Liu, who currently holds a 32% stake in the Beijing-based company representing 49% of the voting power, stated the move reflects her belief in Datasea's acoustic intelligence and AI-driven digital solutions. The planned purchases are independent of any corporate buyback programs and do not require board intervention, as they rely exclusively on the executive's private funds.
The execution of these trades remains subject to market conditions, regulatory compliance, and a mandatory cooling-off period required under the Securities Exchange Act of 1934. Datasea, which specializes in ultrasonic and directional sound technology, continues to expand its footprint in sectors ranging from medical applications to smart-scenario elderly care. While the plan establishes an intent to acquire shares, the company noted there is no guarantee regarding the specific timing or total volume of the final acquisitions.
Comments (0)
No comments yet. Be the first!