Datasea Intelligent Technology Ltd. Completes Delivery of Three AI Multimodal Solution Projects with Aggregate Contract Value of Approximately USD 1.01 Million

Datasea Intelligent Technology Ltd. (NASDAQ: DTSS) completed delivery of three AI multimodal solution projects with an aggregate contract value of RMB 6.9 million (≈USD 1.01 million).

Rhea-AI Summary

Datasea Intelligent Technology Ltd. (NASDAQ: DTSS) completed delivery of three AI multimodal solution projects with an aggregate contract value of RMB 6.9 million (≈USD 1.01 million).

The company said related revenue is expected to be recognized under applicable accounting standards. Effective April 16, 2026, Datasea completed a redomicile merger to the British Virgin Islands and its Class A shares continue trading on Nasdaq: DTSS.

Management highlighted these projects as furthering a transition to higher‑margin, solution‑driven revenue and expecting strong gross profit contribution.

Positive

• Three projects delivered totaling RMB 6.9 million (~USD 1.01M)
• Revenue recognition expected following completion under applicable accounting standards
• Redomicile merger to British Virgin Islands completed on April 16, 2026
• Class A ordinary shares continue trading on Nasdaq: DTSS

Negative

• Revenue recognition remains contingent on accounting assessments, introducing timing/recognition uncertainty

Argus Apr 20 session

-0.96% close to close Open Argus

Details

News Market Reaction – DTSS

In the Apr 20 session, DTSS declined 0.96%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights completion of three AI multimodal solution projects with an aggregate v...

Analysis

This announcement highlights completion of three AI multimodal solution projects with an aggregate value of RMB 6.9 million (about $1.01 million), supporting Datasea’s pivot toward higher‑margin, solution-driven revenue. It follows a series of AI and 5G‑enabled commercialization steps, including large multimodal contracts and acoustic + AI health care initiatives. Investors may watch how quickly this work converts into recognized revenue and gross profit, and how it interacts with previously disclosed going‑concern and Nasdaq listing‑compliance considerations.

Key Figures

Aggregate contract value: RMB 6.9 million Aggregate contract value: USD 1.01 million Project count: 3 projects +1 more

Aggregate contract value

RMB 6.9 million

Three AI multimodal solution projects

Aggregate contract value

USD 1.01 million

Approximate value of three AI multimodal projects

Project count

3 projects

Completed AI multimodal solution deliveries

Redomicile effective date

April 16, 2026

Redomicile merger to British Virgin Islands effective date

Previous AI Reports

5 past events · Latest: Apr 15

Same Type 5 events

1. Apr 15

   AI commercialization update

   24h Move

   -3.6%

   International rollout of acoustic AI wellness robots and U.S. disinfection launch plans.

2. Mar 05

   AI robots expansion

   24h Move

   -0.9%

   Expanded cooperation to commercialize acoustic + AI health care robots in China and abroad.

3. Dec 17

   AI beauty system deal

   24h Move

   -3.1%

   Partnership to deploy acoustics + AI beauty and health system with fee-based revenue model.

4. May 19

   Major 5G+AI contracts

   24h Move

   -2.3%

   Two 12‑month 5G–AI contracts totaling $100 million for multimodal digital services.

5. Sep 17

   5G-AI agreements

   24h Move

   +29.8%

   New 5G‑AI multimodal agreements already generating $9.0 million in services.

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

Key Terms

variable interest entity, ai multimodal, class a ordinary shares, class b ordinary shares

4 terms

variable interest entity financial

"announced that its China-based variable interest entity, Datasea Information Technology"

A variable interest entity (VIE) is a company structure where one party controls another company’s operations and economic outcomes through contracts or special arrangements instead of owning a majority of its voting shares. For investors, VIEs matter because the controlling party’s financial results, debts and risks can appear in the controller’s reports even though ownership looks separate, so understanding VIEs helps assess true exposure, governance limits and transparency—like spotting a puppet controlled by strings rather than direct ownership.

ai multimodal technical

"completed the delivery of three AI multimodal solution projects with an aggregate"

AI multimodal describes artificial intelligence systems that can understand and generate more than one type of information—such as text, images, audio, and video—at the same time. Like a Swiss Army knife that combines tools for different tasks, multimodal AI lets products handle richer, more natural interactions, which can expand market opportunities, improve user engagement, and change cost structures—factors investors watch for growth and risk.

