ZW Data Action Tech raises $500K via sale of 238,200 shares in private placements

ZW Data Action Technologies Inc.

On Jan 15 and Jan 17, 2025, sold 119,100 shares each to two investors at $2.1/share for total proceeds of $500,250.
Purchasers: Eternity Star Development Ltd (BVI) and Chaucer Investment & Consulting Ltd (Hong Kong).
Each purchaser signed a six-month lock-up agreement restricting share transfers.
Shares issued without registration under Section 4(a)(2) of Securities Act and Regulations D and S.
No material change in business or operations disclosed; proceeds use not specified.

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