Datasea Inc. announced three new sales agreements with its subsidiaries in China. If the parties to these agreements that total approximately $61.7 million that encompass two agreements for its 5G-AI communications segment, and one agreement for its high tech acoustic products segment. Datasea's three new sales agreements are as follows: On May 15, 2024, the Company's Guozhong Haoze subsidiary signed a 5G AI Multimodal Communication Agreement with Shenzhen Juhaowan Technology Co.

Ltd. ("Juhaowan"), an online lifestyle services and application service provider. According to the agreement, Juhaowan can purchase 5G multimodal communication delivery services from Guozhong HaoZE over the course of 12 months that have an estimated total value of up to $30 million. On May 13, 2024, the Company's Heilongjiang Xunrui subsidiary signed a 5G AI multimodal communication delivery services from Heilongjiang Xun Trui over the course of 12 months That have an estimated total value ofup to $30 million.

On June 8, 2024, the Company's Shuhai Jingwei subsidiary entered into an Acoustic Products Sales Agreement with Tianjin Qianli Culture Communication Co. Ltd. ("Qianli Culture"), an internet promotion and marketing service provider, for the Company's acoustic high tech products. According to the agreement, Qianli Culture will purchase a total of approximately 20,000 units of the company's "Tianer" and "Star Sleep" branded products, including air disinfection machines, restroom deodorization and disinfection devices, and sleep aids, by December 31, 2024; the total contract amount is approximately $1.7 million.

The Company's advanced R&D technology serves as the core infrastructure and backbone for its products. Its 5G multimodal communication segment operates on a cloud platform based on AI. Datasea leverages cutting-edge technologies in intelligent acoustics, utilizing ultrasonic sterilization to combat viruses and prevent human infections, and is also developing innovations in direction and medical ultrasonic cosmetology.

In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to mark its global presence. This underlies Datasea's commitment to Intelligent Acoustics and its intent to offer leading edge acoustic solutions to the US market.