ChinaNet Online Holdings Launches New Corporate Website

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, today announced that that it has gone live with a new version of its corporate and investor relations website.

ChinaNet's new corporate website includes major upgrades in content, functionality and format, including:

1. Updates to all four major service and product platforms with existing product lines and their related links to the actual service sites;

2. Additional information in its investor relations website including a complete update to its company profile; and

3. Updates to its corporate governance policies and practices with additions to its insider trading and whistleblower policies.

Investors can access the Company's new website at http://www.chinanet-online.com/

The Company has been implementing a number of initiatives to help investors understand more about ChinaNet and provide more clarity on the Company's day-to-day operations. ChinaNet is in the process of producing a short video for investors so that they can better understand how the Company serves business owners and entrepreneurs. Once this video is completed, it will be uploaded to the corporate website. The Company also welcomes its investors to register online to receive real-time news and updates regarding the Company.

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.

Safe Harbor

This release contains certain "forward-looking statements" relating to the business of ChinaNet Online Holdings, Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ChinaNet's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting ChinaNet will be those anticipated by ChinaNet. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ChinaNet undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

CONTACT: MZ North America

         Ted Haberfield, President

         Tel: +1-760-755-2716

         Email: thaberfield@mzgroup.us

         Web: www.mzgroup.us

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