ZW Data Action Technologies announces 1-for-5 reverse stock split to regain Nasdaq compliance

ZW Data Action Technologies Inc.

Board approved 1-for-5 reverse stock split of common stock, effective January 18, 2023.
Split-adjusted trading begins January 20, 2023 under symbol CNET (new CUSIP 98880R 208).
Authorized shares reduced from 100M to 20M; no fractional shares issued, rounding up.
Purpose: to regain compliance with Nasdaq $1.00 minimum bid price requirement.
Stockholders need not take action; brokerage accounts automatically adjusted.

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