ZW Data Action Technologies Inc.

Item 1.01 Entry into a Material Definitive Agreement. On July 30, 2026, ZW Data Action Technologies Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Agreement 1”) with Amber Strong International Limited, a British Virgin Islands business company (the “Purchaser 1”), pursuant to which the Purchaser 1 agreed to purchase 150,000 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$217,500, representing a purchase price of US$1.45 per share. The closing shall take place on the date mutually agreed by the parties, subject to the closing conditions contained in the Agreement. On the date that the Agreement 1 was signed, the Purchaser 1 also entered into a lock-up agreement with the Company, whereby the Purchaser 1 agreed not to transfer the shares until six-month anniversary of the date of the Agreement 1. On July 30, 2026, the Company entered into a Securities Purchase Agreement (the “Agreement 2”) with Marvel Investment Limited, a British Virgin Islands business company (the “Purchaser 2”), pursuant to which the Purchaser 2 agreed to purchase 300,000 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$435,000, representing a purchase price of US$1.45 per share. Purchaser 2 is owned and controlled by Geroge Chu, the Company’s director. The closing shall take place on the date mutually agreed by the parties, subject to the closing conditions contained in the Agreement 2. On the date that the Agreement 2 was signed, the Purchaser 2 also entered into a lock-up agreement with the Company, whereby the Purchaser 2 agreed not to transfer the shares until six-month anniversary of the date of the Agreement 2. On July 30, 2026, the Company entered into a Securities Purchase Agreement (the “Agreement 3”) with Matrix International Limited, a British Virgin Islands business company (the “Purchaser 3”), pursuant to which the Purchaser 3 agreed to purchase 150,000 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$217,500, representing a purchase price of US$1.45 per share. The closing shall take place on the date mutually agreed by the parties, subject to the closing conditions contained in the Agreement 3. On the date that the Agreement 3 was signed, the Purchaser 3 also entered into a lock-up agreement with the Company, the Purchaser 3 agreed not to transfer the shares until six-month anniversary of the date of the Agreement 3. On July 30, 2026, the Company entered into a Securities Purchase Agreement (the “Agreement 4”) with Optimal Success Investments Limited, a British Virgin Islands business company (the “Purchaser 4”), pursuant to which the Purchaser 4 agreed to purchase 150,000 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$217,500, representing a purchase price of US$1.45 per share. The closing shall take place on the date mutually agreed by the parties, subject to the closing conditions contained in the Agreement 4. On the date that the Agreement 4 was signed, the Purchaser 4 also entered into a lock-up agreement with the Company, the Purchaser 4 agreed not to transfer the shares until six-month anniversary of the date of the Agreement 4. On July 30, 2026, the Company entered into a Securities Purchase Agreement (the “Agreement 5”) with Global Yeh Family Ltd, a Republic of China (ROC) business company (the “Purchaser 5”), pursuant to which the Purchaser 5 agreed to purchase 250,000 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$362,500, representing a purchase price of US$1.45 per share. The closing shall take place on the date mutually agreed by the parties, subject to the closing conditions contained in the Agreement 5. On the date that the Agreement 5 was signed, the Purchaser 5 also entered into a lock-up agreement with the Company, the Purchaser 5 agreed not to transfer the shares until six-month anniversary of the date of the Agreement 5. Copies of the securities purchase agreements and the lock-op agreements are attached to this Current Report on Form 8-K as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5, and are incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities. The disclosure required by this Item and included in Item 1.01 of this Current Report is incorporated herein by reference. The shares were sold without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act and Regulations D and S promulgated thereunder as sales to accredited investors and in reliance on similar exemptions under applicable state laws.