ChinaNet-Online Holdings, Inc. announced the appointment of Mr. Yingguo Guo as the new Chief Technology Officer to further enhance the Company’s development of blockchain technology. Mr. Guo is the founder of two technology companies in China with over a decade of experience managing research and development teams. Notably, Mr. Guo founded Twinkle Entertainment Technology Co. Ltd. (“Twinkle”) in 2016 to leverage blockchain technology to build a decentralized, open-source, and trusted electronic ticketing platform. From 2012 to 2016, he served as the director of a regional product technology center for Tencent.