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

Oct 1, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (OTCBB:CHNT)
CIK: 0001376321
Period of Report: 2009-06-26

Reporting Person: Hirofumi Kotoi (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	1279080	Indirect

Footnotes

F1: The shares are owned by Star (China) Holdings Limited. As the controlling shareholder of Star (China) Holdings Limited,
Kotoi Hirofumi may be deemed to have voting and dispositive power over the shares. Kotoi Hirofumi disclaims beneficial
ownership of the shares owned by Star (China) Holdings Limited, and this report should not be deemed an admission that the
reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.