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Datasea Announces a $14.99 Million Procurement Agreement to Supply 5G Messaging ServicesBEIJING, China, June 06, 2022 (GLOBE NEWSWIRE) -- 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 smart city technology in China. Today, the Company announced that Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei"), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a procurement agreement with Zhangzhou Baina Intelligent Technology Co., Ltd. ("Baina”). The agreement demonstrates Datasea’s capability to provide rich messaging experiences through 5G at scale and revolutionize the way enterprises interact with customers. Baina is a leading provider of the smart city technology services to streamline and automate processes and help in real-time decisions. There are many ways to conceptualize a smart city and Baina specializes in smart transportation with charging pile management and smart healthcare solutions. Datasea assists Baina to evolve in the next phase of customer communication and address emerging demands for advanced features such as fee settlement and service introduction in Baina’s different service scenarios. In conjunction with the 5G messaging recharge payment agreement, Shuhai Jingwei will act as the supplier and provide: 1)5G messaging recharge payment services of China Mobile, China Unicom, and China Telecom; 2) A technical interface as a transmission channel for fee settlement; 3) 5G short messages and telecommunication value-added services for Baina and its partners and clients. The term of the agreement is six months, during which the service fee will be prepaid by Baina and the total purchase amount will be approximately USD 14.99 million (RMB 100,000,000). "We are defining what 5G messaging service is and bring multimedia messaging and application-to-person experiences to enterprise client like Baina. When Baina manages tens of thousands of charging piles and handles surging demands for services, our 5G messaging and value-added services will ensure user experience while improving operational effiiency. We look forward to the partnership and opportunities to leverage our expertise and relationships to expand Baina’s customer reach," said Zhixin Liu, CEO of Datasea. “Datasea's mission is to explore the new possibilities of 5G messaging technology, implement future communication solutions and thus lead towards a more connected digital dimension. The solutions are discovered by smoothly combining telecommunications, software, information networks into functional entities to serve clients’ communication needs. Now, together with Baina, we can build services so that they include state-of-the-art 5G messaging solutions in the daily customer interaction. ” About Datasea Inc. Cautionary Note Regarding Forward-Looking Statements Investor and Media Contact:
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