Comprehensive Report Outlines Adoption Milestones, Onchain Transaction Growth, and Key Infrastructure Developments Across the Canton Network in Q1 2026

Company to Host an Accompanying Webinar to Discuss Findings

NEW YORK, April 20, 2026 /PRNewswire/ — Canton Strategic Holdings, Inc., (NASDAQ: CNTN) (“Canton Strategic Holdings” or the “Company”) the first publicly traded company to leverage Canton Coin to support the Canton Network’s ability to digitize traditional financial markets, today announced the launch of its quarterly ecosystem update on the Canton Network for the first quarter of 2026, a comprehensive analysis of network activity to be followed by a live webinar on April 22, 2026.

The research reviews the institutional adoption and ecosystem development on the Canton Network in Q1, with insights from the Company leadership as well as ecosystem partners.

Canton Strategic Holdings is an investor and active participant in the Canton Network ecosystem, providing both capital and insights to further the integration of the network into modern financial systems. This quarterly report is the first such report delivered by the Company in line with their commitment to strengthening the network as noted in CIP-0102. The full report is available here: https://www.cantonstrategic.com/quarterly-research-webinars/q1-2026-ecosystem-report

The Company will host a publicly available webinar on April 22, 2026 to dive deeper into the report’s insights and the network’s continued evolution. It will be led by Chairman and Chief Executive Officer Mark Wendland and feature a discussion on tokenomics with Eric Saraniecki, Co-Founder & Head of Network Strategy at Digital Asset and Chris Zuehlke, Global Head of Cumberland and Partner at DRW Holdings.

Webinar Details
Date: April 22, 2026
Time: 10:00am ET
Webcast Registration: Q1 Canton Network  Ecosystem Update, Presented by Canton Strategic Holdings
Toll-free dial-in number: +1 (925) 217-6460, enter Webinar. Number: 197-632-099, then enter Presenter Code: 888780

If you have any difficulty registering or connecting with the webinar, please contact ir@cantonstrategic.com.

About Canton Strategic Holdings, Inc.

Canton Strategic Holdings, Inc. (NASDAQ: CNTN), is the first publicly traded company to leverage Canton Coin and support the Canton Network to advance institutional blockchain adoption and the digitization of financial markets. In addition to driving value through activities on the Canton Network, the Company also operates clinical-stage biotech research and development. For more information, visit www.cantonstrategic.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of U.S. federal securities laws. Forward-looking statements are statements other than historical facts and include, without limitation, those regarding management expectations, strategy execution, market conditions, and the Company’s involvement with the Canton Network. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Further information regarding factors that may affect the Company’s prospects is included in its annual and quarterly reports filed with the U.S. Securities and Exchange Commission, available at www.sec.gov. The Company undertakes no obligation to update these statements except as required by law.

Canton is a registered trademark of Digital Asset (Switzerland) GmbH. Digital Asset is not affiliated with, and has not sponsored or endorsed, the operations of Canton Strategic Holdings, Inc.

Contacts

Media:
Gasthalter & Co.
(212) 257-4170
canton@gasthalter.com

Investors:
ir@cantonstrategic.com

X: @CantonStrategic
LinkedIn: Linkedin.com/CantonStrategicHoldings
Website: www.cantonstrategic.com

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SOURCE Canton Strategic Holdings, Inc.

Completed Projects Further Support the Company’s Transition Toward High-Margin, Solution-Driven Revenue and Strengthen Customer Stickiness Across AI Multimodal Application Scenarios

BEIJING, April 20, 2026 /PRNewswire/ — Datasea Intelligent Technology Ltd. (NASDAQ: DTSS) (“Datasea” or the “Company”), a technology company specializing in AI-powered multimodal digital solutions and acoustic high-tech innovation, today announced that its China-based variable interest entity, Datasea Information Technology (Beijing) Co., Ltd., has completed the delivery of three AI multimodal solution projects with an aggregate contract value of RMB 6.9 million (approximately USD 1.01 million).

The Company believes that, following completion of the contracted services in accordance with the relevant project requirements, the related revenue is expected to be recognized in accordance with applicable accounting standards, and that these completed projects further reflect continued progress in its transition toward high-margin, solution-driven business lines and are expected to make a strong gross profit contribution.

Effective April 16, 2026, the Company completed its redomicile merger from Nevada to the British Virgin Islands, with Datasea Intelligent Technology Ltd. becoming the surviving public holding company.

The Company’s Class A ordinary shares continue to trade on the Nasdaq Capital Market under the symbol “DTSS” following the effectiveness of the redomicile merger on April 16, 2026.

Ms. Zhixin Liu, Chief Executive Officer of Datasea Intelligent Technology Ltd., commented: “We believe the completion and delivery of these three projects further demonstrates customer recognition of our AI multimodal platform capabilities and our ability to deliver practical, scalable solutions across multiple commercial scenarios. More importantly, we believe these projects are expected to deliver strong gross profit contribution and further validate our ongoing strategic transition toward higher-margin, technology-driven, and solution-oriented business lines.

Leveraging our multimodal data processing and intelligent agent collaboration capabilities, we are expanding intelligent, scenario-based digital solutions across small and micro enterprise services, new media marketing services, digital rural service applications, and beauty and wellness digitalization. As we continue to execute on this strategy, we remain focused on improving business quality, strengthening operational performance, and creating sustainable long-term value for our shareholders.”

About Datasea Intelligent Technology Ltd.

