ZW Data Action Technologies Inc. — Director's Dealing 2009

Dec 3, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2009-11-30

Reporting Person: Watanabe Mototaka (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$5.00	2014-11-30	Common Stock (5000)		Direct

Footnotes

F1: The option vests in equal quarterly annual installments over 24 months from the date of the grant, so long as the reporting
person serves as a director of the issuer.