Datasea Announces a $4.33 Million New Agreement to Give Brief Concept and 5G Multimedia Concept Companies

BEIJING, Sept. 13, 2021 (World NEWSWIRE) — Datasea Inc. (NASDAQ: DTSS) (“Datasea”), a technologies corporation…

BEIJING, Sept. 13, 2021 (World NEWSWIRE) — Datasea Inc. (NASDAQ: DTSS) (“Datasea”), a technologies corporation that supplies visible and non-visible based clever security alternatives, 5G messaging items, and wise payment services in China, introduced these days that its wholly-owned subsidiary corporation named Shuhai Zhangxun Info Know-how Co., Ltd. (“Shuhai Zhangxun”) experienced entered into a limited messages business product sales cooperation agreement (the “Agreement”) to provide Shorter Message and 5G Multimedia Concept Products and services (“Messaging Solutions”) to Hubei Kuanyun Community Technological know-how Co., Ltd. (“Hubei Kuanyun”).

Beneath the Agreement, Shuhai Zhangxun will provide Messaging Products and services to assist Hubei Kuanyun arrive at its consumers, like suppliers, organization companions, and customers. The Messaging Expert services include but are not minimal to granting Hubei Kuanyun 1) access to Shuhai Zhangxun Small Concept and 5G Multimedia Information platforms 2) an accessibility code issued by the Ministry of Marketplace and Info Know-how to adopt the companies, and 3) the telecommunications gateways of the 3 significant Chinese cell operators to enable facts to stream from 1 discrete community to a further. Hubei Kuanyun undertakes the complete purchase benefit of this engagement would be no considerably less than RMB 28 million (roughly USD 4.33 million). The expression of the Agreement is a single year. The provider charges beneath the Settlement shall start at the time when Hubei Kuanyun gains access to Shuhai Zhangxun Quick Information and 5G Multimedia Concept platforms and starts off to use the providers. The billing cycle less than the Arrangement is a person calendar month and Hubei Kuanyun will be invoiced on a month-to-month basis.

“I am extremely happy to announce the new arrangement with Hubei Kuanyun on 5G Multimedia Messaging Products and services. This cooperation demonstrates Datasea’s capability to give bulk messaging services and a increasing current market recognition in our know-how benefits, items, and successful company shipping and delivery,” mentioned Zhixin Liu, CEO of Datasea. “We are going to keep upgrading our 5G messaging products and solutions, purposes scenarios, and pricing styles with the superior engineering on hand and consumer-centric method in brain. Datasea aims to be a reliable small business lover for tens of millions of modest and medium-sized enterprises in China and be an sector chief in 5G messaging marketing and cloud organization solutions.”

About Datasea Inc.
Datasea Inc., via its variable interest entity, Shuhai Information and facts Technology Co., Ltd., a technological innovation organization in China, supplies visible and non-visible centered good stability alternatives, 5G messaging solutions and good payment services. Datasea leverages its proprietary systems, mental residence, revolutionary products and current market intelligence to supply detailed and optimized safety solutions to its customers. Datasea has been qualified as just one of the Substantial Tech Enterprises (jointly issued by the Beijing Science and Technologies Commission, Beijing Finance Bureau, Beijing Point out Taxation Bureau and Beijing Local Taxation Bureau) and a person of the Zhongguancun Substantial Tech Enterprises (issued by the Zhongguancun Science Park Administrative Committee) in recognition of the company’s achievement in large engineering goods. For more organization information, be sure to pay a visit to: Datasea routinely posts crucial information on its site.

Cautionary Note With regards to Forward-On the lookout Statements
This press release contains forward-hunting statements inside the which means of Area 21E of the Securities Exchange Act of 1934 and as described in the U.S. Non-public Securities Litigation Reform Act of 1995. These ahead-wanting statements can be recognized by terminology this sort of as “will”, “expects”, “anticipates”, “long term”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook,” “objective” and similar phrases. These types of statements are dependent on management’s recent expectations and latest sector and working conditions, and relate to functions that entail recognised or not known pitfalls, uncertainties and other elements, all of which are tough to forecast and which are past Datasea’s command, which may well result in Datasea’s true success, functionality or achievements (such as the RMB/USD benefit of its expected profit to Datasea as explained herein) to differ materially and in an adverse method from expected success contained or implied in the forward-wanting statements. Additional data regarding these and other dangers, uncertainties or aspects is integrated in Datasea’s filings with the U.S. Securities and Exchange Commission, which are offered at Datasea does not undertake any obligation to update any forward-on the lookout statement as a result of new information, future events or usually, besides as needed underneath legislation.

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