 ChinaNet-Online Holdings, Inc. Nasdaq:CNET ChinaNet or the Company, an integrated online advertising, precision marketing, and data analysis and management platform company, today announced the closing of the first half of a private placement with a select group of investors the Investors in accordance with the Securities Purchase Agreement, originally entered into by the Company and Investors on August 7, 2019. In connection with the closing, the Company issued 1,608,430 shares of common stock the Shares in consideration for approximately 2.4 million, representing half of the total 4.8 million worth of Shares to be disbursed under the aforementioned Securities Purchase Agreement. 