ChinaNet Participates in First Job Hunting Reality Show on Beijing TV

BEIJING, Nov. 15, 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 has been invited to participate in the first job hunting reality show, "Just Waiting for You," on Beijing TV. ChinaNet will receive national exposure and notoriety by being one of 15 companies chosen to participate.

Mr. George Chu, Chief Operating Officer of ChinaNet explained, "We are honored to be invited to participate in "Just Waiting for You." Reality shows, particularly ones involving contestants competing for a prize, have become extremely popular among Chinese viewers. ChinaNet's brand and services will be introduced to millions of viewers across China, providing significant marketing and recruitment opportunities."

"Just Waiting for You," developed by Beijing TV satellite station, is a reality show that pairs enterprising companies with talented job seekers. Every week, five contestants compete for three positions with ten to fifteen companies. The winning contestants will have an opportunity to earn a full time position with the companies they select. The one hour show, which debuted in May 2012, is aired at 10 p.m. local time on Beijing TV and reaches over 250 million viewers each week for six consecutive months.

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.

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