- **CNET Technology Limited**, a wholly-owned subsidiary of ZW Data Action Technologies Inc., entered into a **purchase agreement** on **October 28, 2025**, to acquire **9.9% equity interests** in **Modest Attack Limited**.  **[1376321_0001171843-25-006766_f8k_102825.htm:1]** 
- The total consideration for the acquisition is **$1,000,000**, comprising **$625,000 in cash** and **150,000 shares of ZW Data Action Technologies Inc. common stock** valued at **$375,000** ($2.50 per share).  **[1376321_0001171843-25-006766_f8k_102825.htm:1]** **[1376321_0001171843-25-006766_exh_101.htm:4]** 
- Modest Attack Limited is a holding company that, through its subsidiary, primarily engages in providing technology services for developing on-chain services for real world assets (RWAs).  **[1376321_0001171843-25-006766_exh_101.htm:0]** 
- A **refundable deposit of $300,000**, representing 30% of the Purchase Price, was paid by the Purchaser to the Seller.  **[1376321_0001171843-25-006766_exh_101.htm:4]**

ZW Data Action Technologies Inc. Subsidiary Enters Purchase Agreement for Equity Interest in Modest Attack Limited

- On **September 17, 2025**, ZW Data Action Technologies Inc. (CNET), through its wholly-owned subsidiary CNET Technology Limited, entered into a purchase agreement to acquire **19.60% equity interests** in Titans Investment Asset Holdings Limited ("Titans").  **[1376321_0001171843-25-005980_f8k_091925.htm:1]** **[1376321_0001171843-25-005980_exh_101.htm:4]** 
- The total consideration for the acquisition is **$720,000**, comprising **$300,000 in cash** and **200,000 shares of CNET common stock** valued at **$2.10 per share**.  **[1376321_0001171843-25-005980_f8k_091925.htm:1]** **[1376321_0001171843-25-005980_exh_101.htm:4]** 
- Titans Investment Asset Holdings Limited primarily provides **Web 3.0 and digital marketing services** through its subsidiary, Titans Digital Limited.  **[1376321_0001171843-25-005980_exh_101.htm:0]**

ZW Data Action Technologies (CNET)