ZW Data Action Technologies effects 1-for-4 reverse stock split to regain Nasdaq compliance

ZW Data Action Technologies Inc.

1-for-4 reverse stock split effective September 30, 2024; trading symbol unchanged (CNET).
Authorized shares reduced from 50M to 12.5M; issued and outstanding proportionally reduced.
Reverse stock split aims to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
No fractional shares issued; rounding up to nearest whole share.
Board approved without stockholder approval under Nevada law.

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