ChinaNet Online Holdings Regains Compliance With NASDAQ Listing Rules

ChinaNet Online Holdings Regains Compliance With NASDAQ Listing Rules

BEIJING, July 28, 2014 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "ChinaNet" or "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 it
received a letter on July 24, 2014 notifying the Company that it has regained
compliance with NASDAQ's filing requirements set forth in Listing Rule
5250(c)(1) (the "Rule"). The Company filed its Form 10-Q for the period ended
March 31, 2014 on July 17, 2014.

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 and Liansuo.com, TV commercials
and program production via China-Net TV, and offline brand management and
sales channel building services. 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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