ZW Data Action Technologies Inc.

ZW Data Action Technologies Inc. entered into five Securities Purchase Agreements on July 30, 2026, to sell a total of 1,000,000 shares of common stock at $1.45 per share. The aggregate purchase price for these unregistered sales is $1,450,000. One of the purchasers, Marvel Investment Limited, is controlled by George Chu, a company director. All purchasers agreed to a six-month lock-up period for their shares.

ZW Data Action Technologies Inc. announced that its stockholders approved an amendment to the Company's Articles of Incorporation. This amendment increases the number of authorized shares of common stock from 12,500,000 shares to 200,000,000 shares. The change became effective on July 24, 2026, after being filed with the Secretary of State of Nevada.

ZW Data Action Technologies Inc. announced its Annual Meeting of Stockholders to be held on July 22, 2026, in Hong Kong. Key proposals include the election of five directors, ratification of the independent accountants, and approval of the 2026 Omnibus Equity Incentive Plan. Most notably, the company seeks to amend its articles of incorporation to significantly increase the number of authorized common shares from 12.5 million to 200 million.

ZW Data Action Technologies Inc. reported a significant decline in Q1 2026 revenue, which plunged 76.8% to $383K from $1,652K in the prior year. Despite this, the company achieved a net income of $126K, an improvement from a net loss of $531K in Q1 2025, primarily driven by a reversal of allowance for credit losses. The company issued a going concern warning due to continued negative cash flows from operations and the necessity of securing additional financing. Furthermore, ZW Data Action Technologies Inc. highlighted ongoing regulatory uncertainty regarding PCAOB inspections of its Hong Kong auditor and the potential for delisting under the Holding Foreign Companies Accountable Act (HFCAA).