensive gold trading operation. Its fundamental business model is based on physical gold trading, gold derivatives trading, and the creation of advanced, AI-powered trading platforms. The company’s activities focus on gold trading and associated services, with strategic efforts in gold supply chain services, smart trading platforms, gold derivatives, and the tokenization of gold as Real World Assets (RWA). Additional information is available on the Company’s investor relations website at http://ir.bluehatgroup.com. The Company regularly posts important updates on its website.
Forward-Looking Statements
This news release includes forward-looking statements as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements involve inherent uncertainty because they rely on current expectations and assumptions about future events or the Company’s future performance. Readers are advised against placing excessive reliance on these forward-looking statements, which are merely predictions and are relevant only as of the date of this release. When assessing these statements, potential investors should carefully consider the various risks and uncertainties detailed in this release and those described in the Company’s SEC filings. These risks and uncertainties could lead to the Company’s actual results differing significantly from those projected in its forward-looking statements.
Contacts:
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
