ZW Data Action Technologies Files Definitive Proxy Statement

TL;DR

ZW Data Action Tech (ZDAT) filed its DEF 14A proxy statement. Shareholders vote soon.

AI Summary

ZW Data Action Technologies Inc. filed a definitive proxy statement (DEF 14A) on October 22, 2024, for its fiscal year ending December 31, 2024. The filing provides information required for its annual shareholder meeting, including details about the company's operations and governance. The company is incorporated in Nevada and headquartered in Beijing, China, with a US mailing address in Allen, Texas.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda and proposals for the company's annual meeting, impacting corporate governance and future strategic decisions.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine but can contain information about significant corporate events or proposals that may affect stock value.

Key Numbers

• 20241213 — Fiscal Year End (The proxy statement pertains to the company's performance and governance leading up to this date.)
• 20241022 — Filing Date (This is the date the definitive proxy statement was submitted to the SEC.)

Key Players & Entities

• ZW Data Action Technologies Inc. (company) — Registrant
• 0001171843-24-005743 (filing_id) — Accession Number
• 20241022 (date) — Filing Date
• 20241213 (date) — Fiscal Year End
• ChinaNet Online Holdings, Inc. (company) — Former Company Name
• EMAZING INTERACTIVE, INC. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.001 — 6,213 shares of common stock, par value $0.001 per share (the “Common Stock&rdqu

Filing Documents

• def14a_102224.htm (DEF 14A) — 303KB
• 0001171843-24-005743.txt ( ) — 304KB

SECURITY OWNERSHIP OF CERTAIN

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth certain information regarding beneficial ownership of Common Stock, as of the record date of the meeting, by each of the Company’s directors and executive officers; all executive officers and directors as a group, and each person known to the Company to own beneficially more than 5% of Company’s Common Stock. Except as otherwise noted, the persons identified have sole voting and investment powers with respect to their shares. Common Stock Name of Beneficial Owner (1) Number of Shares*** Percent of Class (2) Handong Cheng (3)(5) 276,774 12.72 % George Kai Chu (6) 6,227 * Zhiqing Chen (7) 3,500 * Chang Qiu (8) 22,500 1.03 % Pau Chung Ho** Chung Wang Yiu (Ron) - - Fernando Chen I-Ting - - Kelvin Choi Hio Tong - - All Directors and Executive Officers as a Group (7 persons) 309,001 14.20 % Rise King Investments Limited (3)(4) 147,099 6.76 % Zhige Zhang (3)(9) 148,264 6.81 % Xuanfu Liu (3)(10) 149,599 6.87 % ____________________ * Less than one percent. ** Mr. Pau resigned as a director and a member of the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee, effective on October 3, 2024, whose role was replaced by Mr. Yiu, effective the same date. *** The number of shares was restated to reflect the retrospective effect of the 1-for-4 reverse stock split on September 30, 2024. (1) The address of each director and executive officer is c/o ZW Data Action Technologies Inc., 10 th Floor, Tower A, No. 68 First Helong Road, Baiyun District, Guangzhou City, Guangdong Province, PRC 510440. (2) Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of Common Stock subject to securities anticipated to be exercisable or convertible at or within 60 days of October 10, 202

Description of Securities

Description of Securities As of the record date of this meeting, our authorized capital stock consists of 32,500,000 shares, consisting of 12,500,000 shares of common stock par value $.001 per share, and 20,000,000 shares of preferred stock, par value $.001 per share. Pursuant to our articles of incorporation, our board of directors has the authority to provide for the issuance, in one or more series, of our authorized preferred stock and to fix or alter the rights, preferences, privileges and restrictions granted to or imposed upon any series of our preferred stock. As of December 31, 2023, we had 7,204,506 shares of common stock issued and outstanding, which number was restated to reflect the retrospective effect of the 1-for-5 reverse stock split on January 18, 2023. None of our preferred stock is currently outstanding. As of the record date of this meeting, we had 2,176,213 shares of common stock issued and outstanding, which number was restated to reflect the retrospective effect of the 1-for-4 reverse stock split on September 30, 2024. 7 PROPOSAL 1 ELECTION OF DIRECTORS Nominees of the Board of Directors The Board, upon the recommendation of the Nominating and Corporate Governance Committee, has nominated the persons identified below for election as directors, to serve until the next annual meeting and until their successors have been elected and qualified, unless such directors resign or are terminated prior thereto. If any nominee becomes unavailable for election, which is not expected, the persons named in the accompanying proxy intend to vote for any substitute whom the Board nominates. Name Age Other positions with Company; other directorships held In last five years Has served as Company director since Handong Cheng 53 Chairman of the Board, Chief Executive Officer, Acting Chief Financial Officer, President and Secretary September 2007 George Kai Chu 48 Director June 2015 Zhiqing Chen 51 Independent Non-Executive D

View Full Filing

View this DEF 14A filing on SEC EDGAR