DATASEA INC. 8-K

What Happened
Datasea Inc. (DTSS) announced that its redomicile to the British Virgin Islands (BVI) via a merger with its wholly-owned BVI subsidiary, Datasea Intelligent Technology Ltd. (DIT), will become effective April 15, 2026. At the effective time Datasea will cease to exist and DIT will be the surviving company. Each outstanding Datasea common share will convert into one (1) Class A ordinary share of DIT, except that the 2,000,000 shares held by Zhixin Liu and the 2,000,000 shares held by Fu Liu will convert into 2,000,000 Class B ordinary shares of DIT, respectively. DIT Class A ordinary shares will begin trading on the Nasdaq Capital Market on April 15, 2026 under the same ticker, "DTSS." The CUSIP for the DIT Class A ordinary shares is G2659M104.

Key Details

• Effective date of redomicile merger: April 15, 2026.
• Conversion: 1 Datasea common share → 1 DIT Class A ordinary share (general shareholders).
• Exceptions: Zhixin Liu and Fu Liu each convert 2,000,000 Datasea shares into 2,000,000 DIT Class B ordinary shares.
• Post-merger listing: DIT Class A ordinary shares to trade on Nasdaq Capital Market under symbol "DTSS"; CUSIP G2659M104.

Why It Matters
The company’s legal domicile and corporate entity will change — Datasea will be replaced by a BVI corporation (DIT) as the publicly traded issuer. For investors, trading continuity is maintained because the new Class A shares will use the same Nasdaq ticker (DTSS) starting April 15, 2026. Investors should review upcoming filings for any disclosures about differences in shareholder rights between Class A and Class B shares, governance changes, or other effects of the redomicile.