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

Jun 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ChinaNet Online Holdings, Inc. (CNET)
CIK: 0001376321
Period of Report: 2012-05-29

Reporting Person: Cheng Handong (Director, SEE REMARKS, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-29	Common Stock, par value $0.001	P	2293	$0.7371	Acquired	7488301	Indirect
2012-05-30	Common Stock, par value $0.001	P	2293	$0.7508	Acquired	7490594	Indirect

Footnotes

F1: Represents the weighted average purchase price for the reported transactions. The range of prices for such transactions was $0.73 to $0.76.

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 $0.70 to $0.80.