UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 10-K/A

(Amendment No. 1)



|☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE     | 
|- | -------------------------------------------------------- | 
|  | SECURITIES EXCHANGE ACT OF 1934                          | 
|  |                                                          | 
|  | For the Fiscal Year Ended December 31, 2019              | 
|  |                                                          | 
|  | OR                                                       | 
|  |                                                          | 
|☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE | 
|  | SECURITIES EXCHANGE ACT OF 1934                          | 
|  | For the transition period from
        ____ to ____      | 

;



COMMISSION FILE NO. 001-34647

CHINANET ONLINE HOLDINGS, INC.

(Exact name of registrant as specified
in its charter)



|NEVADA                                                         |  | 20-4672080                          
|-------------------------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)

No. 9 South Min Zhuang Road, Haidian
District, Beijing, PRC

(Address of principal executive offices)



+86-10-6084-6616

(Issuer’s telephone number, including
area code)





Securities Registered Pursuant to Section
12(b) of the Act:



|Title of Each Class            |  | Trading Symbol(s) |  | Name of Exchange On which Registered
|------------------------------ |  | ----------------- |  | ------------------------------------
|Common Stock, par value $0.001 |  | CNET              |  | Nasdaq Capital Market               



Securities Registered Pursuant to Section
12(g) of the Act:  None.



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.
Yes ☐ No ☒



Indicate by check mark if the registrant is not required to
file reports pursuant to Section 13 or 15(d) of the Act.
Yes ☐ No ☒











Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes ☒ No ☐



Indicate by check mark whether the registrant has submitted
electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of
this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☒ No ☐



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a “smaller reporting company, or an emerging growth company. See the
definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and
“emerging growth company” in Rule 12b-2 of the Exchange Act.



|Large Accelerated Filer ☐ |  | Accelerated Filer ☐         | 
|------------------------- |  | --------------------------- | 
|                          |  |                             | 
|Non-Accelerated Filer ☒   |  | Smaller Reporting Company ☒ | 
|                          |  |                             | 
|                          |  | Emerging growth company ☐   | 



If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐



Indicate by check mark whether the registrant has filed a report
on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued
its audit report. ☐



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Act).
Yes ☐   No ☒



The aggregate market value of the 10,972,800 shares of common
equity stock held by non-affiliates of the Registrant was approximately $14,813,280 on the last business day of the Registrant’s
most recently completed second fiscal quarter, based on the last sale price of the registrant’s common stock on such date
of $1.35 per share, as reported on the Nasdaq Capital Market.



The number of shares outstanding of the Registrant’s common
stock, $0.001 par value as of May 26, 2020 was 21,691,926.











Explanatory Note



ChinaNet Online Holdings, Inc. (the “Company”) is
filing this Amendment No. 1 (the “Amendment No. 1”) to its Annual Report on Form 10-K for the fiscal year ended December
31, 2019, which was originally filed with the Securities and Exchange Commission (“SEC”) on May 27, 2020 (the “Original
2019 Form 10-K”). The Company is supplementing the disclosure as set forth below in connection with the Company’s reliance
on the Order (as defined below):



The Company is relying on the SEC Order
under Section 36 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), granting exemptions from
specified provisions of the Exchange Act, as set forth in SEC Release No. 34-88318, as modified on March 25, 2020 (Release No.
34-88465) (the “Order”) to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2019.



As disclosed in the Company’s Current
Report on Form 8-K filed with the SEC on March 20, 2020, which was filed as a condition to seeking relief provided by the Order,
the reasons that the Company could not file its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 on a timely
basis are summarized as follows:



The Company conducts its business operations
in China, primarily in two cities, Beijing and Xiaogan City, Hubei Province. Xiaogan City is located approximately 70 kilometers
from WuHan, the provincial capital of Hubei Province which was the critical epicenter of the COVID-19 outbreak. In accordance with
the epidemic control measures imposed by the local governments since February 2020, the Company, along with most other business
entities in Xiaogan City and Beijing remained closed after the Chinese New Year holiday (January 24-February 2, 2020). As a result,
the Company’s accounting and other staff, who are instrumental in the annual closing and audit process, had been unable to
come to work. The Company’s Beijing office partially re-opened on March 10, 2020 but its Xiaogan City office was not expected
to be re-opened until April 1, 2020.



