UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 Other Events.
As disclosed in the Current Report on Form 8-K filed on August 7, 2023, Datasea Inc. (referred to as the “Company”) entered into two subscription agreements (referred to as the “Agreements”) with a non-U.S. investor (referred to as the “Investor”). These Agreements outline the terms by which the Company will sell, and the Investor will purchase, a total of 4,760,000 shares of common stock (referred to as the “Shares”) at a per-share purchase price of $1.2. These Shares are subject to a mandatory holding period of 365 days.
Pursuant to the terms of these two Agreements, the Investor has committed to making payments totaling $5,712,000, to be paid in Renminbi (RMB), as consideration for the Shares. The first payment of RMB20,000,000 (approximately $2,856,000) was originally due by September 10, 2023, and was delayed due to adjustments in the Investor’s internal funding plan. However, the Investor has provided a firm commitment to the Company that this RMB20,000,000 will now be paid no later than September 30, 2023. Both parties signed a supplementary agreement to document this revised payment date, which is aligned with the payment schedule outlined in the second original Agreement.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | English translation of the Supplementary Agreement to the Subscription Agreement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DATASEA INC. | |||
| September 14, 2023 | By: | /s/ Zhixin Liu | |
| Name: | Zhixin Liu | ||
| Title: | Chief Executive Officer | ||
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