ZW Data Action Technologies Inc. — Director's Dealing 2012

Jun 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2012-06-05

Reporting Person: Zhang Zhige (Director, CFO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-05	Common Stock, par value $0.001	P	1500	$0.7533	Acquired	7495487	Indirect
2012-06-06	Common Stock, par value $0.001	P	2054	$0.8055	Acquired	7497541	Indirect

Footnotes

F1: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $0.7300 to $0.7600.

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 $0.7950 to $0.8200.