Material Event Form 8 K

As previously reported in the Current Report on Form 8-K filed by Datasea Inc. (the "Company") on May 24, 2024, the Company received a letter from The Nasdaq Stock Market LLC ("Nasdaq") on May 23, 2024 (the "Notice Date"), regarding its non-compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The letter notified the Company that its stockholders' equity of $1,181,331, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, did not meet the Nasdaq Capital Market's minimum stockholders' equity requirement of $2,500,000 for continued listing as per Nasdaq Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement"). Nasdaq gave the Company 45 days from the Notice Date to submit a plan to regain compliancewith the Stockholders' Equity Requirement.

On July 5, 2024, the Company submitted a compliance plan to Nasdaq detailing its plan to regain compliance with the Stockholders' Equity Requirement. Nasdaq granted the Company 180 days from the Notice Date to evidence compliance.

On November 14, 2024, the Company received written notification from Nasdaq that it had regained compliance with the Stockholders' Equity Requirement based on the Company's stockholders' equity of $4,064,729, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Accordingly, the Company is now in compliance with Nasdaq Listing Rule 5550(b)(1), and the matter is closed.