ZW Data Action Technologies Inc. — Director's Dealing 2011

Sep 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2011-09-06

Reporting Person: Cheng Handong (Director, Chairman, CEO & President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-06	Common Stock, par value $0.001	P	1700	$1.6112	Acquired	7452905	Indirect
2011-09-07	Common Stock, par value $0.001	P	1800	$1.5683	Acquired	7454705	Indirect

Footnotes

F1: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $1.52 to $1.70.

F2: The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

F3: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $1.55 to $1.58.