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Major Datasea (DTSS) holder updates 13D after merger and dual-class recap

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Zhixin Liu filed an amended Schedule 13D reporting her beneficial ownership in Datasea Intelligent Technology Ltd. following a merger with Datasea Inc. Effective April 15, 2026, her 2,000,000 Datasea common shares were converted into 2,000,000 Class B Ordinary Shares, and her remaining Datasea common shares became Class A Ordinary Shares.

She holds voting power over 101,283,274 votes, representing 1,283,274 Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares. This equals 49.06% of the outstanding share classes, based on 6,447,153 Class A and 4,000,000 Class B shares outstanding as of June 1, 2026.

Positive

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Insights

Filing updates Datasea’s post‑merger ownership and voting concentration.

The amended Schedule 13D clarifies that Zhixin Liu controls 1,283,274 Class A and 2,000,000 Class B shares, together carrying 101,283,274 votes. Class B shares are convertible 1‑for‑1 into Class A but carry fifty votes each, reinforcing a dual‑class structure.

The filing ties this structure to the April 15, 2026 merger in which Datasea Inc. combined into Datasea Intelligent Technology Ltd. It also specifies that her 49.06% beneficial ownership is calculated against 6,447,153 Class A and 4,000,000 Class B shares outstanding as of June 1, 2026, giving investors a clear view of post‑merger control.

Voting power 101,283,274 votes Sole voting and dispositive power reported by Zhixin Liu
Class A shares owned 1,283,274 Class A Ordinary Shares Shares beneficially owned by Zhixin Liu
Class B shares owned 2,000,000 Class B Ordinary Shares Shares received in merger conversion
Beneficial ownership 49.06% of class Percent of class represented by Liu’s holdings
Class A outstanding 6,447,153 Class A shares Outstanding as of June 1, 2026
Class B outstanding 4,000,000 Class B shares Outstanding as of June 1, 2026
beneficial ownership financial
"The percentages of beneficial ownership were determined in accordance with Rule 13d-3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 13d-3 regulatory
"The percentages of beneficial ownership were determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
Class B Ordinary Shares financial
"2,000,000 Class B ordinary shares, with no par value, of the Company (the "Class B Ordinary Shares")"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Agreement and Plan of Merger financial
"pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and between Datasea Inc. and the Company"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Schedule 13D/A regulatory
"This Amendment No. 1 to ("SC 13D/A") amends the originally filed on June 16, 2023"
A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.
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G2659M104

(CUSIP Number)
Zhixin Liu
Room 302-5, Building C, Gemdale Viseen,, No. 5 Shengfang Rd.
Beijing, F4, 102699
86 10-58401996

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/15/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Numbers in Rows (7), (9), and (11) represent voting power of 1,283,274 Class A ordinary shares, with no par value, of Datasea Intelligent Technology Ltd. (the "Company" or the "Issuer") (the "Class A Ordinary Shares") and 2,000,000 Class B ordinary shares, with no par value, of the Company (the "Class B Ordinary Shares"). The Class B Ordinary Shares are convertible to Class A Ordinary Shares at any time on a one for one basis. Each Class A Ordinary Share is entitled to one (1) vote and each Class B Ordinary Share is entitled to fifty (50) votes. (2) The beneficial ownership percentage in Row (13) is calculated based upon an aggregate of 6,447,153 Class A Ordinary Shares and 4,000,000 Class B Ordinary Shares issued and outstanding as of June 1, 2026, as provided by the Issuer. This calculation does not include the exercise or conversion of other outstanding securities of the Company owned by other security holders.


SCHEDULE 13D


Zhixin Liu
Signature:/s/ Zhixin Liu
Name/Title:ZHIXIN LIU
Date:06/02/2026

FAQ

What does the Datasea (DTSS) Schedule 13D/A filing disclose about Zhixin Liu’s ownership?

The filing shows Zhixin Liu beneficially owns 1,283,274 Class A and 2,000,000 Class B Ordinary Shares. Together, these represent 49.06% of the outstanding share classes, based on issuer-reported Class A and Class B share counts as of June 1, 2026.

How many votes does Zhixin Liu control in Datasea (DTSS) after the merger?

She has voting power over 101,283,274 votes in Datasea Intelligent Technology Ltd. This reflects 1,283,274 Class A Ordinary Shares with one vote each and 2,000,000 Class B Ordinary Shares, each carrying fifty votes, under the company’s dual-class structure.

How did the April 15, 2026 merger affect Zhixin Liu’s Datasea (DTSS) holdings?

When Datasea Inc. merged into Datasea Intelligent Technology Ltd. on April 15, 2026, Liu’s 2,000,000 Datasea common shares became 2,000,000 Class B Ordinary Shares. Her remaining Datasea common shares were converted into Class A Ordinary Shares of the surviving company.

What percentage of Datasea (DTSS) does Zhixin Liu’s stake represent?

Her beneficial ownership is reported as 49.06% of the outstanding share classes. This percentage is based on 6,447,153 Class A Ordinary Shares and 4,000,000 Class B Ordinary Shares outstanding as of June 1, 2026, as reported by the issuer to her.

What are the voting and conversion rights of Datasea (DTSS) Class B Ordinary Shares?

Each Class B Ordinary Share is convertible into one Class A Ordinary Share at any time. Class B shares carry fifty votes each, while Class A shares carry one vote, giving Class B holders significantly greater voting influence relative to their economic stake.

How many Datasea (DTSS) shares were outstanding when the 49.06% stake was calculated?

The 49.06% beneficial ownership figure uses an outstanding base of 6,447,153 Class A Ordinary Shares and 4,000,000 Class B Ordinary Shares. These figures were reported as outstanding by the issuer as of June 1, 2026, and provided to the reporting person.