ChinaNet Online Holdings, Inc. Announces Effectiveness of Corporate Name Change
October 14 2020 - 6:30AM
ChinaNet Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing,
data analytics and other value-added services provider serving
enterprise clients, today announced that its corporate name change
from “ChinaNet Online Holdings, Inc.” to “ZW Data Action
Technologies Inc.” became effective on October 14, 2020. In
connection with the name change, our common stock will also begin
being traded under a new CUSIP number, 98880R109, at such
time. The Nasdaq ticker symbol for the Company’s common stock
remains unchanged. Trading under the new name and CUSIP will
begin on October 14, 2020.
About ChinaNet Online Holdings, Inc.
Established in 2003 and headquartered in
Beijing, China, ChinaNet Online Holdings, Inc. (“ChinaNet” or the
“Company”) offers online advertising, precision marketing, data
analytics and other value-added services for enterprise clients.
Leveraging its fully integrated services platform, proprietary
database, and cutting-edge algorithms, ChinaNet delivers
customized, result-driven business solutions for small and
medium-sized enterprise clients in China. The Company also develops
blockchain and artificial intelligence enabled web/mobile
applications and software solutions for general public, enterprise
clients, and government agencies. More information about the
Company can be found at: www.chinanet-online.com.
Safe Harbor Statement
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.
For more information, please contact:
Tony Tian,
CFA Weitian
Group LLCEmail: ttian@weitianco.comPhone: +1 732-910-9692
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