CNET 8-K
ZW Data Action Technologies Inc. (CNET)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On Octomber 3, 2024, Pau Chung Ho resigned as a director of ZW Data Action Technologies Inc. (the “Company”) and as a member of the Company’s audit, compensation, and nominating and corporate governance committees. Mr. Pau’s resignation did not result from any disagreement with the Company.
On that same day, Mr. Chung Wang Yiu (Ron) was appointed to fill the vacancy created from Mr. Pau’s resignation. On that same day, the Company also appointed Fernando Chen and Kelvin Choi as new independent directors. Their biographies are provided below:
Chung Wang Yiu (Ron), age 36, is an experienced marketing professional with a robust background in regional marketing, specializing in a diverse range of sectors including e-commerce, B2C lifestyle, corporate, and B2B technology brands. Since November 2020, Mr. Yiu has been served as the Content Lead APAC, Foodpanda, Bangkok, where he oversees the marketing strategies for Hong Kong and Cambodia, managing regional marketing campaigns and execution. From June 2018 to November 2020, Mr. Yiu served as Senior Account Executive of TEAM LEWIS, Hong Kong. At TEAM LEWIS, he managed content development, social media management, client servicing, regional coordination, media relations, and influencer engagement for high-profile clients such as Equinix, Ferrari, Foreo, NTT Ltd., Skyscanner, Sophos, and The LYCRA Company. From August 2017 to May 2019, Mr. Yiu served as Account Executive of Newell Public Relations, Hong Kong. At Newell Public Relations, Mr. Yiu was responsible for content development, social media management, media relations, and event support for clients including Adobe, Belkin, GfK, Parallels, and Software AG. From August 2015 to March 2017, Mr. Yiu worked as Project Coordinator of Creative Concept Construction, Hong Kong where he managed client servicing, coordination with internal and external parties, document preparation, and administrative support, including reporting and database updates. Mr. Yiu holds a Bachelor of Arts (Hons) in Translation from Lingnan University. With a strong track record in integrated communications, Mr. Yiu brings expertise in digital marketing, copywriting, social media management, project management, influencer engagement, and public relations.
Fernando Chen I-Ting, age 41, brings over 15 years of specialized experience in commercial sales within the public authority, law enforcement, and defense industry sectors in South-East Asia. He has developed a deep understanding of the industry’s unique requirements and challenges, demonstrating a consistent ability to manage extensive sales operations, cultivate robust client relationships, and deliver high-value solutions. Since 2019, Mr. Chen has served as Partner and Asia Commercial Sales Program Manager of Marck & Balsan Group, responsible for the Taiwan, the Philippines, Vietnam, and Japan markets. Between 2014 and 2019, Mr. Chen worked as partner and Asia sales at GK Pro Group, a company focusing on law enforcement personal protection gear. Prior to that, Mr. Chen worked at Seggan International Limited, apprenticed in trading materials and equipment across multiple international markets including the United States, Europe, New Zealand, Japan, and Taiwan. Mr. Chen holds a Bachelor's degree in Marketing from the University of Auckland and has continually refined his skills through various certifications. Mr. Chen brings in extensive background and strategic insight in the Asia region.
Kelvin Choi Hio Tong, age 41, has over two decades of extensive experience across a diverse range of industries encompassing fintech, real estate valuation and financing, quick service restaurant integrations, customer engagement, supermarket automation, transport systems, digital marketing, accounting platforms, tourism, and security software products. Mr. Choi is actively involved in property real estate investment and is a member of the Australian Property Investment Association (APIA) and the New Zealand Property Investors’ Federation (NZPIF). Since 2013, Mr. Choi served as a director of Amazing Solutions Limited, a software development company specialized in software solutions. Since 2022, Mr. Choi also served as a chief engineer for TASK Group Holdings (ASX: TSK) and its holding company PAR Technology Corporation (NYSE:PAR), a leading provider of technology solutions for the global hospitality sector. Between 2008 and 2010, Mr. Choi served as Intermediate Developer for Marshal Software Limited. Prior to that, Mr. Choi was a junior developer at Affinity iD. Academically, Mr. Choi holds a Master’s Degree in Software Engineering with Honors from the University of Auckland, as well as a Bachelor’s Degree from Auckland Howick College. Mr. Choi brings a comprehensive blend of technical acumen and business insight to drive innovation and deliver substantial value across various sectors.
The Company has determined that each Mr. Yiu, Mr. Chen and Mr. Choi qualifies as independent director as such term is defined by Rule 5605(a)(2) of the Marketplace Rules of The Nasdaq Stock Market, Inc. (the “Nasdaq Marketplace Rules”) and Section 10A(m)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
None of Mr. Yiu, Mr. Chen, or Mr. Choi has any family relationships with any of the executive officers or directors of the Company. Additionally, there have been no transactions in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Yiu, Mr. Chen, or Mr. Choi had, or will have, a direct or indirect material interest.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: October 4, 2024 | ZW Data Action Technologies Inc. | |
| By: | /s/ Handong Cheng | |
|
Name: Handong Cheng Title: Chief Executive Officer and Acting Chief Financial Officer |