Material Agreement Form 8 K

1.01 Entry into a Material Definitive Agreement.

On September 25, 2024, ZW Data Action Technologies Inc. (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with Marvel Investment Limited, a British Virgin Island company, which is owned and controlled by George Kai Chu, a director of the Company (the "Purchaser"), pursuant to which the Purchaser agreed to purchase 358,424 shares of common stock of the Company, par value $0.001 per share for an aggregate purchase price of US$268,818. 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 was signed, the Purchaser also entered into a lock-up agreement with the Company, whereby the Purchaser agreed not to transfer the shares until six-month anniversary of the date of the Agreement.

Copies of the securities purchase agreement and the lock-op agreement are attached to this Current Report on Form 8-K as Exhibits 10.1, 10.2 and are incorporated herein by reference.