China INSOnline Corp. Begins Trading on the NASDAQ Stock Market

BEIJING (the "Company"), an integrated licensed insurance services provider operating a leading industry web portal, www.soobao.cn, in the People's Republic of China, announced today that its shares commenced trading on the NASDAQ Capital Market� on the morning of July 1st under an unchanged symbol, "CHIO."

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., commented, "We are delighted to begin trading on the NASDAQ Stock Market, which is the leader in global stock markets, and with a prestigious family of listed companies around the world. We believe this new listing will help us achieve much better shareholder values in the long-run and enhance our future capital market objectives."

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "The NASDAQ listing will enable new shareholders to better understand and appreciate our Company's current value, given its great transparency and liquidity. We are optimistic about our future, given our strong technology platform, our niche markets in automobile and personal insurance, and position as one of the very few online insurance agencies in China, given the first-to-market advantages we hold."

Mr. Hon Man Yun, COO and Treasurer, noted: "Management is looking forward to visiting New York very soon, to present at various investment conferences in the next few months, and to meet with institutional investors, analysts, money mangers and registered brokers."

About China INSOnline Corp.:

China INSOnline Corp., incorporated in Delaware and headquartered in Beijing, is a rapidly growing licensed insurance agency in The People's Republic of China. Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal, www.soobao.cn. The Company's online platform also provides consumers, agents and insurance companies with online transaction capabilities, advertising, online inquiry, news circulation, statistical analysis and software development services. For more information, please visit www.china-insonline.com.

About NASDAQ�:

NASDAQ is the largest U.S. electronic stock market listing approximately 3,200 companies trading more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media, biotechnology and other sectors. For more information about NASDAQ, please visit www.nasdaq.com.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

No securities regulatory authority has either approved or disapproved the contents of this news release.

Contact: Alan Stone & Company LLC Alan Stone Managing Director (212) 521-4102 astone@alanstone.com www.AlanStone.com John Keffalas Senior Associate (310) 444-3940

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