HungryPanda Announces The First Ever International Delivery Rider Appreciation Day to Honor Delivery Heroes

HungryPanda’s International Delivery Rider Appreciation Day to Celebrate and Honor Food Delivery Heroes

NEW YORK, Aug. 18, 2023 /PRNewswire/ — HungryPanda, the world’s leading overseas Asian food delivery platform is delighted to unveil a special addition to Chase’s Calendar of Events 2024: International Delivery Rider Appreciation Day. Marked annually on August 18th, this momentous occasion pays tribute to the hardworking and dedicated food delivery riders who tirelessly connect us with delicious meals and make our lives easier.


International Delivery Rider Appreciation Day holds great significance for both HungryPanda and its community of delivery riders. The chosen date, August 18, has been thoughtfully selected to symbolize the exceptional efforts of riders. The number combination “818” resembles the silhouette of a rider’s bicycle with bags on top, visually capturing the essence of their integral role in the food delivery process. Moreover, the phonetic similarity between the sound of “8” and “eat” fosters a delightful connection with the very essence of food, further strengthening the bond between riders and the joy of dining experiences.

HungryPanda has conceived International Delivery Rider Appreciation Day with a heartfelt mission: to recognize, respect, and reward the relentless dedication of food delivery riders. These remarkable individuals go above and beyond, braving various challenges to ensure prompt and efficient deliveries. On this special day, HungryPanda will shine a well-deserved spotlight on their extraordinary contributions. The event will feature a diverse range of initiatives aimed at honoring the dedication of delivery riders including distributing ‘Panda Care Boxes,’ setting up rider stations with fresh food and water, and introducing a new voice system in the HungryPanda app that allows riders to select a virtual companion to accompany them on future delivery journeys.

“We are incredibly proud to introduce International Delivery Rider Appreciation Day and celebrate the invaluable role our food delivery riders play in connecting communities with their favorite meals, ” said Kelu Liu, Founder and CEO of HungryPanda. “Their dedication and hard work deserve our utmost admiration and appreciation. This special day is our way of expressing gratitude and recognizing their relentless efforts in making our lives easier and more enjoyable.”

Earlier this year, HungryPanda underwent a visual rebrand, transitioning from its primary brand colors of blue and white to the highly visible combination of yellow and black. The decision was made after consulting experts and conducting a detailed study on the most prominent safety colors for transportation. The results conclusively identified yellow as the most visible color, particularly at night. By adopting this color scheme, HungryPanda aims to enhance the safety and visibility of its delivery riders, providing them with an added layer of protection while navigating the streets.

Join HungryPanda in commemorating International Delivery Rider Appreciation Day and let us collectively express deep appreciation for these remarkable individuals who enhance our lives one delivery at a time. Together, we can celebrate their dedication, recognize their invaluable contributions, and foster a culture of gratitude and support within the food delivery community.

About HungryPanda

Founded in 2017, HungryPanda is currently the largest overseas Asian food delivery platform and the only food delivery platform to rank in Deloitte’s 2021 UK Technology Fast 50. Starting in Nottingham, U.K., HungryPanda has expanded to more than 80 cities in 10 countries: the U.K., France, Italy, the U.S., Canada, Australia, New Zealand, Japan, South Korea and Singapore. Currently, HungryPanda works with over 80,000 riders, 100,000 merchants and serves over 6 million users worldwide. This year, HungryPanda sets sights on $1 billion in gross transaction volume. For more information visit www.hungrypanda.co.

Those who walk toward the downpour and the frontrunners in disaster

BEIJING, Aug. 18, 2023 /PRNewswire/ — A news report from China.org.cn on China’s disaster relief:

“We just moved in our newly renovated apartment a month ago. (It’s all ruined now) We’re absolutely devastated.”

“I’ll give you brand new furnishing free of charge.” “I’ll paint your walls for free.” “Give me the measurements of your cabinets…”

These words come from a video posted by a netizen from Zhuozhou, Hebei province and the replies in the comment section. Heavy rain caused by Typhoon Doksuri that lasted nearly two weeks resulted in flood, which damaged her new apartment. While human efforts seem inconsequential in the face of natural disasters, the will of people have proven otherwise.

We’ve seen — 

Those who walk toward the tempest head-on: The firemen and rescue team members who came to Beijing and Zhuozhou from all over China, treated every rescue as a battle. They munched bread in the rain, worked hand in hand to form a “human rope” so that they can help trapped residents out from thigh-deep water; they trudged for four hours in heavy downpour to deliver supplies to people stuck in paralyzed trains… “No.23 (Wang Hongchun), put on that ring buoy!” This is the last sentence heard from Wang Hongchun and Liu Jianmin, the two Blue Sky Rescue members who sacrificed their lives in Beijing’s flood rescue efforts.

There are also frontrunners in the relief effort who made many sacrifices to help disaster victims. Xiong Li, a grassroot official from Mentougou District in Beijing died in the flood while inspecting the flood-stricken places, at a young age of 36. CPC Party members at Shawo Village, Matou Town in Zhuozhou stayed committed to their responsibilities: Some had given up sleep for over three days, busy helping villagers, some waded door to door to help residents escape, and some left even their own families behind. Train K1178 which was headed for Beijing, was stuck for over 40 hours at Yanhecheng Station. All the crew members set aside supplies for passengers, trying to comfort them. The whole crew hadn’t eaten anything for up to 20 hours, and the staff from the station had given them everything they had left – two bags of flour.

We have also seen small sparks that light up the whole sky. When people from one place are in need, help from various places come along. The disaster-stricken places were in dire need for transportation, so taxi drivers volunteered to pool their resources and offer support. Many warehouses of book companies were flooded, so many book-lovers from across China contributed their bit to help these companies through the hard times. Many ordinary citizens bought food supplies, and put up a pot to make noodles for flood victims as well as rescue crews.  

Confronted with natural disasters, “helping others”, an already noble gesture, only becomes even more valuable. It embodies how people cherish the lives of their own kind, and stands for trust, selflessness and righteousness.

In the Chinese myth “Nvwa Butian, (Goddess Nvwa mends the sky)” a hole was poked in the sky, giving rise to heavy rain. After the hole was mended by a five-colored stone, the rain stopped, and the flood receded. Now, while the heavy rain rages, we hope the “five-colored” stone made up of the love of Chinese people, would eventually mend the poked sky.

China Mosaic

http://www.china.org.cn/video/node_7230027.htm 

Those who walk toward the downpour and the frontrunners in disaster relief

http://www.china.org.cn/video/2023-08/18/content_104299969.htm 

World Leading Rehabilitation Expert Prof. Dr. Christopher Gutenbrunner Visits Siyi Intelligence

SHANGHAI, Aug. 18, 2023 /PRNewswire/ — On August 15th, Prof. Dr. Christopher Gutenbrunner, the former chief physician and Head of Department at the Clinic for Rehabilitation Medicine at Hannover Medical School, Rehabilitation international President-elect, Past-president of the Global Rehabilitation Alliance, made an official visit to Siyi Intelligence to explore the most updated Brain-computer Interface (BCI) Rehabilitation & Evaluation System and engaged in insightful discussions on the development of future rehabilitation robots, accompanied by Chong Wang, the Vice President of Zhangjiang AI Robot Valley and Gavin Yin, the Founder & CEO of Siyi Intelligence.

Prof. Dr. Christopher Gutenbrunner and his team experienced the first and exclusive Registrated BCI hand-rehab solution in China – Syrebo BCI Rehabilitation & Evaluation system and complimented ” the idea of the product is ingenious and advanced, that perfectly combined the brain-computer technology with mature hand function products.” 

Prof. Dr. Christopher Gutenbrunner said, ” Therapists must teach patients how to use rehabilitation products correctly. The feedback from patients will drive rehabilitation products iterate and update” while he was experiencing the rehabilitation products series for clinic and home. This point coincides with Syrebo’s R&D philosophy.

Siyi Intelligence’s staff also demonstrated Syrebo EasyWalk exoskeleton walking suit for lower extremity augmentation,which was approved by Science and Technology Commission of Shanghai Municipality in June this year.

EasyWalk is designed to help patients reduce energy consumption while walking, improve user’s ability to walk long distances even after a stroke and improve safety during walking. After Prof. Dr. Christopher Gutenbrunner learned about the product. He emphasized, “EasyWalk is effective in assisting patients to walk after a stroke. It’s the future direction of lower limb rehabilitation.”

