ZW Data Action Technologies Inc. — fact timeline

ZW Data Action Technologies Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“March 26, 2026, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”) received a notice in the form of a letter (“Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company’s common stock had closed below $1.00 per share for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). The Nasdaq Deficiency Letter has no immediate effect on the listing of the Company’s comm”

ZW Data Action Technologies Inc. issued 608,800 restricted shares of common stock of common stock to accredited and non-US persons and entities for $2.10 per share with total gross proceeds from the transactions amounting to approximately $1,278,480.

“the Company issued a total of 608,800 restricted shares of common stock to the investors, including accredited and non-US persons and entities. The shares of common stock were sold for $2.10 per share with total gross proceeds from the transactions amounting to approximately $1,278,480.”

ZW Data Action Technologies Inc. completed an acquisition involving Vickie Chan (closed 2025-03-07).

“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”

Kelvin Choi was appointed as Director at ZW Data Action Technologies Inc..

“the Company also appointed Fernando Chen and Kelvin Choi as new independent directors.”

Fernando Chen was appointed as Director at ZW Data Action Technologies Inc..

“the Company also appointed Fernando Chen and Kelvin Choi as new independent directors.”

Chung Wang Yiu (Ron) was appointed as Director at ZW Data Action Technologies Inc..

“On that same day, Mr. Chung Wang Yiu (Ron) was appointed to fill the vacancy created from Mr. Pau’s resignation.”

Pau Chung Ho resigned as Director at ZW Data Action Technologies Inc..

“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.”

ZW Data Action Technologies Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“May 1, 2024, the Company received another notice (the “Second Notice”) from Nasdaq indicating that, while the Company has not regained compliance with the Bid Price Requirement, Nasdaq has determined that the Company is eligible for an additional 180-day period, or until October 28, 2024, to regain compliance. According to the Second Notice from Nasdaq, the Staff’s determination was based on (i) the Company meeting the continued listing requirement for market value of its publicly held shares and all other Nasdaq initial listing standards, with the exception of the minimum bid price requiremen”

ZW Data Action Technologies Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

“April 17, 2024, ZW Data Action Technologies Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “2023 Form 10-K”), with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic rep”

ZW Data Action Technologies Inc. reported financial results for the three and nine months ended September 30, 2023.

“On November 20, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”), issued a press release containing certain unaudited financial results for its third fiscal quarter and nine months ended September 30, 2023.”

ZW Data Action Technologies Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“November 1, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”) received a notice in the form of a letter (“Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the bid price for the Company’s common stock had closed below $1.00 per share for the previous 30 consecutive business days (the “Minimum Bid Price Requirement”). The Nasdaq Deficiency Letter has no immediate effect on the listing of the Company’s co”

ZW Data Action Technologies Inc.: Amended Articles of Incorporation to increase authorized common stock from 20,000,000 to 50,000,000 shares, effective upon filing with the Nevada Secretary of State (effective 2023-10-18).

“The amendment to the Articles of Incorporation will become effective upon filing with, and acceptance for record by, the Secretary of State of Nevada.”

ZW Data Action Technologies Inc. shareholders approved Ratification of the Company’s 2023 Omnibus Equity Incentive Plan at the 2023-10-18 meeting.

“Ratification of the Company’s 2023 Omnibus Equity Incentive Plan. For Against Abstain Broker Non-Votes 2,874,635 33,206 8,832 1,414,640”

ZW Data Action Technologies Inc. shareholders approved Amendment to Articles of Incorporation to increase authorized shares of Common Stock at the 2023-10-18 meeting.

“Amendment to Articles of Incorporation to increase authorized shares of Common Stock. For Against Abstain Broker Non-Votes 4,180,618 130,947 19,748 -”

ZW Data Action Technologies Inc. shareholders approved Advisory vote on Executive Compensation at the 2023-10-18 meeting.

“Advisory vote on Executive Compensation. For Against Abstain Broker Non-Votes 2,876,313 34,509 5,851 1,414,640”

ZW Data Action Technologies Inc. shareholders approved Ratification of the Company’s Independent Accountants at the 2023-10-18 meeting.

“The Company’s stockholders ratified the appointment of ARK Pro CPA & Co. as the Company’s independent accountants for fiscal 2023, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes 4,255,910 57,799 17,604 -”

ZW Data Action Technologies Inc. shareholders approved Election of Directors at the 2023-10-18 meeting.

