The Three Agreements Support Continued Fiscal Year 2025 Revenue Growth for its Core AI-Based Businesses

BEIJING, July 1, 2024 /PRNewswire/ — Datasea Inc. (NASDAQ: DTSS) (“Datasea” or the “Company”), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence (“AI”) multimodal communication technology in the United States and China, today 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.

Ms. Liu Zhixin, CEO of Datasea, commented, “We are pleased to enter into the new agreements as they are expected to increase new customer orders for both our 5G AI communications and acoustics products segments. We believe that both of our businesses are beginning to gain excellent traction due to their high value in the 5G communications and healthy living marketplaces. In addition, we are confident that the two segments’ core AI functionality will drive further technological innovation and increased market share.”

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 Agreement with Shenzhen Yuzhongqing Technology Co., Ltd. (“Yuzhongqing “), a firm primarily engaged in internet and related services. According to the agreement, Yuzhongqing can purchase 5G multimodal communication delivery services from Heilongjiang Xunrui over the course of 12 months that have an estimated total value of up 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.

About Datasea Inc.

Datasea Inc. (“Datasea”) is a leading provider of products, services, and solutions for enterprise and retail customers in innovative industries, Intelligent Acoustics and 5G multimodal communication, especially focusing on ultrasonic, infrasound and directional sound technology. 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 directional sound 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. For additional information, please visit: 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. 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: 

Datasea Inc. Investor relations
Email:  investorrelations@shuhaixinxi.com
            sunhezhi@shuhaixinxi.com 

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

Source: Datasea Inc.

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HO CHI MINH CITY, Vietnam, July 1, 2024 /PRNewswire/ — VinHMS – an innovator in hospitality technology, has been actively pursuing its strategic plans for international expansion. Established in December 2018 as a member of Vingroup, VinHMS specializes in providing high-quality technology products, and aims to optimize business operations for enterprises. After 5 years of establishment, VinHMS is actively expanding its presence in the domestic market, and plans to extend its footprint out of the borders. This expansion strategy underscores VinHMS’s commitment to becoming a leading provider of hospitality technology solutions in Southeast Asia and the international market, with operations in Vietnam, Singapore, Cambodia, and Thailand. By leveraging native cloud-based platforms, VinHMS aims to reduce overall costs, streamline processes, enhance operational efficiency, accelerate innovations, improve guest experiences, and increase financial performance for hotel operators using AI, machine learning, and proprietary advanced algorithms.

The expansion of VinHMS extends beyond Asia following its successful acquisition by Vemanti Group, Inc., a leading technology holding company. This strategic move positions VinHMS as a frontrunner in digital solutions for the hospitality sector. Leveraging its expertise in digital transformation solutions, VinHMS aims to revolutionize the American hospitality industry. With a strong track record in Southeast Asia, VinHMS brings its innovative solutions to U.S. hotel operators. This strategic move underscores VinHMS’s commitment to global innovation and customer-centric solutions. VinHMS’s acquisition represents a pivotal moment in the Company’s collective history, setting the stage for a future defined by innovation, market leadership and ambitious path to NASDAQ.

A recent highlight for VinHMS was its participation in HoSkar Night Bangkok hosted by WeHub, this is the most vibrant networking event for hospitality and real estate in Southeast Asia. This event provided a platform for VinHMS to showcase its latest innovations and network with industry leaders in Thailand. VinHMS’s involvement in HoSkar Night reinforces its status as a key player in the hospitality technology sector and highlights its ongoing efforts to stay at the forefront of industry trends.

VinHMS offers a range of products designed to meet the diverse needs of the hospitality industry. As a member of HTNG and compliance with international standards, such as ISO 27001:2013 and PCI/DSS, proves the reliability of its solutions in satisfying the most stringent requirements when integrating with leading hotel chains worldwide. This commitment remains VinHMS’s orientation as it builds prestige with international partners. Its flagship solution, the comprehensive hospitality management platform, has been successfully implemented in major hotel brands such as Vinpearl, Melia Hotel International, Marriott, Sheraton, CityHouse and more. Specifically, VinHMS provides offers a suite of innovative solutions in the hospitality technology sector, including:

• CiHMS: VinHMS’s flagship hospitality management solution. It helps hotels streamline operations, maximize revenue, and enhance guest experiences.
• CiAMS: A solution for managing hotel assets efficiently, optimizing resource utilization, and ensuring operational effectiveness.
• CiTMS: Designed for theme parks, this system assists in managing operations, ticketing, and guest experiences.
• CiTravel: A digital transformation solution tailored for small hotels, enabling them to enhance their services and improve guest satisfaction.

