Datasea Intelligent Technology Ltd. Announces CEO's Intention to Purchase Up to US$1.0 Million of the Company's Class A Ordinary Shares

Datasea Intelligent Technology (Nasdaq: DTSS) announced that CEO Zhixin Liu, who beneficially owns about 32% of shares and 49% of votes, adopted a Rule 10b5-1 plan to purchase up to US$1.0 million of Class A ordinary shares.

Rhea-AI Summary

Datasea Intelligent Technology (Nasdaq: DTSS) announced that CEO Zhixin Liu, who beneficially owns about 32% of shares and 49% of votes, adopted a Rule 10b5-1 plan to purchase up to US$1.0 million of Class A ordinary shares.

The purchases will use her personal funds, are not a company share repurchase, and do not use company cash or require board approval. Trades will occur over time, subject to market conditions, legal restrictions, the plan’s terms, and the Rule 10b5-1 cooling-off period, with no assurance any specific amount will be bought.

Positive

• CEO 10b5-1 plan to buy up to US$1.0 million of DTSS shares
• Purchases funded entirely with CEO’s personal capital, not company cash
• CEO currently holds about 32% of shares and 49% of voting power

Negative

• No assurance that any or all of the planned share purchases will occur
• Share purchases remain subject to market conditions, trading restrictions, and plan terms

Argus Jun 16 session

-0.17% close to close Open Argus

Details

News Market Reaction – DTSS

On Jun 16, the day this news came out, DTSS closed 0.17% below the previous close.

Data tracked by StockTitan Argus for the Jun 16 session.

Key Figures

Planned share purchases: up to US$1.0 million CEO ownership: approximately 32% of outstanding shares CEO voting power: approximately 49% of votes +2 more

Planned share purchases

up to US$1.0 million

CEO Rule 10b5-1 trading plan for Class A ordinary shares

CEO ownership

approximately 32% of outstanding shares

Beneficial ownership reported for CEO Zhixin Liu

CEO voting power

approximately 49% of votes

Voting power of CEO’s shareholdings

Rule 10b5-1 plan

Rule 10b5-1 trading plan

Plan adopted under U.S. securities trading safe harbor

Cooling-off period

Rule 10b5-1 cooling-off period

No purchases before applicable cooling-off period expires

Historical Context

5 past events · Latest: Jun 12

5 events

1. Jun 12

   FDA prep work

   24h Move

   -0.1%

   Company advanced compliance work toward potential FDA registration and device listing.

2. Apr 20

   AI projects delivered

   24h Move

   -1.0%

   Completed three AI multimodal solution projects totaling ≈USD 1.01 million in value.

3. Apr 15

   Global acoustic AI push

   24h Move

   -3.6%

   Expanded international commercialization of acoustic AI robots and U.S. disinfection products.

4. Mar 24

   U.S. rollout robots

   24h Move

   -1.2%

   Announced initial U.S. rollout and commercialization model for wellness care robots.

5. Mar 05

   Health robots expansion

   24h Move

   -0.9%

   Reported revenue and expanded cooperation to scale acoustic + AI health care robots.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 10b5-1, open-market transactions, trading plan, securities laws, +1 more

5 terms

rule 10b5-1 regulatory

"has adopted a Rule 10b5-1 trading plan (the "Trading Plan") under which she intends"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market transactions financial

"purchase up to US$1.0 million of the Company's Class A ordinary shares in open-market transactions."

Open-market transactions are purchases or sales of a company’s securities that take place on public exchanges rather than through private agreements. They matter to investors because these trades change the number of shares available, can move the stock price, and often signal management’s view of the company’s value—like a store restocking or clearing shelves, altering supply and the price shoppers see.

trading plan financial

"has adopted a Rule 10b5-1 trading plan (the "Trading Plan") under which she intends"

A trading plan is a written set of rules an investor follows about what to buy or sell, when to enter and exit positions, and how much risk to accept—like a travel itinerary that maps the route, stops, and budget before a trip. It matters because it helps remove emotional decisions during market swings, enforces discipline, and makes performance easier to review and improve, reducing the chance of costly impulsive moves.

securities laws regulatory

"subject to market conditions, applicable securities laws, trading restrictions, and the terms"

Securities laws are the rules and enforcement systems that govern the buying, selling and disclosure of stocks, bonds and other investment products; think of them as the traffic laws for financial markets that set what must be disclosed, forbid fraud and require fair dealing. They matter to investors because they help ensure companies provide accurate information, reduce the risk of deception or insider advantage, and make it easier to compare investments and seek remedies if something goes wrong.

cooling-off period regulatory

"No purchases will be made before the expiration of the applicable Rule 10b5-1 cooling-off period."

