DTSS · Datasea Inc.

Datasea Inc. is undergoing a significant corporate restructuring through a redomicile merger with its wholly-owned British Virgin Islands subsidiary, Datasea Intelligent Technology Ltd. This transaction represents a fundamental change in the company's legal structure and jurisdiction, moving from its current domicile to the BVI. The merger mechanism involves the conversion of existing Datasea common stock into DIT ordinary shares, with most shareholders receiving Class A shares while specific holdings by Zhixin Liu and Fu Liu convert to Class B shares, potentially indicating different voting rights or other structural distinctions. For investors, the continuity of trading under the same Nasdaq symbol 'DTSS' minimizes market disruption, though the new CUSIP number reflects the legal change. The transaction effectively dissolves Datasea Inc. as the surviving entity becomes DIT, which may have implications for corporate governance, regulatory compliance, and future strategic flexibility. Such redomiciling transactions are often pursued for operational, tax, or strategic advantages in different jurisdictions.