ZW Data Action Technologies sells 358,424 shares at $0.75 each in private placement

ZW Data Action Technologies Inc.

Fryhigh Fintech Holdings purchased 358,424 common shares for $268,818 at $0.75/share.
Shares are unregistered, relying on exemptions under Section 4(a)(2) and Regulation D/S.
Purchaser agreed to a six-month lock-up on the shares from August 23, 2024.
Closing occurred on a date mutually agreed; standard closing conditions apply.

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