---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-001454"
form_type: "8-K"
ticker: "CNET"
cik: "0001376321"
company_name: "ZW Data Action Technologies Inc."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T20:39:15.099738+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "low"
source: SEC EDGAR
---

# ZW Data Action Technologies completes acquisition of Rahula Digital Media shares

## Summary
- On March 7, 2025, subsidiary ChinaNet Investment Holding acquired 10,000 shares of Rahula Digital Media (HK) from Vickie Chan.
- Acquisition pursuant to Share Sale and Purchase Agreement dated March 3, 2025; no financial terms disclosed.
- Prior 8-K (March 3, 2025) incorporated by reference for full terms.

## SEC filing metadata
- accession: 0001171843-25-001454
- form_type: 8-K
- ticker: CNET
- cik: 0001376321
- company_name: ZW Data Action Technologies Inc.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: low
- sec_items: 2.01, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/0001171843-25-001454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/f8k_031325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-001454
- JSON: https://secwatch.observer/filing/0001171843-25-001454.json
- Plain text: https://secwatch.observer/filing/0001171843-25-001454.txt

## Key facts
- M&A Transactions
  ZW Data Action Technologies Inc. completed an acquisition involving Vickie Chan (closed 2025-03-07).
  - Action: acquisition
  - Counterparty: Vickie Chan
  - Closing: 2025-03-07
  source text: On March 7, 2025, ChinaNet Investment Holding Limited (the "Purchaser"), a British Virgin Islands company and an indirect wholly-owned subsidiary of ZW Data Action Technologies Inc. (the "Registrant") acquired the 10,000 shares of Rahula Digital Media (HK) Limited, a Hong Kong company (the "Rahula") that Vickie Chan, an individual (the "Seller") owned
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376321/000117184325001454/0001171843-25-001454-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.