At the recent Rehabilitation International Centennial Celebration Award Ceremony, Prof. Dr. Christopher Gutenbrunner appealed to respect human diversity, respect human rights, and promote equal participation and comprehensive development of disabilities. Similarly, Siyi Intelligence always carries out the commitment to provide dignified rehab equipment for the disabled group.

In the future, Siyi Intelligence will continue to explore the innovative application of cutting-edge technologies such as 5G, AI and big data in the rehabilitation industry, to bring “professional, refined, unique, and novel” solutions to the clinics & patients, ultimately realizing the vision of “ensure the innovative rehabilitation services are available to all”.

WiMi Developed Mask R-CNN-Based CSO, Reference Point, and Intelligent Extraction Technique

BEIJING, Aug. 18, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that it developed a Mask R-CNN-based technique for intelligently extracting CSOs (feature space objects) and its reference points brings a breakthrough in the field of high-resolution image processing and matching. The technique utilizes the latest advances in deep learning and computer vision to provide an efficient and accurate solution for automatic image matching and target localization.

High-resolution image processing and matching have been an important research direction in the field of computer vision, but automatic matching has been facing great challenges due to local deformations in images and differences in lighting conditions. Previous methods are often limited by computational complexity and dependence on local features, making it difficult to achieve accurate results. WiMi’s technique can be used to extract CSOs and their reference points on images. With this method, the CSOs can be acquired automatically and provide accurate localization information for the subsequent image matching process.

WiMi’s R&D team successfully solved this challenge by introducing the Mask R-CNN model, a model extension based on Faster R-CNN commonly used for target detection and instance segmentation. The model is unique in that it can simultaneously predict the bounding box, category, mask and key points of a target, providing comprehensive information for image processing tasks.

In this new technique, WiMi first utilizes a large amount of high-resolution remote sensing image data for training the Mask R-CNN model. Through training, the model is able to learn the features of different target instances in the image and accurately predict their bounding boxes, categories, masks and key points. Based on the trained Mask R-CNN model, the technical team further proposes the concept of CSO and the reference point method. CSO refers to target instances with distinctive features, which can be intelligently filtered out by setting thresholds or rules. Reference points, on the other hand, are extracted from CSOs by a mask predictor and a key point predictor, which are used to locate important feature points of target instances.

The technical implementation logic of it is as follows:

Data preparation: first, a dataset of high-resolution remote sensing images for training and evaluation needs to be prepared. The dataset should contain images with different target types and deformation levels.

Model training: the Mask R-CNN model is trained using the prepared dataset. The goal of training is to enable the model to accurately predict the bounding frame, categories, masks and key points of the targets.

CSO reference point extraction: on the trained Mask R-CNN model, intelligent extraction of CSOs and reference points can be achieved by inputting a high-resolution remote sensing image. Definition of CSO: CSO refers to feature space objects, i.e., target instances with distinctive features. Target instances with distinctive features can be filtered out as CSOs by setting some thresholds or rules. Reference point extraction: the mask predictor and key point predictor of the Mask R-CNN model are utilized to extract the mask and key point for each CSO. The Mask Predictor will generate a binary mask for each CSO, which is used to accurately segment the target instance. The key point predictor will predict the key point coordinates of the target instance for locating the important feature points of the target instance.

Application of CSOs and reference points: the extracted CSOs and reference points can be used for a variety of applications, such as high-resolution remote sensing image matching. Depending on the specific application scenario, image matching or other related tasks can be realized based on the location and features of CSOs.

The breakthrough of this technique is that it not only efficiently extracts CSOs and reference points, but also accurately describes the shape and location of target instances. This makes the automatic matching of high-resolution images more accurate and reliable, providing a reliable foundation for subsequent image processing tasks.

The technique brings many important applications and advantages to the field of high-resolution image processing and matching. It can be widely used in the field of remote sensing image processing, such as urban planning, environmental monitoring and resource management, etc. It can help to automatically extract the features of urban buildings, road networks and natural environments, and provide accurate data support for urban planning and resource management. In addition, this technology can also be applied in the fields of security monitoring, traffic management and military reconnaissance, etc. It can help to automatically extract key targets in the monitoring screen and accurately locate them, so as to improve the efficiency and accuracy of security monitoring. In traffic management, the technology can help identify traffic signs, vehicles and pedestrians, providing reliable data support for traffic flow monitoring and intelligent transportation systems.

