On August 5, 2019, Watanabe Mototaka resigned as a director of ChinaNet Online Holdings, Inc. and as a member of the Company’s audit, compensation, and nominating and corporate governance committees. Mr. Watanabe’s resignation did not result from any disagreement with the Company. On that same day, Mr. Pau Chung Ho was appointed to fill the vacancy created from Mr. Watanabe’s resignation. Mr. Pau has served as the General Manager of The Regal Riverfront Hotel Jiangmen from April 2018 to date. From February 2014 to June 2017, he served as the General Manager of The Holiday Inn Resort Chaohu, and from September 2011 to February 2014, Mr. Pau served as the General Manager of The Regal Poly Guiyang Hotel.