Datasea Inc. Issues Statement Regarding Recent Market Activity

Core Viewpoint - Datasea Inc. has experienced recent fluctuations in its stock price and trading volume, but the company asserts that its operations and financial position remain stable, with no undisclosed material information affecting the market activity [2][3]. Financial Performance - For the first fiscal quarter of 2026, Datasea reported a gross profit of USD 1.17 million, representing a 4.9 times increase year-over-year, and an improvement in gross margin to 8.46% [3]. - The company is focused on high-margin, technology-driven solutions and is evaluating strategic measures to enhance market recognition of its financial progress and growth potential [3]. Strategic Initiatives - Datasea has achieved significant technological advancements in acoustic technologies and brain-computer interface applications, which are expected to strengthen its competitive advantages and growth momentum [4]. - The company has established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware to facilitate its entry into the U.S. market as part of its global expansion strategy [6]. Communication and Transparency - Datasea emphasizes the importance of transparent communication with investors and the market, committing to provide timely updates on its business progress in accordance with disclosure requirements [5].