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Datasea Enters into a $4.67 Million Procurement Contract to Provide Short Message and 5G Multimedia Message Services

Datasea Enters into a $4.67 Million Procurement Contract to Provide Short Message and 5G Multimedia Message Services

Datasea Inc., a technology company that provides visual and non-visual based smart security solutions, 5G messaging products, and smart payment services in China, announced today that its wholly-owned subsidiary company named Shuhai Zhangxun Information Technology Co., Ltd. (“Shuhai Zhangxun”) had signed a $4.67 million procurement contract (the “Contract”) for Short Message and 5G Multimedia Message Services (“Messaging Services”) with Jiangxi Zhouwang Network Technology Co., Ltd. (“Jiangxi Zhouwang”).

Pursuant to the Contract, Shuhai Zhangxun will help Jiangxi Zhouwang reach its clients and provide value-added telecommunication Messaging Services. The Messaging Services include but are not limited to granting Jiangxi Zhouwang 1) access to Shuhai Zhangxun’s Short Message and 5G Multimedia Message platforms; 2) an access code issued by the Ministry of Industry and Information Technology to adopt the above services, and 3) the telecommunication gateways of the three major Chinese mobile operators to allow data to flow from one discrete network to another. Jiangxi Zhouwang undertakes the total purchase value of this engagement would be no less than RMB 30 million (approximately USD 4.67 million). The term of the Contract is one year. The service fees under the Contract shall commence when Jiangxi Zhouwang starts to adopt Shuhai Zhangxun’s Short Message and 5G Multimedia Message services. The billing cycle under the Contract is one calendar month, and Jiangxi Zhouwang will be invoiced monthly.

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“Our 5G messaging business strategy and the work that we have done in the past year have led to phenomenal business results, strengthened our core business, and positioned Datasea for long-term sustainable growth,” said Zhixin Liu, CEO of Datasea. “Datasea team is incredibly excited to be working with Jiangxi Zhouwang and helping them in taking hands-on messaging technology to new heights with our solutions.”

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