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

Aug 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2011-08-26

Reporting Person: Rise King Investment Ltd (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-26	Common Stock, par value $0.001	P	2872	$1.1849	Acquired	7437812	Direct
2011-08-29	Common Stock, par value $0.001	P	3821	$1.1449	Acquired	7441633	Direct

Footnotes

F1: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $1.10 to $1.21.

F2: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $1.08 to $1.18.

F3: 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.