Unless otherwise indicated or the context otherwise requires in this annual report:
| ● | “BVI” refers to the British Virgin Islands; |
| ● | “BVI Act” refers to the BVI Business Companies Act, Revised Edition 2020, as amended from time to time; |
| ● | “China” or the “PRC” are to the People’s Republic of China, excluding Taiwan for the purposes of this prospectus only; |
| ● | “Class A Ordinary Shares” refers to our Class A ordinary shares, with no par value, as currently authorized under our Memorandum and Articles of Association; |
| ● | “Commission” or the “SEC” refers to the U.S. Securities and Exchange Commission; |
| ● | “Class B Ordinary Shares” refers to our Class B ordinary shares, with no par value, as currently authorized under our Memorandum and Articles of Association; |
| ● | “Exchange Act” refers to the Securities Exchange Act of 1934, as amended; |
| ● | “Ordinary Shares” refers collectively to our Class A Ordinary Shares and Class B Ordinary Shares; |
| ● | “Redomicile” refers to the merger of Predecessor Datasea into Datasea Intelligent Technology, which was completed on April 15, 2026. |
| ● | “Shuhai Beijing” or “VIE” refers to Shuhai Information Technology Co., Ltd. (数海信息技术有限公司), a limited liability company incorporated under the laws of the PRC and the variable interest entity of DIT, contractually controlled by Tianjin Information; |
| ● | “Shuhai HK” refers to Shuhai Information Skill (HK) Limited, a limited company organized under the laws of Hong Kong and a wholly owned subsidiary of DIT; |
iii
| ● | “we,” “us,” “our,” “our Company,” “the Company,” and “DIT” refer to Datasea Intelligent Technology Ltd., a business company incorporated under the laws of the British Virgin Islands, and its subsidiaries, and the variable interest entity (“VIE”), unless the context otherwise requires; |
| ● | “Predecessor Datasea” refers to Datasea Inc., the predecessor to Datasea Intelligent Technology Ltd.; |
| ● | “WFOE” or “PRC Subsidiary” refers to Tianjin Information Sea Information Technology Co., Ltd. (天津信息海信息技术有限公司), a wholly foreign-owned enterprise organized under the laws of the PRC; |
| ● | “VIE” or “consolidated VIE” refers to Shuhai Information Technology Co., Ltd. (“Shuhai Beijing”), a variable interest entity. |
| ● | “VIE Agreements” refers to the series of contractual arrangements among Tianjin Information, Shuhai Beijing and the shareholders of Shuhai Beijing, pursuant to which DIT consolidates the financial results of Shuhai Beijing and its subsidiaries; |
| ● | “Datasea Acoustics” refers to Datasea Acoustics LLC, a limited liability company organized under the laws of the State of Delaware and a wholly owned subsidiary of DIT, focused on the operation and distribution of acoustic high-tech products in the U.S. and overseas markets; |
| ● | “Nasdaq” refers to the Nasdaq Capital Market; |
| ● | All references to “RMB” or “Chinese Yuan” refer to the lawful currency of the People’s Republic of China; |
| ● | All references to “U.S. dollars,” “dollars,” “USD” or “$” refer to the lawful currency of the United States of America. |
| ● | All references to “Datasea” in this annual report refer to Datasea Intelligent Technology Ltd., not including its consolidated subsidiaries and VIE, unless the context otherwise indicates; |
Our reporting currency is U.S. dollars. The functional currency of the entities located in China is the RMB. The accounting and foreign currency translation policies applicable to the consolidated financial statements are described in the notes to the consolidated financial statements included elsewhere in this annual report.
iv
