Datasea Enters into an Approximately $20.5 Million Sales

BEIJING, Oct. 27, 2022 (GLOBE NEWSWIRE) — Datasea Inc., (NASDAQ: DTSS) (“Datasea” or the “Company”), integrated in Nevada on September 2014, is a digital expertise company engaged in three converging and revolutionary business segments: 5G messaging, acoustic intelligence, and sensible metropolis expertise in China. Today, the Company introduced that Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. (“Shuhai Jingwei”), a subsidiary of the Chinese working firm contractually managed by the Company, has entered into a gross sales settlement with Shanghai Chengming Shengyuan Biotechnology Co., Ltd. (“Chengming Shengyuan”) to supply Hailijia air purifiers. The settlement units forth the phrases for the acquisition of a minimum of 100,000 items of Hailijia air purifiers with the acquisition worth of a minimum of RMB 150 million (roughly USD 20.5 million) from November 2022 to November 2023. Chengming Shengyuan will promote and distribute Hailijia air purifiers primarily by means of e-commerce platform.

Datasea’s air air purifier options revolutionary acoustic intelligence powered disinfection that has confirmed to have the ability to scale back micro organism and viruses with out human contact, peculiar odor, or environmental harm. Under the model Hailijia, Datasea has developed 5 fashions together with in-vehicle sterilization and deodorization machine, restroom sterilization and deodorization machine, air disinfection machine, and air disinfection and sterilization machine to reply to a variety of market wants. Air purifiers have gained larger urgency due to the worldwide coronavirus pandemic and the necessity for sterilization has seemingly develop into a everlasting lifestyle for a lot of and can seemingly proceed into widespread.

Commenting on in the present day’s announcement, Zhixin Liu, CEO of Datasea acknowledged, “The sales agreement represents a successful outcome of Datasea’s strategy to unlock the full, long-term commercial value of our technologically advanced air purifiers. Datasea’s acoustic intelligence has been integrated into various business lines that are well-positioned for continued success as they pursue their individual strategic priorities. Starting with Hailijia air purifiers, acoustic intelligence powered products will provide the Company revenue generating opportunities, promotes and extends the Company’s brand deeper into the market.”  

About Datasea Inc.

Datasea Inc., by means of its variable curiosity entity, Shuhai Information Technology Co., Ltd., a digital expertise firm in China, engages in three converging and revolutionary industries: sensible metropolis, acoustic intelligence and 5G messaging. Datasea leverages facial recognition expertise and different visible intelligence algorithms, mixed with cutting-edge acoustic and non-visual intelligence algorithms, to supply sensible metropolis options that meet the safety wants of residential communities, colleges and industrial enterprises. Most not too long ago, in response to the rising utilization of 5G applied sciences and the general initiative to make the most of Datasea’s expertise capabilities to broaden business protection and income sources, Datasea has additionally strategically expanded business protection to 5G messaging and sensible cost options. Datasea has been licensed as one of many High-Tech Enterprises (collectively issued by the Beijing Science and Technology Commission, Beijing Finance Bureau, Beijing State Taxation Bureau and Beijing Local Taxation Bureau) and one of many Zhongguancun High Tech Enterprises (issued by the Zhongguancun Science Park Administrative Committee) in recognition of the corporate’s achievement in excessive expertise merchandise. For further firm info, please go to: www.dataseainc.com. Datasea routinely posts necessary info on its web site.

Cautionary Note Regarding Forward-Looking Statements

This press launch comprises forward-looking statements throughout the which means of Section 21E of the Securities Exchange Act of 1934 and as outlined within the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology resembling “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook,” “objective” and related phrases. Such statements are primarily based upon administration’s present expectations and present market and working situations, and relate to occasions that contain recognized or unknown dangers, uncertainties and different elements, all of that are troublesome to foretell and that are past Datasea’s management, which can trigger Datasea’s precise outcomes, efficiency or achievements (together with the RMB/USD worth of its anticipated profit to Datasea as described herein) to vary materially and in an opposed method from anticipated outcomes contained or implied within the forward-looking statements. Further info concerning these and different dangers, uncertainties or elements is included in Datasea’s filings with the U.S. Securities and Exchange Commission, which can be found at www.sec.gov. Datasea doesn’t undertake any obligation to replace any forward-looking assertion because of new info, future occasions or in any other case, besides as required underneath legislation.

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