ChinaNet Online Holdings (01920) plans to issue approximately 112 million shares of subscription shares to Chairman Zhou Zhenlin at a premium of approximately 4.34%, raising approximately HK$43.9 million net.

Zhixun Financial APP reported that China NetChin (01920) announced that on November 10, 2025, the company plans to issue approximately 112 million subscription shares to China Alliance Venture Technology Limited (directly owned by Mr. Zhou Zhenlin, Chairman and Executive Director of the Board), at a subscription price of HK$0.3965 per share, representing a premium of approximately 4.34% over the closing price of HK$0.380 per share on the last trading day and the date of the subscription agreement. The net proceeds from the subscription of approximately HK$43.9 million are intended to be used for the operating capital needs of the Group, including operational funds to maintain the Group's daily operations and to provide funds for the development of the Group's business.