ZW Data Action raises $269k in related-party private placement at $0.75/share

ZW Data Action Technologies Inc.

Sold 358,424 shares at $0.75 each to Marvel Investment Limited for aggregate $268,818.
Purchaser is controlled by director George Kai Chu, making the sale a related-party transaction.
Shares are unregistered, sold under exemptions per Section 4(a)(2) and Regulation D/S.
Purchaser agreed to a six-month lock-up prohibiting transfer of the shares.
Closing is subject to mutual agreement; no specific date set.

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