ZW Data buys 8% of Margo Asia in cash-and-stock deal

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.

Rhea-AI Filing Summary

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.

Insights

Equity valuation and M&A analyst

ZW Data is using a small cash-and-stock deal to add an 8% stake in Margo Asia.

The agreement has CNET Technology Limited, a subsidiary of ZW Data, acquiring an 8.0% equity interest in Margo Asia. The consideration mixes $474,000 in cash with common stock valued at $126,000, priced at $0.70 per share.

This structure spreads cost between cash and equity, resulting in the issuance of 180,000 new shares. The filing notes that closing is subject to customary conditions in the June 26, 2026 Acquisition Agreement, so completion depends on those conditions being met.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Equity interest acquired: 8.0% equity interest Cash consideration: $474,000 Stock consideration value: $126,000 +4 more

7 metrics

Equity interest acquired 8.0% equity interest Stake in MARGO ASIA LIMITED under Acquisition Agreement

Cash consideration $474,000 Cash paid by CNET Technology Limited to Seller

Stock consideration value $126,000 Total value of ZW Data common stock issued

Shares issued 180,000 shares ZW Data common stock issued to Seller

Share valuation $0.70 per share Agreed value for ZW Data common stock in deal

Agreement date June 26, 2026 Date of Purchase (Acquisition) Agreement

Total stated consideration $600,000 $474,000 cash plus $126,000 in stock

Key Terms

Material Definitive Agreement, Purchase Agreement, wholly-owned subsidiary, equity interests, +2 more

6 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Purchase Agreement regulatory

"entered into a purchase agreement (the “Acquisition Agreement”)"

A purchase agreement is a legally binding contract that spells out exactly what is being bought, for how much, and under what conditions, including timelines, seller and buyer promises, and protections if things go wrong. For investors it matters because the agreement fixes the deal’s price, risks and closing conditions—like a detailed receipt and return policy for a large transaction—so it helps determine whether the deal will complete and how it will affect the company’s value and cash flow.

wholly-owned subsidiary financial

"CNET Technology Limited (the “Purchaser”), a wholly-owned subsidiary of ZW Data"

A wholly-owned subsidiary is a company whose entire ownership is held by another company, called the parent, so the parent controls all shares, board appointments and major decisions. For investors this matters because the subsidiary’s profits, losses, assets and liabilities are treated as part of the parent’s financial picture, affecting valuation and risk exposure — imagine a parent owning a single storefront outright and consolidating its receipts and bills into the parent’s books.

equity interests financial

"the Seller will sell its 8.0% equity interests in Margo"

Equity interests are an ownership stake in a company—usually represented by shares or membership units—that give the holder a claim on the business’s profits, assets and sometimes voting power. Think of it as owning one or more slices of a company’s pie: the bigger your slice, the larger your share of dividends, capital gains and influence, and the more you are affected by dilution or company losses. Investors use equity interests to measure value, control and potential returns.

customary terms and conditions regulatory

"The closing of the acquisition is subject to customary terms and conditions"

Exhibit 10.1 regulatory

"Purchase Agreement, dated June 26, 2026"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did ZW Data Action Technologies (CNET) disclose in this 8-K?

ZW Data Action Technologies disclosed that its subsidiary CNET Technology Limited agreed to acquire an 8.0% equity interest in MARGO ASIA LIMITED from AFFIRM MISSION LIMITED under a purchase agreement dated June 26, 2026, using a mix of cash and company stock.

How much is ZW Data paying for the 8% stake in Margo Asia?

The consideration totals $600,000, combining $474,000 in cash and company stock valued at $126,000. The stock portion consists of 180,000 shares of ZW Data common stock, which are valued at $0.70 per share under the agreement’s terms.

How many ZW Data (CNET) shares are being issued in this acquisition?

ZW Data will issue 180,000 shares of its common stock to the seller as part of the acquisition consideration. These shares are valued at a total of $126,000, based on an agreed price of $0.70 per share in the purchase agreement.

Who are the parties involved in ZW Data’s Margo Asia transaction?

CNET Technology Limited, a wholly owned subsidiary of ZW Data, is the purchaser. AFFIRM MISSION LIMITED is the seller, and MARGO ASIA LIMITED is the company whose 8.0% equity interest is being acquired, with all three entities organized in the British Virgin Islands.

Is the acquisition of the 8% Margo Asia stake by ZW Data already closed?

No, the acquisition has not yet closed. The filing states that closing of the purchase of the 8.0% equity interest in Margo Asia is subject to customary terms and conditions detailed in the June 26, 2026 Acquisition Agreement filed as an exhibit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/30/2026 - 04:05 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 26, 2026

ZW Data Action Technologies Inc.

(Exact Name of Registrant as Specified in Charter)

Nevada		001-34647		20-4672080
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

8/F. 29 Des Voeux Road Central, Central,

Hong Kong Special Administrative Region of the People’s Republic of China

(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: +852 2669-8078

___________________________________________

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		CNET		NASDAQ Capital Market

Item 1.01 Entry into a Material Definitive Agreement.

On June 26, 2026, CNET Technology Limited (the “Purchaser”), a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the “Company”) in the British Virgin Islands, entered into a purchase agreement (the “Acquisition Agreement”) with AFFIRM MISSION LIMITED, a British Virgin Islands company (the “Seller”) and MARGO ASIA LIMITED, a British Virgin Islands company (“Margo”), pursuant to which the Seller will sell its 8.0% equity interests in Margo (the “Equity Interests”) to the Purchaser. In consideration for the Equity Interests, the Purchaser shall pay to the Seller $474,000 in cash and cause the Company to issue 180,000 shares of common stock of the Company, having a total value of $126,000 and valued at $0.70 per share, to the Seller. The closing of the acquisition is subject to customary terms and conditions as set forth in the Acquisition Agreement.

A copy of the Acquisition Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
10.1	Purchase Agreement, dated June 26, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 30, 2026		ZW Data Action Technologies Inc.
	By:	/s/ Handong Cheng
		Name: Handong Cheng Title: Chief Executive Officer and Acting Chief Financial Officer

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 161.9 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB