Fernando Chen
the Company also appointed Fernando Chen and Kelvin Choi as new independent directors.
Highest-materiality recent filing
ZW Data Action Tech subsidiary to acquire 8% stake in Margo Asia for $600K in cash and stock
CNET Technology Ltd, unit of ZW Data, to acquire 8% of Margo Asia for $474K cash and 180K shares ($126K).
ZW Data Action Technologies receives Nasdaq deficiency notice for bid price below $1.00
Received Nasdaq Deficiency Letter on March 26, 2026 for non-compliance with minimum bid price requirement (bid price below $1.00 for 30 consecutive business days).
Seven directors elected: Handong Cheng, George Kai Chu, Zhiqing Chen, Chang Qiu, Chung Wang Yiu (Ron), Fernando Chen I-Ting, Justin Tam.
ZW Data acquires 9.9% stake in Modest Attack Ltd for $1M to expand RWA blockchain services
Consideration: $625K cash and 150K shares of CNET common valued at $2.50/sh ($375K), total $1M.
ZW Data Action Technologies issues 608,800 restricted shares at $2.10 for $1.28M gross proceeds
Issued 608,800 restricted common shares at $2.10 per share to accredited and non-US investors.
ZW Data subsidiary acquires 19.6% stake in Titans Investment for $720K
Total consideration: $300K cash + 200K shares of ZW Data common stock valued at $2.10/share ($420K).
ZW Data Action Tech raises $778,260 via sale of 370,600 shares at $2.10 each
Agreed to sell 119,100 shares to Golden Harvest Trust (Purchaser 1) for $250,110.
ZW Data Action issues 358,424 restricted shares for ~$1.08M gross proceeds
Issued 358,424 restricted shares of common stock at $3.0 per share on June 10, 2025.
ZW Data Action Technologies raises $750k in private placements of 357,300 shares at $2.10 each
Three purchasers each acquire 119,100 shares at $2.10/share, for aggregate proceeds of $750,330.
ZW Data Action Technologies completes acquisition of Rahula Digital Media shares
On March 7, 2025, subsidiary ChinaNet Investment Holding acquired 10,000 shares of Rahula Digital Media (HK) from Vickie Chan.
ZW Data Action Tech to acquire Rahula Digital Media for $600k
Subsidiary ChinaNet Investment Holding to buy 100% of Rahula Digital Media (HK) from Vickie Chan for US$600,000.
ZW Data Action Tech raises $500K via sale of 238,200 shares in private placements
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.
ZW Data Action raises $500,220 via two private placements of common stock at $2.10/share
Entered Securities Purchase Agreements on Jan 2 and Jan 3, 2025, each selling 119,100 shares at $2.10/share.
ZW Data Action Tech director Kevin Choi resigns; Justin Tam appointed as independent director
Kevin Choi resigned as independent director on Dec 27, 2024; resignation not due to any disagreement with the Company.
ZW Data Action annual meeting elects directors, ratifies auditors and equity plan
Seven director nominees elected with over 624K votes for each; broker non-votes 435,517.
ZW Data Action appoints three new independent directors following resignation of Pau Chung Ho
Pau Chung Ho resigned as director and from all committees effective Oct 3, 2024; no disagreement with the company.
ZW Data Action Technologies effects 1-for-4 reverse stock split to regain Nasdaq compliance
1-for-4 reverse stock split effective September 30, 2024; trading symbol unchanged (CNET).
ZW Data Action raises $269k in related-party private placement at $0.75/share
Sold 358,424 shares at $0.75 each to Marvel Investment Limited for aggregate $268,818.
ZW Data Action Technologies announces 1-for-4 reverse stock split to regain Nasdaq compliance
Board approved 1-for-4 reverse stock split; effective September 30, 2024.
ZW Data Action raises $538K from two investors in unregistered stock sales
Two securities purchase agreements with Optimal Success and Amber Strong for 358,424 shares each at $0.75/share.
ZW Data Action Technologies sells 358,424 shares at $0.75 each in private placement
Fryhigh Fintech Holdings purchased 358,424 common shares for $268,818 at $0.75/share.
Nasdaq confirms ZW Data Action Technologies regained compliance with periodic filing requirement
Received Nasdaq letter on July 31, 2024 confirming compliance after filing delinquent Form 10-K and Form 10-Q.
ZW Data Action Tech FY2023 revenue $30.59M (+16.6%); net loss $5.97M
Revenue increased 16.6% to $30.59M, driven by SME advertising demand after COVID restrictions lifted.
ZW Data Action receives second Nasdaq delinquency notice for late Q1 10-Q; faces delisting risk
Nasdaq notified on May 17, 2024 that Q1 2024 Form 10-Q was not timely filed, adding to prior 2023 10-K delinquency.
ZW Data Action Technologies gets Nasdaq extension to cure bid price deficiency until Oct 28, 2024
Received second notice granting additional 180-day compliance period through October 28, 2024.
ZW Data Action receives Nasdaq delisting notice for late 10-K filing
Nasdaq notice under Rule 5250(c)(1) for failure to file 2023 Form 10-K by April 17, 2024.
ZW Data Action Q3 revenue up 27% to $9.18M, net loss narrows to $1.52M
Q3 revenue $9.18M (+27.2% YoY); net loss $1.52M ($0.21 EPS) vs $2.84M ($0.40) YoY; operating loss margin improved to 17% from 25%.
