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ChinaNet Online Holdings Increases Full Year 2012 Revenue Guidance to at Least $46 Million

ChinaNet Online Holdings Increases Full Year 2012 Revenue Guidance to at Least
$46 Million

BEIJING, Nov. 27, 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 the Company is increasing its
2012 full year revenue guidance to at least $46 million from $42 million
previously provided. The Company had previously raised its net income guidance
to $3.1 million on October 11, 2012.

"Our new products and services are gaining traction with small business and
enterprise customers," explained Mr. George Chu, COO of ChinaNet. "The
increase in our revenue guidance reflects a better than expected uptake in TV
advertising and internet marketing services such as Liansuo.com and other
value added internet marketing services based on cloud-based technology, as
well as brand management services such as brand marketing with Weibo360
solutions and other brand managements solutions. As the economy in China
continues to improve, we believe that we are well positioned to capture an
increasing share of the overall growth in the economy."

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 services for small and medium-sized enterprises (SMEs)
and entrepreneurial management and networking services 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