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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
September 10, 2012</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>ChinaNet Online Holdings, Inc.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Charter)<BR STYLE="mso-special-character: line-break">
<BR STYLE="mso-special-character: line-break">
</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 30%; padding-left: 6pt; text-align: center; border-bottom: Black 1pt solid">Nevada</TD>
    <TD STYLE="width: 5%; padding-left: 6pt; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-left: 6pt; text-align: center; border-bottom: Black 1pt solid">333-138111</TD>
    <TD STYLE="width: 5%; padding-left: 6pt; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-left: 6pt; text-align: center; border-bottom: Black 1pt solid">20-4672080</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding-left: 6pt; text-align: center">(State or Other Jurisdiction <BR>
of Incorporation)</TD>
    <TD NOWRAP STYLE="padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-left: 6pt; text-align: center">(Commission<BR>
 File&nbsp;Number)</TD>
    <TD NOWRAP STYLE="padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-left: 6pt; text-align: center">(IRS Employer<BR>
 Identification&nbsp;No.)</TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No.3 Min Zhuang Road, Building 6,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: center"><FONT STYLE="color: black">Yu Quan
        Hui Gu Tuspark,</FONT> Haidian District, Beijing, PRC 100195</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 24pt; text-align: center">(Address of Principal Executive Offices and Zip Code)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: +86-10-<FONT STYLE="color: black">51600828</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0">(Former Name or Former
Address, if Changed Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;&nbsp;&nbsp;</FONT>Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;&nbsp;&nbsp;</FONT>Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;&nbsp;&nbsp;</FONT>Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;&nbsp;&nbsp;</FONT>Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><B>Item 1.01. Entry into a Material
Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">On September 10, 2012, ChinaNet Online Holdings,
Inc. (the &ldquo;Company&rdquo;), through its subsidiary Business Opportunity Online (Hubei) Network Technology Co., Ltd., a People&rsquo;s
Republic of China company (the &ldquo; Business Opportunity Online Hubei&rdquo;), entered into an equity transfer agreement (the
&ldquo;Agreement&rdquo;) with Sou Yi Lian Mei Network Technology (Beijing) Co. Ltd., a People&rsquo;s Republic of China company
(the &ldquo;SouYi&rdquo;), and Liu Yihong, a People&rsquo;s Republic of China citizen (Liu being the &ldquo;Transferor&rdquo;),
to acquire 49% of the equity interests (the &ldquo;Equity&rdquo;) of SouYi owned by the Transferor. The Company owns 51% of the
equity interests of SouYi. SouYi is based in Beijing, China, and its primary business relates to online advertising and marketing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">Pursuant to this Agreement, the Company will
acquire the Equity from the Transferor for total consideration in the amount of RMB 41 million (approximately US$ 6.5 million)
in cash (the &ldquo;Purchase Price&rdquo;). The Company will pay the Purchase Price in four installments as follows: (i) RMB 8
million (approximately $1.3 million) of the Purchase Price will be paid within 5 business days of signing of the Agreement; (ii)
RMB 10 million (approximately $1.6 million) will be paid on September 20, 2012; (iii) RMB 10 million (approximately $ 1.6 million)
will be paid upon closing (as discussed below); and (iv) the remaining RMB 13 million (approximately $2.1 million) of the Purchase
Price will be paid within 15 days of closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">The closing of the transaction contemplated
by this Agreement shall take place within 15 business days following the satisfaction or waiver of conditions precedent to closing
as set forth in the Agreement, including, but not limited to, completion of the formalities of amendment of registration with administration
for industry and commerce with respect to SouYi&rsquo;s articles of association and changes in SouYi&rsquo;s board of directors.
Upon consummation of the equity transfer described above, SouYi will become a wholly-owned subsidiary of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt">The foregoing description does not purport
to be a complete statement of the parties&rsquo; rights and obligations under the Equity Transfer Agreement or the transaction
contemplated thereby or a complete explanation of the material terms thereof. The foregoing description is qualified in its entirety
by reference to the English translation of the Equity Transfer Agreement attached hereto as Exhibit 10.1.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.01. Financial Statements and Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Financial statements of businesses acquired.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any financial statements that may be required
to be filed as an exhibit to this Form 8-K will be filed by amendment to this Form 8-K as soon as practicable, but not later than
71 calendar days after the date that this Form 8-K must be filed with the Securities and Exchange Commission (&ldquo;SEC&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Pro forma financial information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Any pro forma financial information that
may be required to be filed as an exhibit to this Form 8-K will be filed by amendment to this Form 8-K as soon as practicable,
but not later than 71 calendar days after the date that this Form 8-K must be filed with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Exhibits.</TD></TR></TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 0.5in; border-bottom: windowtext 1pt solid; font-weight: bold">No.</TD>
    <TD NOWRAP STYLE="width: 0.5in; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 84%; border-bottom: windowtext 1pt solid; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD>&nbsp;</TD>
    <TD>English Translation of the Equity Transfer Agreement by and among Business Opportunity Online (Hubei) Network Technology Co., Ltd., Liu Yihong and Sou Yi Lian Mei Network Technology (Beijing) Co., Ltd., dated September 10, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: -3in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Dated: September 11, 2012</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">ChinaNet Online Holdings, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 3%; text-indent: 0in">By:</TD>
    <TD STYLE="width: 47%; text-indent: 0in; border-bottom: Black 1pt solid">/s/Handong Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name: Handong Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp; Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in">EXHIBIT INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 10%; border-bottom: windowtext 1pt solid; font-weight: bold">Exhibit No.</TD>
    <TD NOWRAP STYLE="width: 2%; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 88%; border-bottom: windowtext 1pt solid; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>10.1</TD>
    <TD>&nbsp;</TD>
    <TD>English Translation of the Equity Transfer Agreement by and among Business Opportunity Online (Hubei) Network Technology Co., Ltd., Liu Yihong and Sou Yi Lian Mei Network Technology (Beijing) Co., Ltd., dated September 10, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: right; text-indent: 0in">&nbsp;</P>

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[{"type": "8-K", "sequence": "1", "filename": "v323461_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 20034}]
{"company-data": {"conformed-name": "ChinaNet Online Holdings, Inc.", "cik": "0001376321", "assigned-sic": "7311", "irs-number": "204672080", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34647", "film-number": "121084279"}, "business-address": {"street1": "NO.3 MIN ZHUANG ROAD, BUILDING 6,", "street2": "YU QUAN HUI GU TUSPARK,", "city": "HAIDIAN DISTRICT, BEIJING,", "state": "F4", "zip": "100195", "phone": "888-419-9455"}, "mail-address": {"street1": "101-C N. GREENVILLE AVENUE", "street2": "SUITE 255", "city": "ALLEN", "state": "TX", "zip": "75002"}, "former-company": {"former-conformed-name": "EMAZING INTERACTIVE, INC.", "date-changed": "20060922"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 10, 2012
ChinaNet Online Holdings, Inc.