A cooling-off period is a temporary pause around a planned securities offering or major corporate action during which the company, underwriters and insiders limit promotional statements and certain transactions so investors can review official documents and regulators can assess disclosures. It matters to investors because it reduces the risk of decisions driven by hype, gives time to read the prospectus and legal filings, and helps ensure a fairer, more orderly market — like a mandatory waiting period before a big sale so buyers can compare facts calmly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, June 16, 2026 /PRNewswire/ -- Datasea Intelligent Technology Ltd. (Nasdaq: DTSS) ("Datasea" or the "Company"), a technology company focused on acoustic high-tech and AI multimodal digital solutions, today announced that Ms. Zhixin Liu, the Company's Chief Executive Officer and a beneficial owner of approximately 32% of the Company's outstanding shares, representing approximately 49% of the votes, has adopted a Rule 10b5-1 trading plan (the "Trading Plan") under which she intends to purchase up to US$1.0 million of the Company's Class A ordinary shares in open-market transactions.

The planned purchases will be made with Ms. Liu's personal funds and are not part of a share repurchase program of the Company. The Trading Plan does not involve the use of the Company funds and does not require approval from the Company's board of directors.

Ms. Zhixin Liu commented, "I remain confident in Datasea's long-term strategy, technology platform, and growth opportunities. This intended personal purchase plan reflects my confidence in the Company's future prospects and my commitment to supporting long-term shareholder value. As previously disclosed by the Company, Datasea continues to advance its acoustic intelligence businesses, including acoustic health, medical and other applications, while exploring opportunities in intelligent wearable devices for chain stores, communities, households, and elderly-care scenarios. I believe the Company's core businesses have long-term growth potential, and I remain committed to supporting the Company's high-quality development."

The purchases are expected to be made from time to time, subject to market conditions, applicable securities laws, trading restrictions, and the terms of the Trading Plan. The Trading Plan is expected to be administered in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. No purchases will be made before the expiration of the applicable Rule 10b5-1 cooling-off period. There can be no assurance as to whether, when, or the extent to which any purchases will be completed.

About Datasea Intelligent Technology Ltd.

Datasea Intelligent Technology Ltd. is a Nasdaq-listed technology holding company focused on acoustic high-tech innovation and AI-powered multimodal digital solutions. The Company focuses on the development and commercialization of products, services, and solutions across acoustic high-tech and AI multimodal digitalization. Its acoustic business leverages technologies such as ultrasonic, infrasound and directional sound, with application exploration spanning environmental hygiene, health and wellness, and other smart-scenario uses. Through Datasea Acoustics LLC, the Company is also advancing its U.S. market development strategy as part of its broader international expansion.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the intent, belief or current expectations of Datasea and members of its management, as well as the assumptions on which such statements are based. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the Securities and Exchange Commission.

Investor and Media Contact: 

Datasea Investor Relations
Email:  investorrelations@shuhaixinxi.com
sunhezhi@shuhaixinxi.com

Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

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SOURCE Datasea Intelligent Technology Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share purchase plan did Datasea (DTSS) announce for CEO Zhixin Liu on June 16, 2026?

Datasea announced that CEO Zhixin Liu adopted a Rule 10b5-1 trading plan to buy up to US$1.0 million of Class A shares. According to Datasea, the purchases will be executed in open-market transactions over time, subject to legal and market conditions.

Is the Datasea (DTSS) CEO stock purchase a company share buyback program?

The Datasea CEO stock purchase is not a company share repurchase program; it is a personal 10b5-1 plan. According to Datasea, all planned purchases will use Ms. Liu’s personal funds and will not involve company cash or board approval.

How much Datasea (DTSS) stock does CEO Zhixin Liu currently own?

CEO Zhixin Liu is a beneficial owner of about 32% of Datasea’s outstanding shares and 49% of the voting power. According to Datasea, this substantial stake aligns her interests with shareholders as she plans potential additional open-market purchases.

When will Datasea (DTSS) CEO’s 10b5-1 share purchases begin under the new plan?

Share purchases under the CEO’s 10b5-1 plan will not begin until after the applicable Rule 10b5-1 cooling-off period expires. According to Datasea, trades are then expected from time to time, subject to market conditions and trading restrictions.

Are Datasea (DTSS) investors guaranteed that the CEO will buy the full US$1.0 million in shares?

Investors are not guaranteed that the CEO will complete the full US$1.0 million in share purchases. According to Datasea, there can be no assurance as to whether, when, or to what extent any planned purchases will be completed.

What businesses does Datasea (DTSS) highlight alongside the CEO’s planned share purchases?

Datasea highlights its focus on acoustic intelligence, including acoustic health, medical and other applications, and intelligent wearable devices. According to Datasea, these target chain stores, communities, households, and elderly-care scenarios and are viewed as having long-term growth potential.