BEIJING, Feb. 7, 2024
/PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the
"Company"), a Nevada incorporated
digital technology corporation engaged in innovative business
segments for intelligent acoustics and 5G messaging technology in
China announced today that,
on February 6, 2024, it received a written notification from
the Nasdaq Listing Qualifications Department of The Nasdaq Stock
Market LLC ("NASDAQ") confirming that for the last 10
consecutive business days, from January 23
through February 5, 2024, the closing bid price of the
Company's common stock has been at $1.00 per share or greater and, as a result, the
Company has regained compliance with NASDAQ's minimum bid price
requirement under Listing Rule 5550(a)(2) and the matter is now
closed.
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 messaging,
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 Messaging
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
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com
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SOURCE Datasea Inc.