(Exact Name of Registrant as Specified in
Charter)
Nevada
333-138111
20-4672080
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
No.3 Min Zhuang Road, Building 6,
Yu Quan
        Hui Gu Tuspark,
Haidian District, Beijing, PRC 100195
(Address of Principal Executive Offices and Zip Code)
Registrant's telephone number, including
area code: +86-10-
51600828
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material
Definitive Agreement.
On September 10, 2012, ChinaNet Online Holdings,
Inc. (the "Company"), through its subsidiary Business Opportunity Online (Hubei) Network Technology Co., Ltd., a People's
Republic of China company (the " Business Opportunity Online Hubei"), entered into an equity transfer agreement (the
"Agreement") with Sou Yi Lian Mei Network Technology (Beijing) Co. Ltd., a People's Republic of China company
(the "SouYi"), and Liu Yihong, a People's Republic of China citizen (Liu being the "Transferor"),
to acquire 49% of the equity interests (the "Equity") of SouYi owned by the Transferor. The Company owns 51% of the
equity interests of SouYi. SouYi is based in Beijing, China, and its primary business relates to online advertising and marketing.
Pursuant to this Agreement, the Company will
acquire the Equity from the Transferor for total consideration in the amount of RMB 41 million (approximately US$ 6.5 million)
in cash (the "Purchase Price"). The Company will pay the Purchase Price in four installments as follows: (i) RMB 8
million (approximately $1.3 million) of the Purchase Price will be paid within 5 business days of signing of the Agreement; (ii)
RMB 10 million (approximately $1.6 million) will be paid on September 20, 2012; (iii) RMB 10 million (approximately $ 1.6 million)
will be paid upon closing (as discussed below); and (iv) the remaining RMB 13 million (approximately $2.1 million) of the Purchase
Price will be paid within 15 days of closing.
The closing of the transaction contemplated
by this Agreement shall take place within 15 business days following the satisfaction or waiver of conditions precedent to closing
as set forth in the Agreement, including, but not limited to, completion of the formalities of amendment of registration with administration
for industry and commerce with respect to SouYi's articles of association and changes in SouYi's board of directors.
Upon consummation of the equity transfer described above, SouYi will become a wholly-owned subsidiary of the Company.
The foregoing description does not purport
to be a complete statement of the parties' rights and obligations under the Equity Transfer Agreement or the transaction
contemplated thereby or a complete explanation of the material terms thereof. The foregoing description is qualified in its entirety
by reference to the English translation of the Equity Transfer Agreement attached hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(a)
Financial statements of businesses acquired.
Any financial statements that may be required
to be filed as an exhibit to this Form 8-K will be filed by amendment to this Form 8-K as soon as practicable, but not later than
71 calendar days after the date that this Form 8-K must be filed with the Securities and Exchange Commission ("SEC").
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(b)
Pro forma financial information.
Any pro forma financial information that
may be required to be filed as an exhibit to this Form 8-K will be filed by amendment to this Form 8-K as soon as practicable,
but not later than 71 calendar days after the date that this Form 8-K must be filed with the SEC.
(d)
Exhibits.
No.
Description
10.1
English Translation of the Equity Transfer Agreement by and among Business Opportunity Online (Hubei) Network Technology Co., Ltd., Liu Yihong and Sou Yi Lian Mei Network Technology (Beijing) Co., Ltd., dated September 10, 2012.
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 11, 2012
ChinaNet Online Holdings, Inc.
By:
/s/Handong Cheng
Name: Handong Cheng
Title:   Chief Executive Officer
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EXHIBIT INDEX
Exhibit No.
Description
10.1
English Translation of the Equity Transfer Agreement by and among Business Opportunity Online (Hubei) Network Technology Co., Ltd., Liu Yihong and Sou Yi Lian Mei Network Technology (Beijing) Co., Ltd., dated September 10, 2012.
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