ZW Data Action Technologies receives Nasdaq deficiency notice for bid price below $1
Received Nasdaq deficiency letter on Nov 1, 2023 for bid price closing below $1 for 30 consecutive business days.
ZW Data shareholders approve increasing authorized shares from 20M to 50M
Authorized common stock increased from 20M to 50M shares; 4.18M for, 130K against, 20K abstain.
ZW Data Action Q2 revenue up 41%, net loss narrows to $1.4M; H1 net loss $2.55M
Q2 revenue $9.82M (+41% YoY); net loss $1.40M ($0.19 per share) vs $1.71M loss YoY.
ZW Data Action Technologies dismisses Centurion ZD, appoints ARK Pro CPA as auditor
Dismissed Centurion ZD CPA & Co. as independent auditor, effective July 26, 2023.
ZW Data Action Q1 revenue down 17.5% to $6.32M; net loss widens to $1.14M
Revenue fell to $6.32M from $7.65M YoY, driven by COVID-19 impact on SME clients.
ZW Data Action CFO Mark Li resigns; CEO Handong Cheng appointed acting CFO
CFO and Secretary Mark Li resigned effective May 4, 2023, with no disagreement with the Company.
ZW Data Action Tech reports FY2022 net loss of $9.79M; revenue down 44.6% to $26.24M
Revenue fell to $26.24M from $47.33M, driven by COVID-19 impact on SME clients in China.
ZW Data Action Technologies COO Chi Wa Chiu resigns effective Feb 15, 2023
Chi Wa Chiu ('Charles') resigned as Chief Operating Officer on Feb 15, 2023.
ZW Data enacts 1-for-5 reverse stock split to regain Nasdaq compliance
Reverse stock split at ratio 1-for-5 effective January 18, 2023; trading on split-adjusted basis begins January 20.
ZW Data Action Technologies announces 1-for-5 reverse stock split to regain Nasdaq compliance
Board approved 1-for-5 reverse stock split of common stock, effective January 18, 2023.
Five directors (Handong Cheng, George Kai Chu, Zhiqing Chen, Chang Qiu, Pau Chung Ho) elected with over 17.4M For votes each.
ZW Data Q3 2022 revenue falls 39% to $7.22M; net loss widens to $2.84M
Revenue $7.22M, down 39.4% YoY; net loss $2.84M ($0.08 loss per share) vs net income $1.38M ($0.04 EPS) last year.
ZW Data Action Q2 revenue falls 52% to $6.95M; net loss narrows to $1.71M
Q2 revenue $6.95M, down 52.3% YoY; cost of revenue down 52.4% to $7.03M.
ZW Data Action gets second Nasdaq extension to Feb 13, 2023 to cure bid price deficiency
Received Nasdaq notice on Aug 17, 2022 granting additional 180 days until Feb 13, 2023 to cure $1.00 minimum bid price deficiency.
ZW Data Action Q1 2022 revenue down 8.9% to $7.65M; net loss $0.72M vs prior year net income
Revenue $7.65M, down 8.9% YoY; gross profit turned positive to $0.13M from gross loss of $0.72M.
ZW Data Action Tech reports FY2021 revenue up 23% but operating loss widens to $13.6M
Revenue $47.33M (+23.2% YoY); gross profit fell to $0.10M (0.2% margin vs 1.6%).
ZW Data Action Technologies receives Nasdaq bid price deficiency notice
Nasdaq notified company on Feb 17, 2022 that common stock failed to meet $1.00 minimum bid for 30 consecutive business days.
ZW Data Action reports Q3 net income $1.38M vs loss; blockchain/NFT platform launched
Q3 2021 revenue $11.90M, down 3.3% YoY; net income $1.38M ($0.04 EPS) vs net loss $1.33M ($0.06 loss) in Q3 2020.
ZW Data Action Q2 revenue up 39.7% to $14.55M; net loss widens to $3.65M
Q2 revenue $14.55M (+39.7% YoY); H1 revenue $22.95M (+55% YoY).
ZW Data Action shareholders approve doubling authorized common shares to 100M
Shareholders approved increase of authorized common shares from 50M to 100M; amendment to be filed in Nevada.
the Company also appointed Fernando Chen and Kelvin Choi as new independent directors.
On that same day, Mr. Chung Wang Yiu (Ron) was appointed to fill the vacancy created from Mr. Pau’s resignation.
the Company also appointed Fernando Chen and Kelvin Choi as new independent directors.
On Octomber 3, 2024, Pau Chung Ho resigned as a director of ZW Data Action Technologies Inc. (the “Company”) and as a member of the Company’s audit, compensation, and nominating and corporate governance committees.
On the same date, the board of directors of the Company, by unanimous written consent, appointed Mr. Handong Cheng, Chief Executive Officer of the Company, to serve as Acting Chief Financial Officer and Secretary of the Company.
On May 4, 2023, Mr. Mark Li resigned as Chief Financial Officer and Secretary of ZW Data Action Technologies Inc., a Nevada corporation (the “Company”).
On February 15, 2023, Chi Wa Chiu (“Charles”) resigned as Chief Operating Officer of ZW Data Action Technologies Inc., a Nevada corporation (the “Company”).
Max materiality 0.75 · Median 0.50 · Most common event other_material