The vision of VinHMS is to lead the digital transformation in the hospitality industry, providing innovative solutions that drive operational excellence and customer satisfaction. Mr. Hoang Nguyen, CEO of VinHMS, said: “We want to provide an open platform that acts as a foundation for hotels to do innovations. All standard hotel operation tools are there, but the most important thing about our platform is that we can easily connect and integrate with many technology providers to improve cost, increase revenue, and enhance hotel customer experiences.”

About VinHMS:

VinHMS is a technology company specializing in cutting-edge products and solutions aimed at optimizing business operations for customers in the hospitality industry. VinHMS’s comprehensive solution set comprises of CiHMS, CiAMS, CiTMS, and CiTravel. The flagship product is the complete hospitality management platform CiHMS, which is capable of handling all operational needs of 4-star to 5-star hotels and hotel chains. VinHMS pursues the mission of transforming hospitality operations through technology innovations.

VinHMS has processed transactions valued close to $500 million through its solutions, demonstrating significant growth and market acceptance. With rapid expansion, VinHMS is continuing to focus on operational excellence, achieving satisfaction, and developing sustainable growth for more hospitality entities in the future.

Learn more at: https://vinhms.com.

About WeHub:

WeHub, owned by Vision Asia Pacific, is one of the most vibrant hospitality and real estate communities in Vietnam and Southeast Asia. WeHub was founded with the vision to connect businesses, people and ideas. The platform offers the latest trends and insights while facilitating business connections within the real estate and hospitality industries through various activities, including Meet The Experts conferences (MTE), HoSkar Night networking events, SIF masterclasses, and WeTalk private meetings for lead generation.

Follow WeHub’s official channels at:

– LinkedIn: https://shorturl.at/Rw9GA 

– Facebook: https://shorturl.at/YKnlY 

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NTUC Club continues to make the sport accessible and affordable for all through partnerships and its estate-less golf club, My Golf Kaki, amid plans for a new, integrated golf development.

SINGAPORE, June 30, 2024 /PRNewswire/ — This Sunday on June 30, Marina Bay Golf Course (MBGC) – Singapore’s first and only 18-hole public golf course owned and managed by NTUC Club – will shutter as its land lease expires. Since its inception in 2006, MBGC has had an illustrious 18-year history, welcoming members of the public to experience its world-class facilities. It made its mark by earning numerous accolades including Best Public Golf Course in Asia Pacific and ranking among the Best Top 3 Best Golf Course in Singapore.

Fun fact: In the past 18 years, the well-loved MBGC has seen more than 1.3 million people on the greens and dispensed over 419 million driving range golf balls.

Despite the closure of MGBC, NTUC Club will continue to make the sport accessible and affordable through its estate-less golf club My Golf Kaki (MGK). This has been done by providing more slots to MGK members during weekdays as well as increasing the number of days night-golf is available at the Orchid Country Club (OCC). Together with the recent expansion of MGK’s portfolio of local and overseas courses including in Indonesia and Malaysia, MGK members can not only enjoy an easier planning and booking process, but have a wider variety of golf courses to choose from as well. 

Mr Lim Eng Lee, NTUC Club’s Chief Executive Officer, said: “Despite the closure of MBGC, we hope to continue to make golf an affordable and accessible sport. In anticipation of MBGC’s closure, we have stepped up efforts since last year to promote the affordable MGK membership to golfers. We are encouraged by the response with the community growing from 7,000, to over 9,000 members in the last 12 months. I am pleased that NTUC Club has been working closely with the SGA in our shared vision that golf can be an inclusive sport to be enjoyed by all.”

Mr Tan Chong Huat, President of the Singapore Golf Association (SGA), remarked: “The closure of the hugely popular Marina Bay Golf Course will significantly impact Singapore’s golfing community without access to a private golf club. We acknowledge the impact of land scarcity on the entry barrier and accessibility to playing golf in Singapore. As the national custodian of the sport, SGA will continue to play its leadership role in developing a robust golf ecosystem that strives to promote and develop the game of golf for all Singaporeans from all walks of life.”

He added that SGA will uphold its commitment to making golf an inclusive sport that contributes to the physical and mental well-being of Singaporeans. It remains dedicated to this mission and looks forward to working with stakeholders, including NTUC Club, to achieve pragmatic and beneficial outcomes aligned with urban growth needs and the development of golf in Singapore.

Similarly, NTUC Club is deeply committed to grow Singapore’s golfing community, and has been in discussion with the authorities for potential sites that can be developed under the Labour Movement (LM). NTUC Club plans for future LM golf courses to be inclusive with a new, integrated golf concept – one that is enhanced by additional recreational spaces for family-friendly activities such as cycling tracks, nature trails, and common spaces for picnics and performances. Future LM golf courses will welcome not just golfers, but the public and people from all walks of life.

