ChinaNet Online Holdings Annual Meeting to be Held on Friday, June 15th

BEIJING, June 1, 2012 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "Company"), a leading B2B (business to business) Internet technology company focusing on providing online-to-offline ("O2O") sales channel expansion services for small and medium-sized enterprises ("SMEs") and entrepreneurial management and networking services for entrepreneurs in the People's Republic of China, would like to remind its shareholders that it will hold its annual meeting at 2pmBeijing time in the Company's offices located in Beijing, China on Friday, June 15^th.

At the annual meeting, shareholders will vote to ratify the election of board members for 2012 and ratify the appointment of Marcum Bernstein & Pinchuk LLP as the Company's independent accountants for the fiscal year ending December 31, 2012. Shareholders can access the proxy statement at:

http://sec.gov/Archives/edgar/data/1376321/000117184312001492/def14a_042712.htm

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI ("ChinaNet"), is a leading B2B (business to business) Internet technology company focusing on providing O2O (online to offline) sales channel expansion service for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking service for entrepreneurs in China. The Company, through certain contractual arrangements with operating companies in the PRC, provides Internet advertising and other services for Chinese SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons. Website: http://www.chinanet-online.com.

CONTACT: MZ North America

         Ted Haberfield, President

         Tel: +1-760-755-2716

         Email: thaberfield@mzgroup.us

         Web: www.mzgroup.us

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