Urban Tea, Inc. will change its name to 'BIT BRO LTD Limited'.

On June 15, 2021, in hunan, China, Urban Tea, Inc. ('Urban Tea' or 'the Company') (NASDAQ stock code: MYT) is pleased to announce that starting from June 16, 2021, the Company will change its name to 'BIT BRO LTD Limited' ('Name Change'), and its stock code will change from 'MYT' to 'BTB' ('Symbol Change').

CEO Mr. Wu commented, 'Bit Brother firmly believes that blockchain technology has an extremely broad future, bringing irreplaceable new experiences to participants. As people further understand blockchain and cryptocurrency, more and more people worldwide will learn about and use it, bringing rare development opportunities to the business. It is still the very early stage of this industry, and Bit Brother will seize this historical opportunity, steadfastly follow the established development plan, allocate more manpower, resources, and funds, innovate more blockchain-related software, hardware, and service systems, and develop the company into a professional global influentia...

About Urban Tea, Inc.

Urban Tea, Inc. (previously known as Delta Technology Holdings Ltd, formerly CIS Acquisition Ltd.) was registered as a limited company in the British Virgin Islands on November 28, 2011. Since November 2018, it has been producing specialty tea products in China, and in April 2019, it completed the divestiture of our fine and specialty chemical manufacturing business. Our business currently includes distribution and retail of specialty tea products. The Company recently decided to start operating in the blockchain technology and cryptocurrency mining business and is expected to leverage our newly formed subsidiary, Hunan Bit Brother Holdings Limited, for research and development of blockchain-based software and applications, commercialization of such applications, and cryptocurrency mining. For more information, visit: http://ir.h-n-myt.com/investor.

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