Normally, the Company commences its annual
closing and audit preparation work in January, which includes, among other things, preliminary and then final closing of each subsidiary’s
ledger, preparation of consolidated financial statements, as well as reconciliation of account balances and/or transaction amounts
with suppliers, customers and commercial banks. Following that, the Company’s auditors would perform their audit procedures
including, but not limited to, obtaining confirmations directly from such parties. However, due to control measures having been
put in place by the local government of different cities in China, some of the branches of the commercial banks in Beijing and
all the branches of the commercial banks in Xiaogan City, where the Company has accounts, were not opened and did not fully resume
operations until in mid-March. The Company’s suppliers and customers had limited staff to respond to the reconciliation process
and auditors’ confirmations, and the delivery services had not fully resumed operations, especially in high risk cities,
such as Xiaogan City, all of which had resulted in a delay of the Company’s standing audit related works, including a delay
in the return by mail of confirmations directly to the Company’s auditors, in accordance with the standards
of the Public Company Accounting Oversight Board (United States). In addition, the principal office of the Company’s
auditors is located in Hong Kong Special Administrative Region of PRC (the “HKSAR”), and the local control measures
and quarantine policies imposed by both mainland China and the HKSAR also delayed the auditors’ on-site audit arrangements
in the Company’s operational offices. As a result, all of the above consequences and chain reactions derived from the COVID-19
outbreak had adversely affected the efficiency of the Company’s annual audit and the overall timeline of the Company’s
preparation of the 10-K to be filed with the SEC.



Except as specifically referenced herein, this Amendment No.
1 does not purport to amend, update, change or restate the information in any other items of the Form 10-K or reflect any event
occurring subsequent to May 27, 2020, the filing date of the Original 2019 Form 10-K.



Pursuant to Rule 12b-15 under the Securities Exchange Act of
1934, as amended, the certifications pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002, filed and furnished,
respectively, as exhibits to the Original 2019 Form 10-K have been re-executed and re-filed as of the date of this Amendment No.
1 and are included as exhibits hereto.















PART
IV.



| | ITEM 15 | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
| | ------- | ------------------------------------------



(a)(3)
The following exhibits are filed with this Amendment:



|31.1 | Certification pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. +
|---- | -------------------------------------------------------------------------------------------------------------------------------
|31.2 | Certification pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. +
|32.1 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. +      



+       Filed
herewith

















SIGNATURES

Pursuant to the requirements of Section
13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned thereunto duly authorized.



|                     | ChinaNet Online Holdings, Inc.
|-------------------- | ------------------------------
|                     |                               
|Dated: June 10, 2020 | By:                           
|                     | Name:                         
|                     | Title:                        



Pursuant to the requirements of the Securities
Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.



|Dated: June 10, 2020 | By:    | /s/ Handong Cheng                                                 
|-------------------- | ------ | ------------------------------------------------------------------
|                     | Name:  | Handong Cheng                                                     
|                     | Title: | Chairman and Chief Executive Officer
(Principal Executive Officer)



|Dated: June 10, 2020 | By:    | /s/ Mark Li                                          
|-------------------- | ------ | -----------------------------------------------------
|                     | Name:  | Mark Li                                              
|                     | Title: | Chief Financial Officer
(Principal Financial Officer)



|Dated: June 10, 2020 | By:    | /s/ George Kai Chu
|-------------------- | ------ | ------------------
|                     | Name:  | George Kai Chu    
|                     | Title: | Director          
|                     |        |                   
|Dated: June 10, 2020 | By:    | /s/ Zhiqing Chen  
|                     | Name:  | Zhiqing Chen      
|                     | Title: | Director          



|Dated: June 10, 2020 | By:    | /s/ Pau Chung Ho
|-------------------- | ------ | ----------------
|                     | Name:  | Pau Chung Ho    
|                     | Title: | Director        



|Dated: June 10, 2020 | By:    | /s/ Chang Qiu
|-------------------- | ------ | -------------
|                     | Name:  | Changhua Qiu 
|                     | Title: | Director