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ZW Data Action Technologies Inc. amended its Articles of Incorporation to increase the number of authorized common shares, par value $0.001, from 12,500,000 to 200,000,000. The amendment became effective upon filing with and acceptance by the Secretary of State of Nevada on July 24, 2026.
The increase in authorized common stock was approved by stockholders at the Company’s Annual Meeting of Stockholders held on July 22, 2026. A copy of the amendment is referenced as Exhibit 3.1.
ZW Data Action Technologies Inc. held its annual meeting of stockholders on July 22, 2026, where stockholders elected all nominated directors, ratified the independent accountants, approved a 2026 omnibus equity incentive plan, and approved an increase in the number of authorized shares of stock.
Ratification of ARK Pro CPA & Co. as independent accountants for fiscal 2026 received 2,492,296 votes for, 56,386 against, and 197 abstentions. Approval of the 2026 Omnibus Equity Incentive Plan received 2,232,467 votes for, with 29,012 against and 632 abstentions, plus 286,768 broker non-votes.
ZW Data Action Technologies Inc. announced that its wholly owned British Virgin Islands subsidiary, CNET Technology Limited, signed a purchase agreement to acquire an 8.0% equity interest in MARGO ASIA LIMITED from AFFIRM MISSION LIMITED.
As consideration, CNET Technology Limited will pay the seller $474,000 in cash and cause ZW Data to issue 180,000 shares of common stock, valued in total at $126,000 based on a price of $0.70 per share. The closing of the acquisition is subject to customary terms and conditions described in the Acquisition Agreement dated June 26, 2026, which is filed as an exhibit.
ZW Data Action Technologies Inc. is asking stockholders to approve several governance and compensation items at its annual meeting on July 22, 2026 in Hong Kong. Stockholders will vote on electing five directors and ratifying ARK Pro CPA & Co. as auditor for 2026.
The ballot also includes ratifying a 2026 Omnibus Equity Incentive Plan covering up to 500,000 common shares and amending the articles of incorporation to increase authorized common stock from 12,500,000 to 200,000,000 shares. The company details board structure, committee activity, executive and director pay, audit fees and pay-versus-performance data.
ZW Data Action Technologies Inc. is soliciting proxies for its Annual Meeting to be held on July 22, 2026 in Hong Kong. Shareholders will vote to elect five directors and on routine corporate matters, including ratifying auditors, approving an equity plan, and increasing authorized common stock.
Key proposals include: election of five (5) directors; ratification of ARK Pro CPA & Co. as independent accountants; approval of a 2026 Omnibus Equity Incentive Plan reserving 500,000 shares; and an amendment to increase authorized common stock from 12,500,000 to 200,000,000 shares.
ZW Data Action Technologies Inc. reported first-quarter 2026 revenue of $0.38 million, sharply lower than $1.65 million a year earlier as demand for its advertising and marketing services softened. Despite this, the company posted net income of $0.13 million, compared with a prior net loss of $0.53 million, mainly because it reversed earlier credit loss allowances.
Operating cash flow remained negative at -$0.29 million, and cash and cash equivalents were $0.72 million with working capital of about $2.52 million. Management highlights an ongoing shift toward AI services, IP licensing and blockchain-based SaaS, but also states that recurring losses, limited liquidity and reliance on new financing raise substantial doubt about the company’s ability to continue as a going concern. The filing also reiterates regulatory risks tied to PCAOB access and the Holding Foreign Companies Accountable Act.
George Kai Chu filed a Schedule 13D reporting a 7.1% ownership stake in ZW Data Action Technologies Inc. He beneficially owns 260,833 shares of common stock, based on 3,668,429 shares outstanding.
Chu directly holds 171,227 shares and may share beneficial ownership over 89,606 shares held by Marvel Investment Limited, where he is a shareholder. Of his holdings, 165,000 shares were recently awarded by the board as compensation for services in his role as a director of the company.
ZW Data Action Technologies director Chu Kai reported new share acquisitions. On April 22, 2026, he was awarded 165,000 shares of common stock as compensation for services, with no cash consideration, increasing his direct holdings to 260,833 shares.
Separately, a prior transaction shows Marvel Investment Limited, a British Virgin Islands company owned and controlled by Chu Kai, agreed on September 25, 2024 to purchase 89,606 shares for $268,818. This purchase was completed in the P.R. China on June 10, 2025, and is reported as an indirect holding.
ZW Data Action Technologies Inc. reports a sharp revenue decline as it shifts its core business outside mainland China while narrowing losses. Total revenue fell to US$4.61 million for the year ended December 31, 2025, down from US$15.44 million in 2024, mainly due to winding down low‑margin search engine marketing in the PRC.
Net loss attributable to stockholders improved to US$1.77 million from US$3.76 million, helped by a focus on higher‑margin influencer and digital marketing services and blockchain-based SaaS offerings. Internet advertising and related services produced US$3.7 million of revenue, or 81% of the total, while blockchain-based SaaS contributed US$0.62 million and newly acquired IP licensing generated US$0.26 million.
The company highlights substantial risks tied to its China-centered structure, including reliance on variable interest entities, PRC regulatory uncertainty, historical PCAOB inspection limits on its Hong Kong auditor, and potential delisting under the HFCAA. It also discloses a Nasdaq minimum bid price deficiency notice received in March 2026, which could ultimately threaten its Nasdaq Capital Market listing if not cured.
ZW Data Action Technologies Inc. received a Nasdaq notice on March 26, 2026 that its common stock no longer meets the exchange’s minimum bid price rule because shares closed below $1.00 for 30 consecutive business days. The stock will continue trading on the Nasdaq Capital Market under the symbol CNET for now.
The company has until September 22, 2026 to regain compliance by having its bid price at or above $1.00 for at least 10 consecutive business days. If it qualifies, it may receive an additional 180-day period and could use measures such as a reverse stock split to cure the deficiency. If compliance is not restored, Nasdaq may move to delist the shares, and the company could appeal that decision.