– CHINA, Beijing – ChinaNet Online Holdings, Inc. (Nasdaq:CNET), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the Board of directors has appointed Mr. Qiu Chang as an independent director.

Mr. Chang is currently a Principal with Sansar Capital focused on special investment opportunities in TMT and healthcare industries and board directors for several organizations. Prior to joining Sansar in 2007, Mr. Chang in 2001 founded FORUN Technologies, a boutique research and consulting firm, established a multi-year track record in selecting winning investments in China, and was ranked as a top analyst by Wall Street Journal Best of Street Annual Analyst Survey. Prior to founding FORUN, Mr. Chang worked as a Business Intelligence Specialist and Market Strategy Analyst at IBM, and as a Principal Investigator and a scientific researcher in several companies and universities. Mr. Chang received an MBA from Columbia Business School, a Ph.D. in Applied Physics from Colorado School of Mines, and a B.S. in Physics from Wuhan University in China.

“We are looking forward to working with Mr. Chang and benefiting from his significant experience in finance and technology, as we continue to focus on our growth with new products and services targeted at China’s SMEs,” said George Chu, ChinaNet Online’s Chief Operating Officer.

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI (“ChinaNet”), is a leading digital B2B (business to business) Internet technology company focusing on providing O2O sales channel expansion service for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking service for entrepreneurs in China. The Company, through certain contractual arrangements with operating companies in the PRC, provides Internet advertising and other services for Chinese SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons.

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Talent4Boards Team

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