DATASEA INC. 8-K

What Happened
Datasea Inc. (DTSS) filed an 8-K reporting that at a special stockholders meeting on April 2, 2026 (10:00 P.M. ET, held in Beijing, PRC), shareholders approved a Merger Agreement under which Datasea will merge into its wholly owned BVI subsidiary, Datasea Intelligent Technology Ltd. (DIT), with DIT to be the surviving company. Shareholders also approved a related share-exchange proposal converting certain U.S. common shares into Class A and Class B ordinary shares of DIT.

Key Details

• Meeting held April 2, 2026 in Beijing, PRC; reported on Form 8-K (Item 5.07).
• Merger Proposal vote: For 6,535,347; Against 15,306; Abstain 0.
• Share Exchange Proposal vote: For 5,535,347; Against 15,306; Abstain 0.
• Under the Share Exchange Proposal, upon the merger’s effective time: the 2,000,000 common shares held by each of Zhixin Liu and Fu Liu would convert into 2,000,000 Class B ordinary shares of DIT (no par value); all other common shares would convert into one Class A ordinary share of DIT (no par value).

Why It Matters
Shareholders have authorized a corporate reorganization that will make the British Virgin Islands subsidiary (DIT) the surviving entity and change the company’s share structure through a specified conversion of U.S. common shares into DIT Class A and Class B ordinary shares. For investors, this is a material corporate-structure change (merger + share exchange) that may affect listing, governance, and the form of equity held after the merger becomes effective; the 8-K reports the formal shareholder approvals but does not by itself describe the effective date or subsequent regulatory steps.