Datasea unit buys patent assets for RMB 7 million in share-based deal

Datasea Intelligent Technology Ltd. Class A

Datasea Intelligent Technology Ltd. Class A

DTSS

0.00
  • Datasea Intelligent Technology agreed to buy a patent asset package for RMB 7 million via its Tianjin Information Sea subsidiary.
  • Assets include a granted invention patent covering a cloud detection method, with related technical materials and improvement results.
  • Consideration set to be paid through issuance of DTSS Class A ordinary shares to Yang Zhaobing and Lü Hongwei, subject to board clearance.
  • Share issuance sized using the prior trading day’s closing price, with caps of 19.99% issuance and 9.99% beneficial ownership per recipient.
  • Patent transfer registration in China is a gating condition for the share issuance under the agreement dated June 5, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Datasea Intelligent Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-068383), on June 12, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.