Fu Liu, a reporting person at Datasea Intelligent Technology Ltd., filed Amendment No. 2 to Schedule 13D on November 12, 2026, disclosing the issuance of 239,862 restricted Class A Ordinary Shares to him on July 9, 2026 as compensation and salary payment.

Key Highlights

  • Two share issuances on July 9, 2026: 150,000 restricted Class A Ordinary Shares were issued as quarterly compensation, and 89,862 restricted Class A Ordinary Shares were issued as payment of accrued and unpaid salary from January 2026 to June 2026.
  • Compensation committee approval: The quarterly compensation arrangement was approved by the compensation committee of the board of directors in December 2025 under the Company's 2018 Equity Incentive Plan, as amended.
  • Salary payment approved by the board: The board of directors approved the salary-related share issuance on June 30, 2026, according to the filing.
  • Aggregate beneficial ownership: Fu Liu now beneficially owns 101,192,558 shares, representing 47.57% of the class, as reported in the filing's cover page.
  • Share composition: The 101,192,558 figure reflects voting power of 1,192,558 Class A Ordinary Shares and 2,000,000 Class B Ordinary Shares; each Class B share carries 50 votes and is convertible to Class A on a one-for-one basis.
  • Outstanding shares basis: The 47.57% ownership percentage is calculated on 12,737,285 Class A Ordinary Shares and 4,000,000 Class B Ordinary Shares issued and outstanding as of October 23, 2026, as provided by the issuer.

Fu Liu's July 2026 Share Issuances at Datasea Intelligent Technology

According to the filing, Datasea Intelligent Technology Ltd. issued a combined 239,862 restricted Class A Ordinary Shares to Fu Liu on July 9, 2026, through two separate transactions. The first tranche of 150,000 shares was issued as "additional quarterly compensation for his services with the Company," pursuant to an arrangement approved by the compensation committee of the company's board of directors in December 2025 under the Company's 2018 Equity Incentive Plan, as amended. The second tranche of 89,862 shares was issued as "payment of accrued and unpaid salary for the period from January 2026 to June 2026," as approved by the board on June 30, 2026.

The filing is Amendment No. 2 to a Schedule 13D originally filed on June 16, 2023 under the CIK of Datasea Inc., prior to that entity's merger into the current company, and later amended on June 2, 2026. The amendment states that all prior disclosures remain unchanged except as expressly modified herein. Fu Liu's address is listed as Room 302-5, Building C, Gemdale Viseen, No. 5 Shengfang Rd., Beijing, China.

As of the filing, Fu Liu holds sole voting power and sole dispositive power over 101,192,558 shares, with no shared voting or dispositive power reported. The filing notes that the beneficial ownership percentage of 47.57% does not include "the exercise or conversion of other outstanding securities of the Company owned by other security holders." The Class B Ordinary Shares held by Fu Liu are convertible to Class A Ordinary Shares at any time on a one-for-one basis, and each Class B share carries 50 votes compared to one vote per Class A share.

What Was Disclosed

Fu Liu filed an amended Schedule 13D disclosing two restricted share issuances totaling 239,862 Class A Ordinary Shares received on July 9, 2026, as compensation and salary, bringing his reported beneficial ownership to 101,192,558 shares, or 47.57% of the class.