This technique has achieved remarkable results in related fields and has been widely noticed and recognized. Currently, the technology has been successfully applied to several practical projects with impressive results. For future development, WiMi will continue to strengthen its technology development and innovation, and continuously improve the performance and effect of Mask R-CNN-based CSO and its reference point and intelligent extraction technology. At the same time, the company will actively expand the application areas of the technology, and work with partners from various industries to promote the development of high-resolution image processing and matching technology, and contribute to the progress and development of society.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

vivo Celebrates Merdeka with Rebates up to RM200

THE VIVO V27 SERIES WITH REBATE UP TO RM200

We’re only midway through the Merdeka month, and many brands are already celebrating with of promotions and sales. vivo is certainly not missing out on the festivities as they are giving special rebates of up to RM200 for the vivo V27 series!

For the whole month of August, you can get the vivo V27 (8GB+256GB) at RM1,699 (RRP: RM1,799) and the vivo V27 (12GB+256GB) at RM1,799 (RRP: RM1,999).

The V27 is a decently strong contender as a mid-range selfie smartphone. As we know, the best portraits are taken in optimal lighting – which is why the aura light that’s integrated into its OIS portrait feature is perfect for selfie lovers. Fancy some night photography? You can also take better pictures in low-light thanks to the Sony IMX766V Customised Flagship Sensor on the device.

Don’t like bulky devices? You’d also be happy to hear that the vivo V27 sports the thinnest 3D curved screen in vivo history. With a slim profile measuring just 7.36mm thick, it’s got portability and ease of handling down.

Interested in getting your very own V27? You’ll just need to head on over to the nearest vivo concept store. Don’t miss out as this offer is only available for a time-limited and operates on a first-come, first-served basis. If you’d like to know more, you can also visit vivo Malaysia’s official Facebook page.

Enjoy RM220 Off the PS5 this Merdeka

ps5 merdeka 1

PlayStation and console fans, rejoice! This Merdeka month, PS5 is going on a limited-time sale for RM220 off. From 18 August to 31 August 2023, those who have been eyeing on the console will now have the chance to snag it at a discounted price at PlayStation Authorized Dealers.

This month will also see plenty of discounts and promotions for the console along with select peripherals and games:

PS5 Offers

PlayStation5 ConsoleRM 2,279
PlayStation5 Console – FINAL FANTASY XVI BundleRM 2,549

Peripheral Offers

PULSE 3D Wireless HeadsetRM 419
PULSE 3D Midnight Black Wireless HeadsetRM 419
PULSE 3D Gray Camouflage Wireless HeadsetRM 419

Game Offers

PlayStation4 Marvel’s Spider-Man Miles MoralesRM 169
PlayStation5 Marvel’s Spider-Man Miles MoralesRM 169
PlayStation5 God of War RagnarökRM 209
PlayStation5 Horizon Forbidden WestRM 209
PlayStation4 God of War PlayStation HitsRM 39

If you’re still on the fence about getting a PS5, or just simply want a couple of new games to play this Merdeka, this is your chance to snag them at a discounted rate! To enjoy the RM220 off PS5 promotion, check out the list of participating retailers to find the nearest one to you.

coocaa & Lazada Will Offer a Super Surprise and a Better Life on Super Brand Day

MANILA, Philippines, Aug. 18, 2023 /PRNewswire/ — coocaa, a prominent player in the online home appliance sector, is thrilled to announce its upcoming Super Brand Day, set to take place exclusively on the online marketplace Lazada on August 22nd. Since 2019, coocaa has held the position of the top TV brand on Lazada, a testament to its unwavering commitment to quality, strategic marketing, and technological innovation. The brand’s reputation now extends across Southeast Asia, where it is recognized and respected.

During August, coocaa aims to further establish itself as a key player in the home entertainment industry through the eagerly anticipated Super Brand Day event on Lazada. This grand one-day sale offers shoppers unbeatable prices on a range of coocaa TVs, with potential savings of up to 60%. Adding to the excitement, customers can also enjoy enticing freebies and exclusive Lazada rebates. This year’s theme, “Dive into the coocaaverse,” encapsulates coocaa’s vision of delivering immersive entertainment experiences right to customers‘ doorstep, taking their viewing pleasure to a whole new level.

coocaa & Lazada Super Brand Day——Y72
coocaa & Lazada Super Brand Day——Y72

Highlighting the event is the 55Y72 model, a distinguished member of the EYE CARE TV series. This TV’s built-in eye protection features have resonated with numerous consumers. The health functions especially EYE CARE series make the product stand out in the TV industry.