Datasea Intelligent Technology Ltd. is a Nasdaq-listed technology holding company focused on acoustic high-tech innovation and AI-powered multimodal digital solutions. Following the completion of its redomicile merger from Nevada to the British Virgin Islands on April 16, 2026, Datasea Intelligent Technology Ltd. became the surviving publicly traded holding company. The Company focuses on the development and commercialization of products, services, and solutions across acoustic high-tech and 5G-AI multimodal digitalization. Its acoustic business leverages technologies such as ultrasonic, infrasound and directional sound, with application exploration spanning environmental hygiene, health and wellness, and other smart-scenario uses. Through Datasea Acoustics LLC, the Company is also advancing its U.S. market development strategy as part of its broader international expansion.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook,” “objective,” and similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions and are subject to risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.

Investor and Media Contact:  

Datasea Investor Relations
Email:  investorrelations@shuhaixinxi.com
            sunhezhi@shuhaixinxi.com 

Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

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SOURCE Datasea Inc.

NEW YORK, April 20, 2026 /PRNewswire/ — Cerberus Capital Management, L.P. (together with its affiliates, “Cerberus”), a global alternative investment firm, today announced the closing of a single-asset continuation vehicle for Subsea Communications (“SubCom” or the “Company”), a critical digital infrastructure company and a leading global supplier of turnkey subsea fiber optic cable systems. The continuation vehicle secured approximately $2.3 billion in commitments and was led by CVC Secondary Partners (“CVC SP”).

In connection with the continuation vehicle, Cerberus-managed funds, including funds associated with the firm’s dedicated Supply Chain strategy, made an additional investment in SubCom and Cerberus funds will continue to own a controlling stake in the Company. The new investment, alongside the continuation vehicle, extends Cerberus’ partnership with SubCom and supports the Company’s continued expansion to meet the growing demand for subsea connectivity infrastructure.

Since Cerberus carved out SubCom from TE Connectivity in 2018, the Company has advanced its market leadership position and achieved significant growth. SubCom is the only U.S.-based provider of subsea cable systems and differentiated by its scale and vertically integrated operating platform spanning engineering and planning, manufacturing, marine installation, and maintenance.

Today, subsea cables underpin approximately 99% of intercontinental data traffic and are foundational to the global digital economy. Demand for these systems is accelerating rapidly, driven by the growth of cloud computing, AI, and next-generation connectivity. SubCom’s end-to-end capabilities, global scale, and operational experience position the Company as a key partner in enabling the next era of global data consumption and connectivity.

“SubCom holds a mission-critical role in the infrastructure that connects the world,” said Mike Sanford, Cerberus Global Head of Private Equity and Co-Head of Supply Chain. “Its integrated platform, global capabilities, and operational excellence set it apart in the industry, and we have been proud to partner in SubCom’s strong growth led by Dave Coughlan and his team. We believe SubCom will remain central to building and sustaining the infrastructure behind an increasingly data-driven world, and this milestone reflects that conviction.”

Pat Moriarty, Cerberus Supply Chain Managing Director, added, “SubCom’s management team, alongside Cerberus, have led the Company to new heights over the past seven years. As a global industry leader and the only U.S.-headquartered provider of subsea cable systems, SubCom’s growth opportunities continue to be robust. Our continued partnership through this new investment exemplifies our Supply Chain strategy’s focus on advancing the security and resilience of the U.S. and its allies.”

“SubCom is a trusted global partner for critical digital infrastructure, and the need for what we do has never been greater,” commented Dave Coughlan, Chief Executive Officer of SubCom. “With Cerberus’ continued partnership, we are strategically investing in our platform to meet that global demand at scale. We remain deeply committed to delivering the quality and reliability our customers around the world have depended on for decades in our next chapter of growth.”

“SubCom is a high-quality, mission-critical business at the center of global digital infrastructure, and we are pleased to support its continued growth,” said Rikesh Mohandoss, Partner at CVC Secondary Partners. “This transaction reflects our conviction in SubCom’s market leadership and long-term tailwinds, and we look forward to partnering with Cerberus and management to help drive the Company’s next phase of expansion.”

Evercore, Inc. served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Cerberus in connection with the continuation vehicle.

About Cerberus

Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Through its dedicated Supply Chain strategy, Cerberus seeks to advance the interests of the United States and allied partners in domains critical to the future. For more information, visit  www.cerberus-supplychain.com.

About SubCom

SubCom engineers, manufactures, and installs subsea fiber optic data cables – the unsung heroes of global communication. With an unrelenting focus on quality, reliability, and value, SubCom offers flexible end-to-end building blocks for the high-tech networks that are the backbone of the world’s digital infrastructure. While the company’s origins date back to the mid-19th century, SubCom has deployed enough cable to circle the equator more than 25 times since its entry into the communications industry in 1955. For more information, visit www.subcom.com.

About CVC Secondary Partners

CVC Secondary Partners is a private equity firm focused on secondary private markets globally. Established in 2017 as a spin-off from a leading banking institution, the firm currently manages AUM of $20 billion across funds backed by leading institutional and private investors worldwide. Since 2022, CVC Secondary Partners has been part of leading global private markets manager CVC, having entered into a merger and strategic partnership to enhance combined capabilities and accelerate the development of its platforms. For more information, please visit: www.cvc.com/strategies/secondaries/

Media Contacts

Cerberus
Jason Ghassemi
media@cerberus.com

SubCom
Courtney McDaniel
info@subcom.com

CVC Secondary Partners
Nick Board
nboard@cvc.com

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SOURCE Cerberus Capital Management, L.P.