ChinaNet Online Holdings Passes Audit for High Tech Enterprises

ChinaNet Online Holdings Passes Audit for High Tech Enterprises

ChinaNet Becomes Eligible for Potential Funding From Local Agencies

BEIJING, March 14, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "Company" or "ChinaNet"), a leading B2B (business to
business) Internet technology company focusing on providing online-to-offline
("O2O") sales channel expansion services for small businesses (so-called small
and medium-sized enterprises ("SMEs") in China) and entrepreneurial management
and LINK services for entrepreneurs in the People's Republic of China, today
announced that the Beijing Zhongguancun Enterprises Credit Promotion
Association (ECPA) completed a credit audit for the company. ChinaNet was
awarded a high grade, which makes the Company eligible to receive future
subsidies and funding from the State Development Bank, local governments and
related entities.

Beijing Zhongguancun Enterprises Credit Promotion Association is an
independent entity established by various high-tech enterprises in 2003 to
promote members complying with the laws and regulations and national policies
and to strengthen cooperation between members. The credit audit is conducted
by Beijing Credit Ratings Co., Ltd, which is certified by the Beijing
Zhongguancun government and covers the areas of internal controls, financial
statements and credit and working capital management. Various local financial
institutions, insurance and intermediary service agencies and regulators use
this audit as a part of their analysis of individual company's financial
strength.

"Our favorable audit results from ECPA are a testament to our financial
stability and business potential. Lenovo also received the same grade as we
did," said Mr. George Chu, COO of ChinaNet. "We have diversified our revenues
and strengthened our brands while maintaining a strong balance sheet. As we
add new customers and services, we expect to generate growth in our top and
bottom line."

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 businesses (or so-called small and
medium-sized enterprises (SMEs) in China) and entrepreneurial management and
LINK 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 small businesses via its
portal websites, 28.com, Liansuo.com and Chuangye.com (for entrepreneurs'
Linking services), 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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