  • Flicker Free——Can effectively avoid the harmful flash, and reduce the screen flash by changing the dimming mode to protect eyes.
  • Low Blue Light—Specially designed bulbs in the Y72 significantly reduce harmful blue light emissions within the 415nm-455nm spectrum, providing heightened eye protection.
  • The Health Platform—Y72 introduces a night mode, eye protection mode, and auto-volume control, enhancing the overall TV experience.
  • The Antibacterial Remote Control—SGS-certified, the remote control incorporates antibacterial materials that combat up to 99% of bacteria.

For more details, please visit: https://bit.ly/3KEyeGu

The spokesperson for the company, Mr. Frank stated, “coocaa continues to establish itself as a trendsetter in the home appliance industry. The Super Brand Day on Lazada is a fantastic opportunity for us to engage with our customers and to show our appreciation for their continued support and loyalty.” Make sure to mark August 22nd on the calendar and take advantage of these fantastic deals. Dive into the coocaaverse and immerse in unparalleled entertainment with coocaa. coocaa never lets customers down.

New Study by Scientists at La Brea Tar Pits Finds Extinction of Ice Age Mammals Linked to Climate Change, Humans, and Fire

LOS ANGELES, Aug. 18, 2023 /PRNewswire/ — Large-scale wildfires in an ecosystem made fire-prone by climate change caused the disappearance of saber-toothed cats, dire wolves, and other large mammals in southern California nearly 13,000 years ago, according to a new study by researchers at La Brea Tar Pits.

Published in the journal Science, the peer-reviewed study breaks new ground in a decades-long scientific debate over what triggered the Earth’s last major extinction. Supported by the precise dating of fossils preserved at La Brea Tar Pits, the research advances our understanding of the dynamics between dramatic environmental change, human population growth, wildfire activity, and the abrupt disappearance of Ice Age megafauna. 

“The significance of this research will resonate for decades well beyond the scientific field,” said Dr. Lori Bettison-Varga, President and Director of the Natural History Museums of Los Angeles County. “La Brea Tar Pits is the only place on Earth that has the fossil record necessary to examine the last significant climate change event in this way. The site’s collection of millions of Ice Age fossils provides a unique opportunity to study environmental change. 

The study laid out a disastrous chain of ecological events reconstructed from climate, vegetation, and fire records preserved in the sediments of nearby Lake Elsinore. It started with the gradual warming and drying of the landscape and a simultaneous decline in forest-adapted large herbivores over 2,000 years, as Earth emerged from the last Ice Age and glaciers receded. Then, just as human populations began to sharply increase in North America, the ecosystem underwent a dramatic change: temperatures rose rapidly, a 200-year-long drought parched the landscape, and massive wildfires transformed plant communities. Within 300 years, all the Ice Age giants at La Brea were gone, and California’s modern, fire-adapted chaparral ecosystem had appeared. 

Understanding the relationship between environmental change and human activity is equally important to current-day challenges, the study said. It noted that temperatures in Southern California have risen faster in the last century than they did during the late Pleistocene. Land area burned by wildfire in the western U.S. has increased four-fold in the past 20 years, and this pattern is only predicted to worsen in coming years.

Full press kit 

Media Contact:
Maura Klosterman-Vu
310-552-4117
maura.klosterman@finnpartners.com

ASUS Goes Ape with new BAPE® Edition Vivobook S 15 OLED

ASUS and A BATHING APE are about to rock your world with a supped-up laptop! The two brands are collaborating to bring you signature ASUS quality infused with BAPE®style. The collaboration brings BAPE’s design style to ASUS’s popular Vivobook S 15 OLED. The new Vivobook S 15 OLED comes with an exclusive BAPEx ASUS design meticulously photo-light-etched into the metallic lid of the Vivobook S 15 OLED.