class a ordinary shares financial

"The Company's Class A ordinary shares continue to trade on the Nasdaq"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"shares held by each of Zhixin Liu and Fu Liu converted into Class B ordinary"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

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

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Completed Projects Further Support the Company's Transition Toward High-Margin, Solution-Driven Revenue and Strengthen Customer Stickiness Across AI Multimodal Application Scenarios

BEIJING, April 20, 2026 /PRNewswire/ -- Datasea Intelligent Technology Ltd. (NASDAQ: DTSS) ("Datasea" or the "Company"), a technology company specializing in AI-powered multimodal digital solutions and acoustic high-tech innovation, today announced that its China-based variable interest entity, Datasea Information Technology (Beijing) Co., Ltd., has completed the delivery of three AI multimodal solution projects with an aggregate contract value of RMB 6.9 million (approximately USD 1.01 million).

The Company believes that, following completion of the contracted services in accordance with the relevant project requirements, the related revenue is expected to be recognized in accordance with applicable accounting standards, and that these completed projects further reflect continued progress in its transition toward high-margin, solution-driven business lines and are expected to make a strong gross profit contribution.

Effective April 16, 2026, the Company completed its redomicile merger from Nevada to the British Virgin Islands, with Datasea Intelligent Technology Ltd. becoming the surviving public holding company.

The Company's Class A ordinary shares continue to trade on the Nasdaq Capital Market under the symbol "DTSS" following the effectiveness of the redomicile merger on April 16, 2026.

Ms. Zhixin Liu, Chief Executive Officer of Datasea Intelligent Technology Ltd., commented: "We believe the completion and delivery of these three projects further demonstrates customer recognition of our AI multimodal platform capabilities and our ability to deliver practical, scalable solutions across multiple commercial scenarios. More importantly, we believe these projects are expected to deliver strong gross profit contribution and further validate our ongoing strategic transition toward higher-margin, technology-driven, and solution-oriented business lines.

Leveraging our multimodal data processing and intelligent agent collaboration capabilities, we are expanding intelligent, scenario-based digital solutions across small and micro enterprise services, new media marketing services, digital rural service applications, and beauty and wellness digitalization. As we continue to execute on this strategy, we remain focused on improving business quality, strengthening operational performance, and creating sustainable long-term value for our shareholders."

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. Following the completion of its redomicile merger from Nevada to the British Virgin Islands on April 16, 2026, Datasea Intelligent Technology Ltd. became the surviving publicly traded holding company. The Company focuses on the development and commercialization of products, services, and solutions across acoustic high-tech and 5G-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 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 expressions. Such statements are based upon management's current expectations and current market and operating conditions and are subject to risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.

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 Inc.

FAQ

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

What did Datasea (DTSS) announce about the three AI multimodal projects on April 20, 2026?

Datasea completed delivery of three AI multimodal projects totaling RMB 6.9 million (≈USD 1.01M). According to the company, related revenue is expected to be recognized in line with applicable accounting standards following project completion.

Will Datasea (DTSS) recognize revenue from the RMB 6.9 million contracts immediately?

Revenue is expected but not guaranteed immediately; recognition follows accounting rules. According to the company, completed services meet project requirements and revenue will be recognized in accordance with applicable accounting standards.

How does Datasea (DTSS) expect the completed projects to affect margins and profitability?

The company expects a strong gross profit contribution and a shift toward higher‑margin solutions. According to the company, these projects support its transition to solution‑driven, technology‑oriented revenue streams.

What corporate change did Datasea (DTSS) complete on April 16, 2026?

Datasea completed a redomicile merger, moving its public holding company to the British Virgin Islands. According to the company, the merger was effective April 16, 2026 and the surviving public company is Datasea Intelligent Technology Ltd.

Will Datasea (DTSS) remain listed on Nasdaq after the redomicile merger?

Yes; Datasea's Class A ordinary shares continue trading on Nasdaq under the symbol DTSS. According to the company, trading on the Nasdaq Capital Market continued following the redomicile effective date.

What business areas will Datasea expand using its AI multimodal capabilities?

Datasea plans to expand scenario‑based digital solutions across small business services, new media marketing, rural digital applications, and beauty wellness. According to the company, its multimodal data processing and intelligent agent collaboration enable this expansion.