“All of the following five nominees were elected to the Company’s Board of Directors to serve until the next annual meeting and their successors have been elected and qualified, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes Handong Cheng 2,889,937 0 26,736 1,414,640 George Kai Chu 2,889,895 0 26,778 1,414,640 Zhiqing Chen 2,889,088 0 27,585 1,414,640 Chang Qiu 2,889,068 0 27,605 1,414,640 Pau Chung Ho 2,886,680 0 29,993 1,414,640”

ZW Data Action Technologies Inc. reported financial results for the three and six months ended June 30, 2023.

“On August 21, 2023, ZW Data Action Technologies Inc., a Nevada corporation (the “Company”), issued a press release containing certain unaudited financial results for its second fiscal quarter and six months ended June 30, 2023.”

ZW Data Action Technologies Inc. engaged ARK Pro CPA & Co. as its auditor.

“On July 26, 2023, the Company engaged ARK Pro CPA & Co. (“ARK”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately.”

ZW Data Action Technologies Inc. dismissed Centurion ZD CPA & Co. as its auditor.

“On July 26, 2023, the Audit Committee of the Board of Directors of ZW Data Action Technologies Inc. (the “Company”), approved the dismissal of Centurion ZD CPA & Co. (“Centurion”) as independent registered public accounting firm of the Company, effective immediately.”

ZW Data Action Technologies Inc. reported first quarter of 2023 results: revenue $6.32 million, net income Net loss attributable to CNET was approximately $1.14 million, EPS loss per share of $0.16.

“three months ended March 31, 2023. First Quarter 2023 Financial Results Revenues For the first quarter of 2023, revenues decreased by approximately $1.34 million, or 17.5%, to $6.32 million from $7.65 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and related data”

Handong Cheng was appointed as Acting Chief Financial Officer and Secretary at ZW Data Action Technologies Inc..

“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.”

Mark Li resigned as Chief Financial Officer and Secretary at ZW Data Action Technologies Inc..

“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”).”

ZW Data Action Technologies Inc. reported the year ended December 31, 2022 results: revenue $26.24 million, net income $9.79 million, EPS $1.37.

“For the full year of 2022, revenues decreased by $21.09 million, or 44.6%, to $26.24 million from $47.33 million for the last year.”

Chi Wa Chiu resigned as Chief Operating Officer at ZW Data Action Technologies Inc..

“On February 15, 2023, Chi Wa Chiu (“Charles”) resigned as Chief Operating Officer of ZW Data Action Technologies Inc., a Nevada corporation (the “Company”).”

ZW Data Action Technologies Inc.: Approved a 1-for-5 reverse stock split of Common Stock, reducing authorized shares from 100,000,000 to 20,000,000, effective January 18, 2023 (effective 2023-01-18).

“The Reverse Stock Split became effective on January 18, 2023 (the “Effective Date”), and the shares of Common Stock began trading on the split-adjusted basis on the Nasdaq under the Company’s existing trading symbol “CNET” at market open on January 20, 2023.”

ZW Data Action Technologies Inc. shareholders approved Ratification of the Company’s Independent Accountants at the 2022-12-15 meeting.

“2. Ratification of the Company’s Independent Accountants. The Company’s stockholders ratified the appointment of Centurion ZD CPA & Co. as the Company’s independent accountants for fiscal 2022, in accordance with the voting results listed below. For Against Abstain Broker Non-Votes 23,573,701 39,902 579 -”

ZW Data Action Technologies Inc. shareholders approved Election of Directors at the 2022-12-15 meeting.

“1. Election of Directors. All of the following five nominees were elected to the Company’s Board of Directors to serve until the next annual meeting and their successors have been elected and qualified, in accordance with the voting results listed below. For Against Withheld Broker Non-Votes Handong Cheng 17,501,173 0 85,458 6,027,551 George Kai Chu 17,501,633 0 84,998 6,027,551 Zhiqing Chen 17,501,473 0 85,158 6,027,551 Chang Qiu 17,501,269 0 85,362 6,027,551 Pau Chung Ho 17,491,893 0 94,738 6,027,551”

ZW Data Action Technologies Inc. reported the first nine months of 2022 results: revenue $21.81 million.

“For the first nine months of 2022, revenues decreased by $13.03 million, or 37.4%, to $21.81 million from $34.85 million for the same period last year.”

ZW Data Action Technologies Inc. reported the third quarter of 2022 results: revenue $7.22 million, net income ($2.84 million), EPS ($0.08).

“For the third quarter of 2022, revenues decreased by $4.68 million, or 39.4%, to $7.22 million from $11.90 million for the same period last year.”