Datasea Announces New 5G Messaging Recharge Service Agreement
May 23 2023 - 8:30AM
Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"),
incorporated in Nevada on September 2014, is a digital technology
corporation engaged in three converging and innovative business
segments: 5G messaging, acoustic intelligence, and digital smart
city technology in China. Today, the Company is pleased to announce
that Shuhai Jingwei Technology Co., Ltd. ("Shuhai Jingwei"), a
subsidiary of the Chinese operating company contractually
controlled by the Company, has entered into a 5G Messaging Recharge
Service Agreement with Quanzhen Hulian Technology (Shenzhen) Co.
Ltd. ("Quanzhen Hulian").
Quanzhen Hulian, is an avant-garde service enterprise and serves
its clients from multifarious sectors, encompassing new media,
smart education, and exhibitions, with top-tier information
services such as online mobile phone recharge for all major telecom
service providers in China.
The Company believes that the agreement with Quanzhen Hulian
strategically places Datasea at the epicenter of the rapidly
evolving 5G landscape. By providing consistent 5G message recharge
services to Quanzhen Hulian's end-users, Datasea fortifies its
commitment to leading innovation while enhancing its product
portfolio, client diversification, and brand recognition. The
collaborative approach to developing bespoke systems catering to
client needs further underscores Datasea's client-centric ethos and
its dedication to delivering superior customer service.
The agreement contemplates a mutually beneficial arrangement
with Quanzhen Hulian procuring recharge services in the range of
10-500 RMB. This transaction has the potential to expand Datasea's
5G top up business scope, and under the agreement, Quanzhen Hulian
estimates that it will purchase up to 5 million RMB (712,900 USD)
per month over the next year, subject to final confirmation of
orders.
CEO of Datasea, Liu Zhixin, expressed her enthusiasm for the new
partnership, saying, "Our alliance with Quanzhen Hulian symbolizes
a pivotal milestone in our journey. It opens the door to new
avenues of growth and reaffirms the market's recognition of our
state-of-the-art 5G messaging recharge services."
About Datasea Inc.Datasea Inc., through its
variable interest entity, Shuhai Information Technology Co., Ltd.,
a digital technology company in China, engages in three converging
and innovative industries: smart city, acoustic intelligence and 5G
messaging. Datasea leverages facial recognition technology and
other visual intelligence algorithms, combined with cutting-edge
acoustic and non-visual intelligence algorithms, to provide smart
city solutions that meet the security needs of residential
communities, schools and commercial enterprises. Most recently, in
response to the growing utilization of 5G technologies and the
overall initiative to utilize Datasea’s technology capabilities to
expand business coverage and revenue resources,Datasea has also
strategically expanded business coverage to 5G messaging and smart
payment solutions. Datasea has been certified as one of the
High-Tech Enterprises (jointly issued by the Beijing Science and
Technology Commission, Beijing Finance Bureau, Beijing State
Taxation Bureau and Beijing Local Taxation Bureau) and one of the
Zhongguancun High Tech Enterprises (issued by the Zhongguancun
Science Park Administrative Committee) in recognition of the
company’s achievement in high technology products. Get real-time
Datasea updates by following us on Social Media and our website.
Datasea routinely posts important new information. Twitter
@Dataseainc, https://twitter.com/Dataseainc; Website:
www.dataseainc.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will", "expects", "anticipates", "future",
"intends", "plans", "believes", "estimates", "target", "going
forward", "outlook," “objective” and similar terms. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and which are beyond Datasea's control, which
may cause Datasea's actual results, performance or
achievements (including the RMB/USD value of its anticipated
benefit to Datasea as described herein) to differ materially and in
an adverse manner from anticipated results contained or implied in
the forward-looking statements. There cannot be any assurance of
the amount of any orders that may be received under the agreement
with Quanzhen Hulian Technology (Shenzhen) Co. Ltd. Further
information regarding these and other risks, uncertainties or
factors is included in Datasea's filings with the U.S. Securities
and Exchange Commission, which are available at www.sec.gov.
Datasea does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
Investor and Media Contact:
International Elite Capital Inc. Annabelle ZhangTelephone:
+1(646) 866-7989 Email: Datasea@iecapitalusa.com
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