Visuals of MBGC are available here.

About Marina Bay Golf Course

Opened in November 2006, Marina Bay Golf Course is Singapore’s only 18-hole public golf course. From a humble reclaimed land to the transformation into an award-winning golf course, this landmark is best known for the only par 6 in Singapore and signature island green overlooking the cityscape. Marina Bay Golf Course is operated by NCI Golf Pte Ltd, a wholly-owned subsidiary of NTUC Club.

About My Golf Kaki

Golf for all, Golf for Good. 

Teeing up a vision to be the trusted and leading golf community where everyone can experience and immerse themselves in the game of golf, regardless of status and abilities, My Golf Kaki (MGK) is an energetic community powered by UPlay. As avid golfers ourselves, we’re driven by a deep passion for making golf accessible and growing our community of Golf Kakis. Established in 2002, in 2023, we embarked on an exhilarating transformation, complete with a refreshed look and exciting new experiences for our kakis. We’re now even more committed to provide members with affordable and amazing golf experiences, complemented by unparalleled service. Join our vibrant golf community in making a positive difference through golf, where we create social impact and foster a strong sense of community! For more details on MGK, visit  www.mygolfkaki.com.

About NTUC Club

Established in 1986, NTUC Club is the leisure and entertainment arm of the National Trades Union Congress (NTUC) in Singapore. As part of the Labour Movement (LM), we are committed to providing diverse recreational options guided by values of care, passion, trust, and service. NTUC Club manages clubhouses across the island, Downtown East, D’Resort, Wild Wild Wet, Aranda Country Club, Orchid Country Club, and UPlay. Launched in 2023, UPlay offers ‘phygital’ recreational experiences, partnering with unions and companies to enhance social well-being and community engagement. NTUC Club also oversees community initiatives like nEbO, U Live and My Golf Kaki – promoting engagement and enrichment for workers. For more details on NTUC Club, visit www.ntucclub.com.sg.

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HONG KONG, June 29, 2024 /PRNewswire/ — This is a report from Xinhuanet:

On June 29, “‘See the Spectacular and Kaleidoscopic China’—Victoria Park Celebrate the Return of Hong Kong” opens in Victoria Park, Hong Kong, and Deyang, catching the audience’s attention with its unique charm. In the exhibition, people immerse in the whole archaeological research process via Sanxingdui VR interactive cabin, buy the lovely Sanxingdui cultural and creative products, see the ingenious skills of intangible cultural heritage, queue up in front of various speciality food stalls…… They fully enjoy themselves in Deyang’s beautiful cityscape and the mysterious Sanxingdui culture.

Sanxingdui becomes the most popular in Deyang’s exhibition. In Sanxingdui VR interactive cabin, the audience “walk” into the exact Sanxingdui archaeological site, and close contact with the new archaeological technologies used on site. They can also scan the QR code of Sanxingdui Museum, appreciate the over 2-metre bronze statue, the bronze mask with protruding eyes and big ears, and the mask with a gold content of about 85%. They feel like travelling back, as the life of ancient Shu people slowly unfolds in front of their eyes.

Also, more than 40 cultural and creative products from Sanxingdui Museum appear in the exhibition: “Chuan Shu Xiaodui” blind box, “Long Hu Zun” tea set, bronze bird plush toy, bronze standing man…… They are all popular among the audience.

Mianzhu New Year’s painting, Deyang Chaozhou-style round fan, Luojiang soybean meat, eight delicacies oily cake, Changlin century egg…… The local specialities, old brands, intangible cultural heritage skills and distinctive food have attracted many audience to stop to watch, try and buy. The exhibition also highlights Deyang’s other urban cultural landmarks such as China Dried Noodle Village, China Mianzhu New Year’s painting Village, Sanxingdui and Long Men Zhi Dian International Tourism Resort.

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DUSHANBE, Tajikistan, June 29, 2024 /PRNewswire/ — The 2024 “Future World” International Youth Art Exhibition was grandly inaugurated at the National Museum of Tajikistan in Dushanbe. This event, co-organized by the Committee on Youth and Sports Affairs of the Government of Tajikistan, the China Intercontinental Communication Center of the State Council Information Office of the People’s Republic of China, and the Media Center of the Ministry of Foreign Affairs of Tajikistan, was hosted by Yunnan SCO Culture and Sports Co., Ltd., Shanghai Art Fair International Exhibition Co., Ltd., and the “Future World” International Youth Art Exhibition Organizing Committee. It received support from the Embassy of Tajikistan in China, the Embassy of China in Tajikistan, and UNESCO. The aim was to build a bridge for youth exchanges among the member states of the Shanghai Cooperation Organization (SCO), promote understanding of cultural diversity, and foster deeper knowledge of China among global youth through artistic creation.

