Zw data action technologies inc. announces reverse stock split

Beijing, jan. 17, 2023 (globe newswire) -- zw data action technologies inc. (nasdaq: cnet) (“zw data” or the “company”), an integrated online advertising, precision marketing, data analytics, and other value-added services company, announced today that its board of directors has approved a reverse stock split of its common stock, par value $0.001 per share (the “common stock”) at a ratio of 1-for-5 (the “reverse stock split”). the reverse stock split is expected to become effective on january 18, 2023 (the “effective date”), and the shares are expected to begin trading on the split-adjusted basis on the nasdaq under the company's existing trading symbol “cnet” at market open on january 20, 2023, upon nasdaq's approval. the new cusip number following the reverse stock split will be 98880r 208.
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