Datasea CEO Plans Up to $1M Personal Share Purchases Under 10b5-1 Plan
DTSS•Datasea CEO Zhixin Liu, who holds about 32% of outstanding shares (49% voting power), has adopted a Rule 10b5-1 plan to purchase up to US$1.0 million of Class A ordinary shares with personal funds. Purchases will occur over time following applicable securities laws, a cooling-off period, and trading restrictions.
1. CEO Announces $1M Personal Share Purchase Plan
Datasea CEO Zhixin Liu has adopted a Rule 10b5-1 trading plan to acquire up to US$1.0 million of the company’s Class A ordinary shares in open-market transactions. None of the purchases involve company funds or a board-approved repurchase program, and all transactions will comply with applicable securities laws and the plan’s cooling-off requirements.
2. Insider Stake and Voting Rights
Ms. Liu personally owns approximately 32% of Datasea’s outstanding shares, representing roughly 49% of voting power, underscoring her significant influence and alignment with shareholder interests. The planned purchases reinforce her commitment to long-term value and signal confidence in the company’s strategic direction.
3. Strategic Growth Drivers
Datasea specializes in acoustic high-tech innovation and AI-powered multimodal solutions across health, environmental hygiene, wearable devices and elderly care. The company is advancing U.S. market development through its subsidiary Datasea Acoustics LLC and exploring expansion in intelligent wearable devices for retail, communities and households.
