Mr. Handong Cheng, Chairman and CEO of ChinaNet commented, "We've been increasingly focusing on serving SMEs with brand promotion, and we have built up strong relationships with many clients in China, especially in consumption and services industries. It has been a great challenge for our clients when they have multiple stores, but their management capabilities and efficiencies have not kept pace. Smartphone and internet technology growth in China has created new opportunities for our clients. After one year of development, improvements and testing, the System is officially completed and launched today which is a great milestone for our company. We can now provide a closed eco-system from brand promotion to store management to our customers."Mr. Cheng continued, "In the future, we will diversify the system with social communication functions to increase interactivity among the brands, stores and customers. At present we charge an annual fee from our clients and we are considering sales sharing models in the next few years. Our management believes that this system will create additional revenue and value for ChinaNet and our shareholders." About ChinaNet Online Holdings, Inc. The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI ("ChinaNet"), is a leading digital B2B (business to business) Internet technology company focusing on providing O2O 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. 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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