DTSS · Datasea Inc.

Datasea Inc. stockholders voted decisively to approve the merger with Datasea Intelligent Technology Ltd. (DIT), a British Virgin Islands business company and wholly owned subsidiary. The Merger Proposal received overwhelming support with 6,535,347 shares voting in favor compared to only 15,306 against, indicating strong shareholder consensus on the strategic transaction. Upon completion, Datasea Inc. will merge with and into DIT, with DIT emerging as the surviving entity.

Concurrently, the Share Exchange Proposal was approved, though with a slightly lower vote count of 5,535,347 shares in favor. This proposal establishes the capital structure conversion mechanics, where common stockholders will receive one Class A ordinary share of DIT for each share held. Notably, Zhixin Liu and Fu Liu will each have their 2,000,000 shares of common stock converted into 2,000,000 Class B ordinary shares of DIT, suggesting a dual-class share structure post-merger that may concentrate voting control with these individuals. The meeting took place on April 2, 2026, in Beijing.