Distinguished guests, including Safarzoda Anvar from the Tajik government; Ji Shumin, Chinese Ambassador to Tajikistan; Gulahamzoda Zulfikar Ahmad, Chairman of the Committee on Youth and Sports Affairs of Tajikistan; Colleagues from the International Cooperation Bureau of the State Council Information Office of China; and Ahmedzoda Zolfia Kabir, Vice President of the Presidential Academy of Tajikistan, along with over 800 attendees, participated in the event.

“Future World” Painting Exhibition: Showcasing Youthful Creativity

Before the opening ceremony, guests and media representatives visited the “Future World” Painting Exhibition. This exhibition featured over 200 artworks by young artists from 26 countries, combining physical and digital formats. Sections included “SCO Family,” “River of Civilization,” “Lighting Up Technology,” “Endless Life,” and “Prosperous Olympics.” Young artists expressed their unique insights and creativity on topics like peace, ecology, development, and civilization, conveying a vision of a better future world. Tajikistani youth representatives guided the audience through the exhibition, sharing the stories and inspirations behind the artworks.

Opening Ceremony and Cultural Performance: A Celebration of Youth and Art

At the opening ceremony, Zafarsho Ibrohimzoda, Director of the Tajikistan National Museum, welcomed participants, highlighting that this was one of the most significant events ever held at the museum. Safarzoda Anvar emphasized the long-standing relationship between Tajikistan and China, noting that this event provides a solid foundation for further artistic and cultural exchanges. Gulahamzoda Zulfikar Ahmad spoke about the strong development of Tajik-Chinese relations over the past three decades, stating that youth are a great force for national progress, and the successful hosting of the “Future World” exhibition marks a further deepening of cooperation in youth development.

Ambassador Ji Shumin noted that continuous youth cultural exchanges are due to the high attention paid to youth work by the leaders and governments of both countries, based on a long history of friendly cooperation. He expressed hope that this generation of young people, living in the golden age of Tajik-Chinese relations, would contribute positively to the friendly cooperation between the two countries. Colleagues from the International Cooperation Bureau of the State Council Information Office of China, emphasized that youth are the witnesses and pioneers of the future. He highlighted that the “Future World” exhibition, held on the eve of the SCO Summit, serves as a bridge for communication and understanding among the youth of SCO member states, especially between China and Tajikistan.

Following the speeches, a vibrant cultural performance jointly created by Chinese and Tajikistani youth took center stage. Performances included Tajik traditional instrumental music, folk dances, and solo songs, showcasing Tajikistan’s rich cultural heritage. Chinese youth captivated the audience with a solo dance titled “Rain in the Bamboo Grove,” a martial arts performance “Dynamic Universe,” and a group dance “Twelve Stars of Chang’an,” earning enthusiastic applause from the audience. These performances highlighted the talents and creativity of the youth while expressing their aspirations and wishes for the future.

“Reading SCO, Cultural Creative Fair”: A Feast of Culture and Innovation

The “Reading SCO, Cultural Creative Fair” also provided a unique cultural experience for the audience. The book exhibition featured a variety of interesting and informative Chinese cultural books, interactive reading experiences, and new media products. Books such as “The Language of Music” introduced children to music, and “Xinjiang Travelogue” by Kyrgyz writer Aydarbek Salmanbetov attracted widespread attention with its trilingual presentation in Chinese, Russian, and Kyrgyz. The cultural and creative products at the fair, including themed blind boxes, fridge magnets, and copper mirrors, were highly popular among the youth, who enjoyed hands-on experiences like archaeology and mirror polishing.

The “Future World” International Youth Art Exhibition project was initiated by the China Intercontinental Communication Center in 2023. Since its inception, it has successfully held two exhibitions at UNESCO headquarters during the “Cinema Heritage” International Film Festival in November 2023 and the Global Symposium on the Concept of Intercultural Dialogue and Mutual Learning in April 2024. It has gradually become a high-level artistic event with extensive categories, recognized by youth, and having significant international influence.

The successful hosting of the 2024 “Future World” International Youth Art Exhibition not only showcased the artistic talents of youth but also deepened the understanding and friendship between the young people of China and Tajikistan, injecting new vitality into the cultural exchange of the SCO. In the future, “Future World” will continue to promote global youth cultural exchange and cooperation, allowing more young people to enhance dialogue through the language of art and contribute to building a peaceful, prosperous, and diverse future world.

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