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ZW Data Action Technologies Inc. — Director's Dealing 2011
Apr 2, 2011
35366_dirs_2011-04-01_445c6873-8c80-450e-a9bf-047b162cb0d3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2011-03-30
Reporting Person: Sun Li (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-03-17 | Common Stock, $0.001 par value per share | J | 7434940 | — | Disposed | 0 | Indirect |
Footnotes
F1: Prior to the disposition of the common stock of ChinaNet Online Holdings, Inc. disclosed on this Form 4, pursuant to the
terms of a Share Transfer Agreement dated April 28, 2009 (the "Share Transfer Agreement") by and between Ms. Sun Li and Mr.
Yang Li, the sole stockholder of Rise King Investment Limited ("Rise King"), Ms. Li held the right to purchase 18% of the
outstanding shares of Rise King, which owns 7,434,940 shares of ChinaNet Online Holdings, Inc. Pursuant to the terms of the
Share Transfer Agreement, on March 30, 2011, Ms. Li transferred her right to acquire the shares of Rise King under the Share
Transfer Agreement to Mr. Zhige Zhang, the chief financial officer of ChinaNet Online Holdings. Inc. As a result of this
transfer and certain other transactions, the Entrustment Agreement dated June 5, 2009, by and between Rise King Investments
Limited ("Rise King") and Handong Cheng, Xuanfu Liu and Li Sun (collectively, the "Grantees"), (continue on footnote 2)
F2: pursuant to which (i) Rise King collectively delegated to the Grantees its direct or indirect rights as a stockholder of
China Net Online Media Group Limited, CNET Online Technology Limited, Rise King Century Technology Development (Beijing)
Co., Ltd., Shanghai Borongdingsi Computer Technology Co., Ltd., Business Opportunity Online (Beijing) Network Technology
Co., Ltd. and Beijing CNET Online Advertising Co., Ltd. (collectively, the "China Net Companies") and (ii) Ms. Li was deemed
to be a beneficial owner of ChinaNet Online Holdings, Inc., is of no further force or effect and was terminated on March 30,
2011.