Datasea Inc. announced its latest plan for the Company's acoustic business. This includes entering into agreements with new global manufacturing partners with specialized production facilities, and finalizing upgrades of several key acoustic disinfection products. These steps align with the Company's plan to commence the production and market deployment of its new and upgraded products soon, actively supporting the Company's fiscal year 2024 revenue guidance of approximately $86 million, representing an increase of approximately 1,128% year-over-year.

Datasea is a global initiator, promoter, and practitioner of acoustic concepts and is one of the pioneers in introducing the concept of acoustic effects globally. Based on this, Datasea currently has nine products in the acoustic hi-tech series including floor-standing, desktop, and car-mounted air disinfection machines for home and office use, as well as products for wardrobes (dehumidification, sterilization, odor removal), and smart sleep aids. The Company's products are promoted and sold in China through direct sales, distribution channel agents, and livestreaming ecommerce broadcasts.

Through its wholly-owned subsidiary Datasea Acoustics LLC in Delaware, the Company is proceeding to launch its latest solutions for sound disinfection sterilazers, odor removal, sleep aids, and dehumidification products in the U.S. market, having established partnerships with U.S. channel partners, including Meglio Interiors LLC, based in Chamblee, Georgia. Datasea has also opened retail stores on the U.S. Amazon platform and it has actively engaged with large potential customers in the hotel and school sectors in New York, Philadelphia and other cities. In addition, the Company is actively expanding into fields with broad market prospects such as sound industry and sound agriculture.

In the sound industry sector, sound wave technology can be widely applied in processitution and upgrading in multiple segmented fields including ultrasonic precision processing, ultrasonic cleaning, welding, molding, liquefaction, dispersion, bubble removal, extraction scanning, detection, and liquid level gauges, as well as water treatment, including automotive manufacturing, electronic equipment, aerospace, and other industrial manufacturing fields. Sound industry technology and products based on ultrasonic waves could comprehensively improve production efficiency, reduce energy consumption and improve product quality in numerous industries. The market size for just one process, ultrasonic welding, is expected to reach approximately USD 513 million (RMB 3.7 billion) by 2025 according to the 'Research Report on the Current Situation and Deep Research and Development Prospects of China's Ultrasonic Welding Equipment Industry 2023-2025'.

The Company believes that as it continues to develop its sound wave technology through its leading edge R&D, it will expand the application areas for its acoustics business which will lead to a substantial expansion of the markets for its products.