Datasea enters agreements with two new clients for 5G messaging

Datasea announced that Datasea’s Chinese operating entity, Shuhai Information Technology, together with Heilongjiang Xunrui Technology, Shuhai Jingwei Information Technology and Guozhong Times have entered into agreements with two prominent new clients: Hainuo Xintong Network Technology and Shenzhen Qiake Technology. These agreements enable Hainuo and Shenzhen Qiake to purchase 5G message virtual recharge cards in various denominations ranging from 10 to 500 RMB over the course of the 12 months of the agreements. In just the few short weeks since the agreements were signed with Hainuo and Shenzhen Qiake, Shuhai Beijing and its subsidiaries have provided 5G messaging top-up services valued at approximately $1.89 million. In addition to the new agreements, our ongoing services to pre-existing clients have generated approximately $1.06 million in revenue providing for the month of August alone.