ASUS Vivobook S 15 OLED BAPE Edition 02

The collaboration isn’t just about aesthetics either. It’s bringing a real punch in terms of internals. The Vivobook S 15 OLED BAPE edition comes with an Intel Core i9-13900H processor with 16GB of RAM, 1TB of SSD memory and a stunning 2.8K OLED display. The display comes with a 120Hz refresh rate and 100% coverage of the DCI-P3 gamut. Of course, those specifications are not something new when it comes to the Vivobook S 15 OLED. In fact, it’s the top-of-the-line specifications that are available for the lineup.

ASUS Vivobook S 15 OLED BAPE Edition 01edited

However, A BATHING APE has put its own spin on it with a unique, ASUS-exclusive design that brings the whimsy and class of the BAPE aesthetic to the Zenbook. Photo-etched to the metallic lid of the Vivobook S 15 is a camouflage which features BAPE’s mascot ape. In addition to this, the special BAPE edition Vivobook will also come bundled with a bevvy of accessories which carry the ASUS-exclusive design. In the bundle are a BAPE Edition Carry bag, a BAPE edition ASUS Marshmallow mouse, a special BAPE Edition BABY MILO figurine, BAPE Edition Keyboard stickers and limited edition BAPE edition stickers. The BABY MILO figurine also has its very own limited edition BAPE Vivobook too!

The Vivobook S 15 OLED BAPE Edition will be available in two colours – a silver laptop which is paired with a Blue coloured version of the BAPE accessories and a Midnight Black colour which comes with a Green coloured version of the BAPE accessories.

Pricing & Availability

The Vivobook S 15 OLED comes in Midnight Black and Silver paired with Green and Blue BAPE Edition accessories respectively. The bundle will be priced at MYR6,499 and will be available starting 18 August 2023.

Datasea Announces $4 Million Private Placement Priced at a 125% Premium to Market at $1.35 Per Share

BEIJING, Aug. 17, 2023 /PRNewswire/ — Datasea Inc., (NASDAQ: DTSS) (“Datasea” or the “Company”), a digital technology corporation engaged in three converging and innovative business segments in China: intelligent acoustics, 5G messaging, and smart city technology, announced the signing of a securities purchase agreement with an investor from China for an investment totaling $4 million. The shares were priced at $1.35 each, representing a substantial 125% premium over the current share price.

Ms. Zhixin Liu, CEO of Datasea, expressed, “Securing this significant investment at a premium is a testament to our proven track record and the bright future ahead for Datasea. We are invigorated by the trust our investors have placed in us, and it further galvanizes our commitment to innovate and grow.”

Financing Details:

  • The initial payment of $714,285.71 due within 5 business days from the agreement’s effective date has been received by the Company.
  • A subsequent payment of $3,285,714.29 is due on or before October 15, 2023.

All securities purchased through this agreement will remain restricted for six months (180 days), emphasizing our commitment to long-term growth and shareholder value. The capital raised is earmarked for Datasea’s strategic expansion into the US market, along with other corporate endeavors.

About Datasea Inc.
Datasea Inc., through its variable interest entity, Shuhai Information Technology Co., Ltd., a digital technology company in China, engages in three converging and innovative industries: intelligent accoutics, 5G messaging and smart city. Datasea leverages cutting-edge technologies in the realm of intelligent acoustics, especially harnessing the power of ultrasonic sterilization to combat viruses and prevent human infections. Alongside this, the company delves into innovations in directional sound. With a diverse product lineup, Datasea is devoted to enhancing the quality of life using sound-based solutions. Concurrently, as a preeminent solution provider, Datasea’s 5G messaging application serves a broad spectrum of industries, regions, and small to micro enterprises throughout China. Datasea has been certified as one of the High-Tech Enterprises (jointly issued by the Beijing Science and Technology Commission, Beijing Finance Bureau, Beijing State Taxation Bureau and Beijing Local Taxation Bureau) and one of the Zhongguancun High Tech Enterprises (issued by the Zhongguancun Science Park Administrative Committee) in recognition of the Company’s achievement in high technology products. For additional information, please visit: www.dataseainc.com. Datasea routinely posts important information on its website. Twitter @Dataseainc, https://twitter.com/Dataseainc.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook,” “objective” and similar terms. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea’s control, which may cause Datasea’s actual results, performance or achievements  (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea’s filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. 

Investor and Media Contact: 

Datasea Inc. Investor relations
Email:  investorrelations@shuhaixinxi.com

Source: Datasea Inc.